The Frankfurt airport operator returned to profitability in the second Corona year 2021 thanks to a certain recovery in passenger traffic.
Also because of crisis-related compensation payments, the bottom line was a surplus of almost 83 million euros after a loss of almost 658 million euros in the previous year, as Fraport announced in a broadcast. After 24,8 million passengers last year, CEO Stefan Schulte expects a further increase to 2022 to 39 million passengers in 46. This corresponds to 55 to 65 percent of the level from the pre-Corona year 2019. After sales rose by almost 2021 percent to a good 28 billion euros in 2,1, they are expected to increase further to around 3 billion euros in the current year.
However, earnings before interest, taxes, depreciation and amortization (Ebitda) should only increase to between 757 and 760 million euros after 880 million euros in the previous year. Because in 2021 Fraport had benefited from compensation payments and state compensation amounting to 320 million euros, which should not be repeated. The consolidated profit before minority interests of third parties should now reach 50 to 150 million euros. However, analysts had calculated more on average when it came to the earnings figures. The shareholders should be prepared for another zero round. Fraport does not want to pay a dividend for 2022 either and instead use the money to reduce debt.