Thursday, May 23, 2024
Fraport revenue grows 11% in first half of 2017

Fraport revenue grows 11% in first half of 2017

Revenue at Fraport has grown 10.8 per cent in the first six months of 2017 and net profit grew by 37.3 per cent.

The company, which operates Frankfurt Airport, as well as Ljubljana, and has a stake in Varna, Burgas, Lima, Antalya, St. Petersburg, Hanover, Xi’an, Delhi and 14 in Greece, saw revenue increase by €130 million to €1.3 billion, with net profit up to €190 million from €146 million in 2016.

Second quarter revenue was up 16.9 per cent to €763 million and net profit increased 32.6 per cent to €164 million.

Fraport executive board chairman, Dr Stefan Schulte says: “We are looking back on a successful first half 2017. Our business areas have developed well, both at Frankfurt Airport and our Group airports worldwide.”

Cargo at Frankfurt Airport was up 5.3 per cent to just under 1.1 million tonnes as growth from the second half of 2016 continued, in tandem with economic growth.

Most airports in the group saw cargo growth in the first six months of 2017.

Ljubljana grew 13 per cent to 5,655 tonnes, Lima was up 0.1 per cent to 122,681 tonnes, and over in Bulgaria, Burgas increased three per cent to 6,715 tonnes and Varna by 57.9 per cent to 148 tonnes.

Hanover declined 8.5 per cent to 8,864 tonnes, while Xi’an increased 11.1 per cent to 122,513 tonnes and Delhi by 14.3 per cent to 470,680 tonnes.


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