Announcement • Mar 30
Fraport AG, Annual General Meeting, May 12, 2026 Fraport AG, Annual General Meeting, May 12, 2026, at 10:00 W. Europe Standard Time. Announcement • Mar 15
Fraport AG Provides Dividend Guidance for the Year 2026 Fraport AG announced after the Supervisory Board had already approved the 2026 business plan on December 12, 2025 – which, for the first time since the outbreak of the COVID-19 pandemic, includes a dividend payment of EUR 1.00 per share during the 2026 financial year – the Executive Board plans to align the future development of the annual dividend with the development of the Group’s leverage ratio. The intention is to propose to the Annual General Meeting of the respective financial year a constant dividend of EUR 1.00 per share. The company intends to pursue a dividend policy that provides for a payout ratio of around 60% to 80% of the Group result attributable to the shareholders of Fraport AG (Group result after minority interests). Announcement • Dec 13
Fraport AG announces Annual dividend, payable on May 15, 2026 Fraport AG announced Annual dividend of EUR 1.0000 per share payable on May 15, 2026, ex-date on May 13, 2026 and record date on May 14, 2026. Announcement • May 28
Fraport AG (XTRA:FRA) announces an Equity Buyback for 75,000 shares, representing 0.08% for €4.2 million. Fraport AG (XTRA:FRA) announces a share repurchase program. Under the program, the company will repurchase up to 75,000 shares, representing 0.08% of its share capital for €4.2 million. The shares will not be repurchased at a price higher than the higher of the price of the last independent trade and the highest current independent purchase bid on the trading venue where the purchase is carried out. The shares are repurchased to fulfill the obligations arising from the employee participation program. The repurchase program will continue until June 30, 2025. Announcement • Apr 14
Fraport AG, Annual General Meeting, May 27, 2025 Fraport AG, Annual General Meeting, May 27, 2025, at 10:00 W. Europe Standard Time. New Risk • Feb 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.6% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Reported Earnings • Nov 05
Third quarter 2024 earnings released: EPS: €2.49 (vs €2.55 in 3Q 2023) Third quarter 2024 results: EPS: €2.49 (down from €2.55 in 3Q 2023). Revenue: €1.37b (up 12% from 3Q 2023). Net income: €229.7m (down 2.5% from 3Q 2023). Profit margin: 17% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.8% growth forecast for the Infrastructure industry in Europe. Announcement • Sep 11
GMR Airports Infrastructure Limited (NSEI:GMRINFRA) entered into a Share Purchase Agreement to acquire an additional 10% stake in Delhi International Airport Limited from Fraport AG (XTRA:FRA) for approximately $130 million GMR Airports Infrastructure Limited (NSEI:GMRINFRA) entered into a Share Purchase Agreement to acquire an additional 10% stake in Delhi International Airport Limited from Fraport AG (XTRA:FRA) for approximately $130 million on September 9, 2024. A cash consideration of $126 million will be paid by GMR Airports Infrastructure Limited. As part of consideration, $126 million is paid towards common equity of Delhi International Airport Limited. Upon completion, GMR Airports Infrastructure Limited will own 74% stake in Delhi International Airport Limited.
The transaction is subject to approval by regulatory board / committee and approval of offer by acquirer shareholders. The expected completion of the transaction is March 10, 2025. Announcement • Sep 10
GMR Airports Plans to Buy Fraport's 10% to Increase Stake in Delhi Airport GMR Airports Infrastructure Limited (NSEI:GMRINFRA) planned to increase its stake in Delhi International Airport Limited, India's largest, to 74% by acquiring an additional 10% from Fraport AG Frankfurt Airport Services Worldwide (Fraport AG) (XTRA:FRA) for around $126 million. The transaction, subject to the approval of the Airports Authority of India and shareholders, is expected to be concluded within 180 days of executing the share-purchase agreement, the company informed the stock exchanges after the close of market hours on Monday. State-run AAI owns 26% of the paid-up capital of Delhi airport. The proposed stake sale by Fraport meets Sebi's requisite related-party transaction norms, GMR Airports said in the statement. In January 2006, the GMR group-led consortium was awarded the concession to operate, manage and develop the Indira Gandhi International Airport of Delhi following an international competitive bidding process. The initial term of the concession period is 30 years, extendable by another 30 years. The consortium of GMR Group (54%), Malaysia Airports (Naiga) Sdn Bhd (10%) and Fraport AG Frankfurt Services Worldwide (10%) signed the operations, management and development agreement on 4 April 2006 with the AAI (26%). In 2015, GMR group increased its stake in Delhi airport to 64% by acquiring 10% equity for around $79 million from Malaysia Airports Holdings Berhad, which sold the minority stake as it did not give it any "influence" in the venture. Delhi airport is India's largest and busiest, managing about 20% of the country's domestic and international traffic. In FY24, it handled 73.7 million passengers, up 12.8% from the previous financial year. Delhi airport's three terminals have an annual capacity of around 104 million passengers. "The acquisition of additional stake in DIAL is in line with our objective of consolidating our presence in core assets of the Group and signifies the importance of Delhi airport in the overall Group portfolio," said Kiran Kumar Grandhi, corporate chairman of GMR Group, in the statement. Fraport is a German transport company that operates the airport in Frankfurt am Main and holds interests in the operation of several other airports around the world. It also offers ground-handling services. Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: €1.45 (vs €1.11 in 2Q 2023) Second quarter 2024 results: EPS: €1.45 (up from €1.11 in 2Q 2023). Revenue: €1.18b (up 12% from 2Q 2023). Net income: €133.9m (up 31% from 2Q 2023). Profit margin: 11% (up from 9.7% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Infrastructure industry in Europe. Announcement • May 25
