Full Year 2024 Fraport Frankfurt Airport Services Worldwide AG Earnings Call Transcript

Mar 18, 2025 / 01:00PM GMT

Release Date Price: €57.1 (+1.78%)

Transcript

Key Points

Positve

Fraport AG (FPRUF) achieved an all-time high EBITDA of EUR1.3 billion and a group result of more than EUR500 million, close to the record level of 2018.
The group airports outside of Frankfurt have fully recovered to 2019 levels on average, with significant growth in Greece and Peru.
Fraport AG (FPRUF) expects a turning point in Frankfurt traffic momentum, driven by new capacities and routes from airlines like Condor and EasyJet.
The company is on track with major expansion programs, including the new terminal at Lima Airport and the upcoming opening of a new terminal in Antalya.
Fraport AG (FPRUF) is implementing AI initiatives to increase operational efficiency and improve customer satisfaction at Frankfurt Airport.

Negative

Fraport AG (FPRUF) faces challenges from high location costs and continued low supply of aircraft, impacting traffic growth in Frankfurt.
The German aviation tax and increased security costs have made Germany one of the most expensive countries to operate, affecting competitiveness.
The company expects a flat to down group result for 2025 due to non-recurring gains from the previous year and ongoing financial pressures.
Ground handling remains a loss-making segment, with challenges in renewing the Lufthansa contract and improving financial stability.
Fraport AG (FPRUF) does not expect to pay a dividend for the 2025 financial year, focusing instead on reducing leverage.

Operator

Ladies and gentlemen, welcome to the publication full-year figures 2024 and annual report 2024 conference call and live webcast. I am Moritz, the Chorus Call operator. (Operator Instructions) The conference must not be recorded for publication or broadcast.

At this time, it's my pleasure to hand over to Christoph Nanke, SVP, Head of Finance and IR. Please go ahead, sir.

Christoph Nanke

Fraport Frankfurt Airport Services Worldwide AG - Senior Vice President, Head of Finance & IR

Thank you, Moritz, and a warm welcome from my side. I have with me in the room Stefan Schulte, our CEO; and Matthias Zieschang, our CFO. I know you have a lot of questions, but before that, we start with the presentation right now.

Please go ahead, Stefan.

Stefan Schulte

Fraport Frankfurt Airport Services Worldwide AG - Chairman of the Executive Board

Yes, 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.

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