fraport ag frankfurt airport (FRA:Xetra)
fraport ag frankfurt airport (FRA) Snapshot
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Open
€46.48
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Previous Close
€46.49
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Day High
€46.79
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Day Low
€46.40
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52 Week High
05/10/13 - €47.96
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52 Week Low
06/4/12 - €39.66
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Market Cap
4.3B
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Average Volume 10 Days
164.2K
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EPS TTM
€2.48
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Shares Outstanding
92.2M
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EX-Date
06/3/13
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P/E TM
18.8x
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Dividend
€1.25
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Dividend Yield
2.68%
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Related News
fraport ag frankfurt airport (FRA) Related Businessweek News
No Related Businessweek News Foundfraport ag frankfurt airport (FRA) Details
Fraport AG engages in the ownership and operation of Frankfurt Airport in Germany. It operates through four segments: Aviation, Retail & Real Estate, Ground Handling, and External Activities & Services. The Aviation segment provides traffic and terminal management, airport and aviation security, and airport expansion services. The Retail & Real Estate segment is involved in retailing and parking facility management operations. This segment also engages in the rental and marketing of real estate properties. The Ground Handling segment offers handling services to customers at the European Union airports. The External Activities & Services segment provides facility and infrastructure management, as well as information and telecommunication services. The company was founded in 1924 and is headquartered in Frankfurt am Main, Germany.
fraport ag frankfurt airport (FRA) Top Compensated Officers
fraport ag frankfurt airport (FRA) Key Developments
Fraport AG reported traffic results for the month and year to date ended April 2013. For the month, the company reported nearly 4.7 million passengers in April 2013, a decrease of 2.2% year-on-year. The drop can be attributed to the Easter holidays commencing in March (earlier start of the Easter travel season) and, especially, to the strike by Deutsche Lufthansa AG's ground staff - which resulted in about 950 strike-related flight cancellations on April 22 that affected more than 100,000 passengers at FRA. Excluding this one-time effect, passenger figures would have reached last year's level. FRA's cargo volume remained relatively constant with 174,000 metric tons handled in the reporting month, only 0.1% below the April 2012 figure. Also impacted by the labor strike, aircraft movements fell by 2.2% to about 39,250 takeoffs and landings. For year to date, the company reported passengers of 16,603,806, a decrease of 2.1% year-on-year. Cargo volume was 676.098 metric tons, an increase of 0.8% year-on-year.
Fraport AG, Q1 2013 Earnings Call, May 08, 2013
Fraport AG reported group earnings and operating results for the first quarter ended March 2013. For the period, revenue rose by EUR 12.3 million to EUR 550.2 million in the first quarter of 2013, a 2.3% increase year-on-year. This rise can be attributed to Frankfurt Airport's growth in revenue from airport charges and from gains in the retail business, spurred by the inauguration of the new Pier A-Plus in October 2012. EBITDA declined by 4.6% or EUR 6.3 million to EUR 131.1 million - thus falling short of last year's figure due mainly to one-time revenue realized from land sales in the first quarter of 2012. The Group result dropped by EUR 10.3 million to EUR 4.5 million, primarily because of increased depreciation and amortization in connection with the inauguration of FRA's Pier A-Plus. Correspondingly, basic earnings per share slipped by EUR 0.10 to EUR 0.06. Operating cash flow was on the previous year's level, close to EUR 70 million. Spending for property plant and equipment was down due to the inauguration of Pier A-Plus in the past year, and investment in airport operating projects. Free cash flow therefore was at minus EUR 96 million, an improvement of some EUR 30 million compared to the previous year For the year, the group-wide, passenger traffic rose by 1.6% to about 17.8 million, due mainly to the strong performance at Lima (LIM) and Antalya (AYT) airports. Cargo throughput at FRA improved slightly by 0.9% to approximately 493,000 metric tons and at the Group airports by 1.7% to almost 556,000 metric tons. Aircraft movements was down 5.8% and MTOWs was down 5.3% were impacted by the above mentioned effects as well as the loss of Leap Day in 2013. Strike and weather-related flight cancellations, as well as a reduction in flight offerings by various airlines, led to a 2% drop in traffic to 11.9 million passengers at Frankfurt Airport in the first quarter of 2013. The Group EBITDA 2013 is expected to range between EUR 870 million and EUR 890 million, while the group result is expected to decline.
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Industry Analysis
FRA
Industry Average
| Valuation | FRA | Industry Range |
| Price/Earnings | 18.5x |
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| Price/Sales | 1.6x |
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| Price/Book | 1.4x |
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| Price/Cash Flow | 7.3x |
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| TEV/Sales | NM | Not Meaningful |
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To contact FRAPORT AG FRANKFURT AIRPORT, please visit www.fraport.de. Company data is provided by Capital IQ. Please use this form to report any data issues.
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