Fraport Ag Frankfurt Akt (FPRUF) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

welcome to the interim report q3 nine months 2024 conference call and live webcast i'm moritz the chorus call operator I would like to remind you that all participants will be in a listen-only mode and the conference is being recorded. The presentation will be followed by a question and answer session. You can register for questions at any time by pressing star and one on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Christoph Nanke. Please go ahead, sir. Thank you, Moritz, and welcome also from my side. Thanks to everybody who has dialed in at this special day. I have with me in the room our CEO, Stefan Schulte, and our CFO, Matthias Zieschang. They will start the presentation right now. Then we do it. Good afternoon. Ladies and gentlemen, also from my side, let's go straight into my presentation. On my first slide, you see the financial performance of the past quarter. The 1.35 billion euro revenue grew by more than 10%. Matthias will talk about this later in detail, but I'm pleased to see that the international portfolio and our Frankfurt operations contributed more or less the same amount to revenue growth. So 50% from our international operations and 50% from Frankfurt in absolute terms about 60 million euros higher revenues from each side. Group FBA was broadly flat compared to the previous year, but that's due to special effects. In 2023, we recorded close to 20 million higher results from compensations. And this year, the temporary closure of Porto Alegre Airport imposed a headwind of more than 10 million euros. Adjusted for these effects, the underlying EBITDA would have provided a solid single-digit percentage increase this...