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Fraport Group Interim Report - First Half 2022: Revenue Boosted by Rising Passenger Traffic

Retrieved on:

Tuesday, August 9, 2022

FRANKFURT, Germany, Aug. 9, 2022 /PRNewswire/ --FRA/gk-rap – Following the widespread lifting of pandemic-related travel restrictions, the airports across the Fraport Group recorded a strong rebound in passenger traffic. Some of Fraport's Greek airports serving holiday destinations – including Rhodes, Santorini and Kerkyra on the island of Corfu – even exceeded 2019 pre-crisis passenger levels during the first six months of 2022. Supported by the overall rise in travel demand, Fraport's Group revenue rose by 66.3 percent to €1,348.5 million in the January-to-June period of the current business year 2022.

Key Points:

Supported by dynamic passenger growth, Fraport's Group revenue increased noticeably by 66.3 percent to 1,348.5 million.
Adjusted for revenue from construction and expansion measures at Fraport's subsidiaries worldwide (in line with IFRIC 12), Group revenue grew by 67.7 percent to 1,211.8 million.
After conclusion of the first half of 2022, Fraport's executive board is revising the full-year passenger outlook for Frankfurt Airport upwards.
In fiscal year 2021 (Dec. 31), Fraport AG generated revenue of 2.1 billion and profit of some 92 million.

Fraport Group Interim Report - First Half 2022: Revenue Boosted by Rising Passenger Traffic

Retrieved on:

Tuesday, August 9, 2022

FRANKFURT, Germany, Aug. 9, 2022 /PRNewswire/ --FRA/gk-rap – Following the widespread lifting of pandemic-related travel restrictions, the airports across the Fraport Group recorded a strong rebound in passenger traffic. Some of Fraport's Greek airports serving holiday destinations – including Rhodes, Santorini and Kerkyra on the island of Corfu – even exceeded 2019 pre-crisis passenger levels during the first six months of 2022. Supported by the overall rise in travel demand, Fraport's Group revenue rose by 66.3 percent to €1,348.5 million in the January-to-June period of the current business year 2022.

Key Points:

Supported by dynamic passenger growth, Fraport's Group revenue increased noticeably by 66.3 percent to 1,348.5 million.
Adjusted for revenue from construction and expansion measures at Fraport's subsidiaries worldwide (in line with IFRIC 12), Group revenue grew by 67.7 percent to 1,211.8 million.
After conclusion of the first half of 2022, Fraport's executive board is revising the full-year passenger outlook for Frankfurt Airport upwards.
In fiscal year 2021 (Dec. 31), Fraport AG generated revenue of 2.1 billion and profit of some 92 million.

DGAP-News: Fraport AG Frankfurt Airport Services Worldwide: Share Buyback for the Employee Participation Program

Retrieved on:

Tuesday, May 31, 2022

Fraport, ISIN, Share repurchase, EUR, Board of directors, DGAP, Commission, Aktiengesellschaft, Council, European Parliament, European, News, Airline, Security (finance), EU, SEC

Fraport AG Frankfurt Airport Services Worldwide: Share Buyback for the Employee Participation Program

Key Points:

Fraport AG Frankfurt Airport Services Worldwide: Share Buyback for the Employee Participation Program
The issuer is solely responsible for the content of this announcement.
Frankfurt, 31 May 2022 - For the implementation of this year's employee participation program the Executive Board of Fraport AG Frankfurt Airport Services Worldwide (ISIN DE0005773303) decided to buy back own shares through the stock exchange.
The share buyback complies with rules and regulations set forth in Sec.
It serves solely to fulfil the obligations arising from the employee share capital program of Fraport AG Frankfurt Airport Services Worldwide.

