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Fraport AG reported a significant recovery in financial performance for fiscal 2021, ending December 31, with a net profit of €91.8 million compared to a loss of €690.4 million in 2020. Revenue increased by 27.8% year-on-year to €2.14 billion, supported by a 32% rise in passenger traffic at Frankfurt Airport. The company achieved a Group EBITDA of €757 million, up from a loss of €250.6 million in 2019. Looking ahead, Fraport anticipates 2022 traffic between 39 to 46 million, with projected revenue around €3 billion.
Fraport AG reported significant revenue growth in Q3 and the first nine months of 2021, driven by strong holiday travel recovery and one-off financial compensations. Q3 revenue increased by 79.5% to €633.8 million, with net profit reaching €102.6 million, a significant improvement from last year's losses. The company has raised its 2021 revenue outlook to over €2 billion and expects passenger traffic at Frankfurt Airport to recover to 20-25 million by year-end. However, pre-pandemic levels are still projected to be met by 2025 or later.
The Fraport Group reported a net profit of €15.4 million for H1 2021, marking a significant recovery supported by government compensation and cost reductions. Passenger traffic at Frankfurt Airport surged, with June figures up 200% YoY to 1.8 million. Despite a 10.9% revenue decline to €810.9 million, operational improvements led to a positive EBITDA of €335.3 million. Fraport forecasts 20-25 million passengers for 2021, adjusting EBITDA expectations upward to €460-610 million, aided by additional pandemic compensation payments.
Fraport Group reported a 41.8% decline in revenue for Q1 2021, totaling €385 million, as passenger traffic fell by 77.6% year-on-year due to the Covid-19 pandemic. The Group incurred a net loss of €77.5 million, worsened from €35.7 million in Q1 2020. A positive EBITDA of €40.2 million was achieved, mainly due to cost reductions of 28% in Frankfurt and a notable agreement generating €57.8 million in additional revenue. Despite challenges, Fraport anticipates a recovery in passenger traffic and forecasts Group revenue near €2 billion for 2021.
Fraport AG reported a significant impact from the Covid-19 pandemic in its fiscal year 2020, with a staggering 54.7% decline in Group revenue, totaling €1.68 billion. The company recorded a negative net profit of €690.4 million, marking its first loss in 20 years. Despite reducing operating expenses by nearly 30%, the severe drop in passenger traffic—73.4% at Frankfurt Airport—led to drastic measures, including job cuts and postponed capital investments. The outlook for 2021 predicts revenue of around €2 billion but acknowledges ongoing challenges.
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