Airport World - Joe Bates
Global airport operator, Fraport, today [4th May 2023] revealed that it has “successfully started the new 2023 business year, achieving a noticeable improvement in the Group’s key financial figures during the first quarter of 2022.
The positive performance, it says, was driven by ongoing traffic recovery across Fraport’s global network of airports.
As a result, Group revenue increased by 41.9% year-on-year to €765.6 million. The operating result (EBITDA) jumped over 100% year-on-year to €158.3 million.
The Group result or net profit climbed to minus €32.6 million in the reporting period (from minus €118.2 million in the first quarter of 2022), with Q1 typically being the financial quarter with the lowest earnings.
