Medienmitteilung

Fraport AG Expects Sales in 2001 to Be Similar to Last Year

Frankfurt (ots) -

On the occasion of today's press conference on
airport expansion, Dr. Wilhelm Bender, Executive Board Chairman of
Fraport AG, said that the airport operator expects sales revenues in
the current business year to reach a similar level as in 2000. 
Bender also told journalists: "We already indicated in the spring
that Fraport AG's EBITDA  (earnings before interest, tax,
depreciation and amortization) would be below the record level of the
previous year, particularly because of special costs in the current
year (new corporate branding, conversion to the euro, implementation
of a new SAP computer system).  We indicated that there would be a
single-digit rate of decline. We are working hard to achieve our
business targets despite the current demand crisis. Whether we
achieve this will depend on passenger figures in November and
December."

Dr. Bender continued to say that the economic development was
difficult to ascertain with the information available, as mentioned
in numerous interviews in recent days.  Political and economic
processes have had just as much influence on Fraport's business
figures as decisions of individual airlines.

Fraport's CEO reported that Frankfurt Airport registered passenger
growth of 1.4 percent in the first three quarters of 2001. "For the
entire year, we expect passenger figures to decline at a small
single-digit rate."  For take-offs and landings, Fraport AG expects
about the same figures as for last year.  Market researchers expect
that air cargo tonnage will experience a single-digit rate of decline
for the entire year.  "The important factor here is that cargo volume
is not as relevant for our results as the number of passengers is."

Contact:

Fraport AG Frankfurt Airport Services Worldwide
Attn: Robert A. Payne - Manager International Press
D-60547 Frankfurt am Main
Phone +49 69 690 78547 (with voice mailbox)
Fax +49 69 690 60548
E-mail: r.payne@fraport.de
Internet: www.fraport.de (click on "Press Lounge")

Permalink:

https://www.presseportal.ch/de/pm/100001508/100011628