Triumphant year for Fraport

At its recent AGM in Frankfurt, Fraport's Executive Board Chairman Dr Wilhelm Bender reported on a very successful financial year.

“Despite considerable capacity constraints at Frankfurt airport, we were able to achieve noticeable growth in passenger and airfreight figures,” he declared. “Moreover, 2007 was particularly successful because of the quantum leap taken towards Frankfurt airport's expansion, when the Hesse government's zoning approval was issued last December.”

With an income of €2.329bn, Fraport's revenues exceeded the previous year's level by 8.6%. Rising by 0.4% to €580.5m, its EBITDA also recorded a new high, despite positive one-off special effects in the previous year. (One-off effects in 2006 were also the reason why the group’s profits of €213.7m in 2007 fell slightly short of the previous year's record level).

The company's external business also continues to develop successfully, Wilhelm Bender noted. “We are constantly on the lookout for attractive opportunities where we can market and apply our airport management expertise worldwide,” he stressed. “We are maintaining good contacts, particularly in the booming markets of India and China. In the Far East, Vietnam also offers exceptional potential. We are now investigating the possibilities of participating in the rapid development of this Asian country.”