Fraport AG (FRA:FRA)
€ 58.6 0 (0%) Market Cap: 5.44 Bil Enterprise Value: 2.83 Bil PE Ratio: 11.88 PB Ratio: 1.17 GF Score: 77/100
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Q1 2019 Fraport AG Frankfurt Airport Services Worldwide Earnings Call Transcript

May 08, 2019 / 12:00PM GMT
Release Date Price: €73.5 (-0.84%)
Unidentified Company Representative

Hello, everybody, and a warm welcome also from me for Fraport's presentation for the first quarter for financial year 2019. With me at the table, I have our CFO, Dr. Matthias Zieschang. He will guide you through the presentation. And after that, of course, there will be sufficient time for questions, and we will do our best to answer. So now let's start with the presentation.

Matthias Zieschang
Fraport AG - Executive Director of Finance & Controlling, CFO and Member of the Executive Board

Yes. Thank you very much. Good afternoon, ladies and gentlemen, and a warm welcome also from my side.

Let me start my presentation today with an overview on our financial highlights. Despite the shift of the Easter holiday season into April, the underlying group revenue without the application of IFRIC 12 grew by more than EUR 30 million to a value of EUR 679 million. The key drivers for the 5% increase in revenue were the good traffic performances, but also our retailer and parking activities in Frankfurt contributed well.

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