Fraport Ag Frankfurt Akt (FPRUF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the publication full year figures 2024 and annual report 2024 conference call and live webcast. I'm Moritz, the course 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, SDP Head of Finance and IR. Please go ahead, sir. Thank you, Moritz, and a warm welcome from my side. I have with me in the room Stefan Schulte, our CEO, and Matthias Zieschong, our CFO. I know you have a lot of questions, but before that, we start with the presentation right now. Please go ahead, Stefan. Yeah. Christoph, thanks very much. Good afternoon, ladies and gentlemen, and a warm welcome also from my side. Let me start my presentation today with a positive message. Despite a challenging environment, we achieved our financial and operational targets in the past fiscal year. so we achieved an EBITDA in the middle of our guidance range and the net result in the upper area of the expectations. Moreover, despite heavy investments, we achieved a stable leverage ratio, which is no question, but at least as expected. What have been the main challenges that we are facing Firstly, our main customer in Frankfurt, Lufthansa, is still waiting for its new wide-body aircraft. Currently, more than 40 long-haul planes are in use, which were already meant to be replaced by new modern aircraft, focusing on last year. Only Lufthansa expected the delivery of 50 new Boeing 787. As of today, n...