FRAPORT AG
Fraport AG
Frankfurt Airport Services Worldwide
Headline: Supervisory board approves annual financial statements / higher dividend proposal
Exchange/ Segment: Börse Frankfurt
WKN: | 577330 |
ISIN: | DE0005773303 |
Text:
At its regular board meeting today, the Fraport AG supervisory board approved Fraport AG's annual financial statements for 2014 and the Fraport Group's annual financial statements. For the fiscal year ending December
31, 2014, the Fraport Group posted revenue of about 2.4 billion euros (+0.8 percent), EBITDA of about 790 million euros (+7.8 percent) and a Group result of about 252 million euros (+6.8 percent). Based on business development in the 2014 reporting year, the supervisory board has decided
to recommend at the company's annual general meeting that the dividend be increased by 10 euro cents per share to 1.35 euros per share.
Taking into account the 2014 business development, the executive board is expecting in the current 2015 financial year that Fraport will record Group EBITDA of about 820 million euros to about 840 million euros, as well as Group result ranging from about 265 million euros to about 285 million
euros - with dividend unchanged at 1.35 euros per share.
However, this outlook does not take into account any effects from implementing the planned concessions for operating the 14 regional airports in Greece. The executive board currently anticipates possible conclusion
of this transaction by the end of 2015 or the beginning of 2016.
Fraports AG's annual financial statements and the Annual Report 2014 of Fraport Group will be published on Thursday, March 19, 2015, at 07:00 CET. Later on the same day, Fraport will hold its annual financial press
conference at 10:00 CET and its analyst/investor conference at 14:00 CET. Both events will be broadcasted via the Internet.
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