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Fraport Supervisory Board Recommends Higher Dividend for 2014 Fiscal Year
Frankfurt (ots) -
AGM to Decide on Dividend Increase of 10 Euro Cents to EUR1.35 per Share
At its regular board meeting today, the Fraport AG supervisory board approved Fraport AG's annual financial statements for 2014 and the Fraport Group's annual statements. For the fiscal year ending December 31, 2014, the Fraport Group posted revenue of about EUR2.4 billion (up 0.8 percent), EBITDA of about EUR790 million (up 7.8 percent) and a Group result of about EUR252 million (up 6.8 percent). Based on this development, the supervisory board has decided to recommend at the company's upcoming annual general meeting that the dividend be increased by 10 euro cents per share to EUR1.35 per share for the 2014 fiscal year. Today, the company issued an ad-hoc release to inform the capital market about this decision. The Fraport Annual General Meeting (AGM) will decide on the dividend recommendation on May 29.
Taking into account the 2014 business development, the executive board is expecting in the current 2015 financial year that Fraport will record Group EBITDA of about EUR820 million to about EUR840 million, as well as Group result ranging from about EUR265 million to about EUR285 million - with dividend unchanged at EUR1.35 per share.
However, this outlook does not take into account any effects from implementing the planned concession for operating the 14 regional airports in Greece. The executive board currently anticipates possible conclusion of this transaction by the end of 2015 or the beginning of 2016.
Fraports AG's annual financial statements and the Annual Report 2014 of the Fraport Group will be published on Thursday, March 19, 2015, at 07:00 CET. Later on the same day, Fraport will hold its annual financial press conference for accredited representatives of the media at 10:00 CET.
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Fraport AG - which ranks among the world's leading companies in the global airport business - offers a full range of integrated airport management services and boasts subsidiaries and investments on five continents. In 2014, the Fraport Group generated sales of EUR2.4 billion and profit of about EUR252 million. Last year more than 108.5 million passengers used airports around the world in which Fraport has more than a 50 percent stake.
At its Frankfurt Airport (FRA) home base, Fraport welcomed about 60 million passengers and handled some 2.2 million metric tons of cargo (airfreight and airmail) in 2014. For the current winter timetable, FRA is served by 98 passenger airlines flying to some 250 destinations in 105 countries worldwide. More than half of FRA's destinations are intercontinental (beyond Europe) - underscoring Frankfurt's role as a leading hub in the global air transportation system. In Europe, Frankfurt Airport ranks first in terms of cargo tonnage and is the third-busiest for passenger traffic. With about 55 percent of all passengers using Frankfurt as a connecting hub, FRA also has the highest transfer rate among the major European hubs.
Frankfurt Airport City has become Germany's largest job complex at a single location, employing more than 78,000 people at some 500 companies and organizations on site. Major new real estate developments - such as The Squaire, the Gateway Gardens business park, and the Mönchhof Logistics Park - are creating an exciting new dimension and range of services at the evolving Frankfurt Airport City of the 21st century.
Almost half of Germany's population lives within a 200-kilometer radius of the FRA intermodal travel hub - the largest airport catchment area in Europe. FRA Airport City also serves as a magnet for other companies located throughout the economically vital Frankfurt/Rhine-Main-Neckar region. Thanks to synergies associated with the region's dynamic industries, networked expertise, and outstanding intermodal transportation infrastructure, FRA's world route network enables Hesse's and Germany's export-oriented businesses to flourish in global growth markets.
Frankfurt Airport meets the increasing needs of the export-oriented economies of the State of Hesse as well as Germany as a whole, for optimal connections to growth markets around the globe. Likewise, FRA is a strategic gateway for companies wanting to access the huge European marketplace. Thus, Frankfurt Airport - which is strategically located in the heart of Europe - is one of the most important hubs in the global logistics chain.
Robert A. Payne
Press Office, Corp.Communications
60547 Frankfurt, Germany
Telephone: +49 69 690-78547