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Fraport already revised its financial outlook upwards after conclusion of the first half of the current 2021 business year, thus taking into account the compensation payment of €159.8 million granted to the company for maintaining operations at Frankfurt Airport during lockdown. In view of the ongoing traffic recovery, the Fraport Executive Board now expects FRA’s passenger traffic for the full-year 2021 to reach the upper area of the forecast range, between under 20 million to 25 million passengers.
In view of the positive performance achieved in the first nine months of 2021 and the optimistic fourth-quarter forecast, Fraport’s Executive Board has raised its full-year outlook slightly upward from the forecast given in the half-year interim report. Revenue is now expected to reach just over €2 billion (previously: around €2 billion). Group EBITDA is forecast to range from approximately €650 million to just over €700 million (previously: between about €460 million to €610 million). Group EBIT is now expected to reach a range from around €200 million to just over €250 million (previously: EBIT was only generally expected to be in positive territory). The Group result or net profit is now expected to be in positive territory (previously: slightly negative to slightly positive). The Executive Board will continue to propose that no dividend be paid out for the current financial year.
The traffic outlook remains unchanged for the medium term. Fraport expects Frankfurt Airport’s passenger traffic to reach the pre-crisis level by 2026 – or by 2025 at the earliest. Traffic at Fraport’s Group airports worldwide is forecast to recover at a faster pace, rebounding to pre-crisis levels on average by 2023.
