Business
Fraport Fiscal Year 2007: Record Figures Despit...
Fraport Fiscal Year 2007: Record Figures Despit....
About this update from Firering Strategic Minerals Plc
[{"type":"text","content":"\n \n\n\n\nFRANKFURT, Germany, March 3 /PRNewswire/ --\n\n- Preliminary Figures - Subject to Supervisory Board Approval\n\n- Revenue and EBITDA Continue to Grow - Optimistic Outlook for 2008\n\n In fiscal year 2007, the Fraport Group achieved new air traffic records \nand further increases in revenue and operating results. With EUR2.33 billion, \nrevenue was 8.6 percent higher than in the previous year, while EBITDA \n(earnings before interest, tax, depreciation and amortization) rose by 0.4 \npercent over 2006 to reach EUR580.5 million. Net profit of EUR213.7 million \nwas 6.6 percent lower due to special effects in 2006. Fraport's executive \nboard is recommending an unchanged dividend of EUR1.15 per share.\n\n\n\n At the Group's Frankfurt Airport (FRA) home base, Fraport\nagain achieved a new record in passenger traffic for the 2007 fiscal year.\nWelcoming more than 54 million passengers, FRA registered an increase of 2.6\npercent. Airfreight tonnage at FRA climbed by 1.9 percent to 2.1 million\nmetric tons. Combined, the Fraport Group's majority-owned airports recorded a\ntotal of 75.6 million passengers, representing 5.5 percent year-on-year\ngrowth.\n\n\n\n This again demonstrates the curbing effect of capacity\nconstraints at Frankfurt Airport. Fraport executive board chairman Dr.\nWilhelm Bender, speaking at the company's annual financial conference today\nin Frankfurt, said that he was, thus, all the more pleased about last\nDecember's zoning approval for the expansion of Frankfurt Airport. \"This\nmarks a milestone for timely implementation of our airport expansion plans.\"\nBender emphasized that expansion and the urgently needed capacity increases\nwill secure FRA's future competitiveness in the long term. Thus, the go-ahead\nfor FRA's expansion \"will also benefit the entire Frankfurt/Rhine-Main\nregion, the prosperity of which has always been closely tied to an efficient\ntransportation infrastructure,\" he explained.\n\n\n\n Bender again underscored that Fraport wants to wait for legal\nclarification from the Hesse Administrative High Court's various fast-track\nproceedings - although the zoning approval already provides the legal basis\nfor the immediate start of construction. \"Because of our respect for the\ncourt and our commitment to handle the expansion issue constructively and in\nthe spirit of partnership ...