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 €2.4 billion (up 0.8 percent), EBITDA of about €790 million (up 7.8 percent) and a Group result of about €252 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 €1.35 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 €820 million to about €840 million, as well as Group result ranging from about €265 million to about €285 million – with dividend unchanged at €1.35 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.
Fraport 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.