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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Q3 2021 Fraport AG Frankfurt Airport Services Worldwide Earnings Call Transcript

Nov 09, 2021 / 01:00PM GMT
Release Date Price: €68.2 (+2.00%)
Operator

Ladies and gentlemen, welcome to Fraport's Q3 analyst call also from my side. The presentation will be started today by our CEO, Stefan Schulte, before our CFO, Matthias Zieschang, is going deeper into the numbers.

So let us not hesitate any further, but start.

Stefan Schulte
Fraport AG - Chairman of the Executive Board & CEO

Yes. Another welcome from myself here from Frankfurt. The last time I presented back in March, the world was still very much in lockdown mode. Fortunately, the vaccine rollout has in the meantime being quite successful in many countries. So it was just yesterday that the U.S. market reopened for nonessential travel after more than 600 days of being shut. We also see some progress on other intercontinental markets like Singapore or Thailand that has meanwhile opened up for nonessential travel again.

So we are quite encouraged about the most recent trends. However, we also see that the sky is not just blue. We are also seeing infection rates going up again and some countries going into lockdown again. So the picture

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