Fraport AG to partner with Zwipe on project with Zwipe Access

Retrieved on:

Monday, March 28, 2022

Investment, ID, PIT, BWI, FRA, Airport, CEO, Technology, Industry, Time, MVP, Digital factory, BNA, Fraport, EWR, JFK, DEL, CLE

OSLO, Norway, March 28, 2022 /PRNewswire/ -- Zwipe, a leading provider of on-card biometric solutions, confirms that its biometric access control solution, Zwipe Access, has been selected by Fraport AG as one of two partnersin Fraport's "Biometrics@Controllane" project.

Key Points:

OSLO, Norway, March 28, 2022 /PRNewswire/ -- Zwipe, a leading provider of on-card biometric solutions, confirms that its biometric access control solution, Zwipe Access, has been selected by Fraport AG as one of two partnersin Fraport's "Biometrics@Controllane" project.
Fraport has recently launched a project within its Digital Factory to identify the optimal solution for performing a biometric comparison between the airport ID card and the person requesting access.
Zwipe Access is a new, highly secure and at the same time easy to handle biometric smart card solution for access control.
Authenticating legitimate access card holders, Zwipe Access provides a step change in security and control without changing the existing backend infrastructures and thereby saving cost and time," said Andr Lvestam, CEO of Zwipe.

Fraport AG to partner with Zwipe on project with Zwipe Access

Retrieved on:

Monday, March 28, 2022

Investment, ID, PIT, BWI, FRA, Airport, CEO, Technology, Industry, Time, MVP, Digital factory, BNA, Fraport, EWR, JFK, DEL, CLE

OSLO, Norway, March 28, 2022 /PRNewswire/ -- Zwipe, a leading provider of on-card biometric solutions, confirms that its biometric access control solution, Zwipe Access, has been selected by Fraport AG as one of two partnersin Fraport's "Biometrics@Controllane" project.

Key Points:

OSLO, Norway, March 28, 2022 /PRNewswire/ -- Zwipe, a leading provider of on-card biometric solutions, confirms that its biometric access control solution, Zwipe Access, has been selected by Fraport AG as one of two partnersin Fraport's "Biometrics@Controllane" project.
Fraport has recently launched a project within its Digital Factory to identify the optimal solution for performing a biometric comparison between the airport ID card and the person requesting access.
Zwipe Access is a new, highly secure and at the same time easy to handle biometric smart card solution for access control.
Authenticating legitimate access card holders, Zwipe Access provides a step change in security and control without changing the existing backend infrastructures and thereby saving cost and time," said Andr Lvestam, CEO of Zwipe.

Fraport Fiscal Year 2021: Revenue and Profit Boosted by Higher Passenger Demand and Strict Cost Reductions

Retrieved on:

Tuesday, March 15, 2022

The Group result (net profit) moved clearly back into positive territory, reaching 91.8 million at year-end 2021 (2019: minus 690.4 million).

Key Points:

The Group result (net profit) moved clearly back into positive territory, reaching 91.8 million at year-end 2021 (2019: minus 690.4 million).
Global travel restrictions still dampened passenger demand in the beginning months of 2021.
Despite the lack of belly capacity on passenger aircraft, FRA even hit a new record for cargo traffic in fiscal 2021.
In fiscal year 2021 (Dec. 31), Fraport AG generated revenue of 2.1 billion and profit of some 92 million.

Fraport Fiscal Year 2021: Revenue and Profit Boosted by Higher Passenger Demand and Strict Cost Reductions

Retrieved on:

Tuesday, March 15, 2022

FRANKFURT, Germany, March 15, 2022 /PRNewswire/ -- FRA/gk-rap – The Covid-19 pandemic continued to impact Fraport AG's financial performance in fiscal year 2021 (ended Dec. 31). Nevertheless, Fraport increased its revenue and operating result (EBITDA) year-on-year, despite the ongoing volatile market environment. This positive trend was mainly supported by the company's strict cost management and by the ongoing traffic recovery during the second half of 2021 – in Frankfurt, and particularly at the Group's airports worldwide. The Group result (net profit) moved clearly back into positive territory, reaching €91.8 million at year-end 2021 (2019: minus €690.4 million).

Key Points:

The Group result (net profit) moved clearly back into positive territory, reaching 91.8 million at year-end 2021 (2019: minus 690.4 million).
Global travel restrictions still dampened passenger demand in the beginning months of 2021.
Despite the lack of belly capacity on passenger aircraft, FRA even hit a new record for cargo traffic in fiscal 2021.
In fiscal year 2021 (Dec. 31), Fraport AG generated revenue of 2.1 billion and profit of some 92 million.

Worldwide Hospitality Event Service Competitive Analysis and Leadership Report 2022 - ResearchAndMarkets.com

Retrieved on:

Wednesday, January 5, 2022

Other Travel, Other Professional Services, Professional Services, Travel, Tourism, Travel, Fraport, SATS, Industry, Leadership studies, CAGR, SATS (company), Growth, Airline

The "Worldwide Hospitality Event Service Competitive Analysis and Leadership Study" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "Worldwide Hospitality Event Service Competitive Analysis and Leadership Study" report has been added to ResearchAndMarkets.com's offering.
The hospitality event service manufacture landscape is diverse and continually evolving.
Major players in hospitality event service market have diversified product portfolios, strong geographical reach, and have made several strategic initiatives.
The dynamics of the hospitality event service market extends beyond routine macro-economic elements of supply and demand.

Fraport Group Interim Report - First Half 2021: Traffic Rebounds Noticeably

Retrieved on:

Tuesday, August 3, 2021

Fraport, Transport, Frankfurt Airport, Cities in Germany, Frankfurt, Airports

FRANKFURT, Germany, Aug. 3, 2021 /PRNewswire/ -- FRA/gk-rap –The business performance of the Fraport global airport company continued to be impacted by the Covid-19 pandemic during the first six months of 2021. Following a weak first quarter, traffic figures markedly picked up again in the second quarter of 2021 across all of the Group's airports worldwide. For the first time since the outbreak of the coronavirus pandemic, Fraport again achieved a positive Group result (net profit) in the reporting period – supported by rising demand and reduced costs, as well as a pandemic compensation payment from the government.

Key Points:

Also thanks to our broad and diverse international airport portfolio the Fraport Group is well positioned to benefit from the expected recovery in air travel."
At Fraport's Group airports worldwide, traffic also grew noticeably again in June 2021, but overall traffic for the first half remained well below the previous year's level.
Reflecting the overall traffic development, Fraport's Group revenue decreased by 10.9 percent to 810.9 million in the first half of 2021.
Print-quality photos of Fraport AG and Frankfurt Airport are available for free downloading via the photo library on the Fraport Website .

Fraport Group Interim Report - First Half 2021: Traffic Rebounds Noticeably

Retrieved on:

Tuesday, August 3, 2021

Fraport, Transport, Frankfurt Airport, Cities in Germany, Frankfurt, Airports

FRANKFURT, Germany, Aug. 3, 2021 /PRNewswire/ -- FRA/gk-rap –The business performance of the Fraport global airport company continued to be impacted by the Covid-19 pandemic during the first six months of 2021. Following a weak first quarter, traffic figures markedly picked up again in the second quarter of 2021 across all of the Group's airports worldwide. For the first time since the outbreak of the coronavirus pandemic, Fraport again achieved a positive Group result (net profit) in the reporting period – supported by rising demand and reduced costs, as well as a pandemic compensation payment from the government.

Key Points:

Also thanks to our broad and diverse international airport portfolio the Fraport Group is well positioned to benefit from the expected recovery in air travel."
At Fraport's Group airports worldwide, traffic also grew noticeably again in June 2021, but overall traffic for the first half remained well below the previous year's level.
Reflecting the overall traffic development, Fraport's Group revenue decreased by 10.9 percent to 810.9 million in the first half of 2021.
Print-quality photos of Fraport AG and Frankfurt Airport are available for free downloading via the photo library on the Fraport Website .