Fraport AG (XTRA:FRA) announces an Equity Buyback for 75,000 shares, representing 0.08% for €4 million. Fraport AG (XTRA:FRA) announces a share repurchase program. Under the program, the company will repurchase up to 75,000 shares, representing 0.08% of its share capital for €4 million. The shares will not be repurchased at a price higher than the higher of the price of the last independent trade and the highest current independent purchase bid on the trading venue where the purchase is carried out. The shares are repurchased to fulfill the obligations arising from the employee participation program. The repurchase program will continue until June 30, 2024. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: €0.18 (vs €0.23 loss in 1Q 2023) First quarter 2024 results: EPS: €0.18 (up from €0.23 loss in 1Q 2023). Revenue: €939.8m (up 21% from 1Q 2023). Net income: €16.3m (up €37.9m from 1Q 2023). Profit margin: 1.7% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Infrastructure industry in Europe. Buy Or Sell Opportunity • Apr 03
Now 21% overvalued Over the last 90 days, the stock has fallen 9.5% to €47.87. The fair value is estimated to be €39.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 5.6% per annum over the same time period. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: €4.26 (vs €1.43 in FY 2022) Full year 2023 results: EPS: €4.26 (up from €1.43 in FY 2022). Revenue: €4.05b (up 25% from FY 2022). Net income: €393.2m (up 197% from FY 2022). Profit margin: 9.7% (up from 4.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Infrastructure industry in Europe. New Risk • Mar 20
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.3% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Buying Opportunity • Dec 12
Now 20% undervalued Over the last 90 days, the stock is up 7.7%. The fair value is estimated to be €69.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings is also forecast to grow by 13% per annum over the same time period. Reported Earnings • Nov 08
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €1.25b (up 21% from 3Q 2022). Net income: €235.7m (up 106% from 3Q 2022). Profit margin: 19% (up from 11% in 3Q 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Infrastructure industry in Europe. New Risk • Nov 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Bulgarian stocks, typically moving 4.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (4.9% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: €1.11 (vs €0.64 in 2Q 2022) Second quarter 2023 results: EPS: €1.11 (up from €0.64 in 2Q 2022). Revenue: €1.05b (up 28% from 2Q 2022). Net income: €102.3m (up 73% from 2Q 2022). Profit margin: 9.7% (up from 7.2% in 2Q 2022). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Infrastructure industry in Europe. Announcement • May 23
Fraport AG (XTRA:FRA) announces an Equity Buyback for 75,000 shares, representing 0.08% for €4 million. Fraport AG (XTRA:FRA) announces a share repurchase program. Under the program, the company will repurchase up to 75,000 shares, representing 0.08% of its share capital for €4 million. The shares will not be repurchased at a price higher than the higher of the price of the last independent trade and the highest current independent purchase bid on the trading venue where the purchase is carried out. The shares are repurchased to fulfill the obligations arising from the employee participation program. The repurchase program will continue until June 30, 2023. Reported Earnings • May 05
First quarter 2023 earnings released: €0.23 loss per share (vs €1.17 loss in 1Q 2022) First quarter 2023 results: €0.23 loss per share (improved from €1.17 loss in 1Q 2022). Revenue: €808.2m (up 47% from 1Q 2022). Net loss: €21.6m (loss narrowed 80% from 1Q 2022). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Infrastructure industry in Europe. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: €1.43 (vs €0.90 in FY 2021) Full year 2022 results: EPS: €1.43 (up from €0.90 in FY 2021). Revenue: €3.23b (up 48% from FY 2021). Net income: €132.4m (up 60% from FY 2021). Profit margin: 4.1% (up from 3.8% in FY 2021). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Infrastructure industry in Europe. Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: €1.24 (vs €0.83 in 3Q 2021) Third quarter 2022 results: EPS: €1.24 (up from €0.83 in 3Q 2021). Net income: €114.7m (up 50% from 3Q 2021). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Infrastructure industry in Europe. Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: €0.64 (vs €0.92 in 2Q 2021) Second quarter 2022 results: EPS: €0.64 (down from €0.92 in 2Q 2021). Revenue: €883.9m (up 103% from 2Q 2021). Net income: €59.2m (down 31% from 2Q 2021). Profit margin: 6.7% (down from 20% in 2Q 2021). Over the next year, revenue is forecast to grow 23%, compared to a 19% growth forecast for the industry in Europe. Reported Earnings • May 12
First quarter 2022 earnings released: €1.17 loss per share (vs €0.70 loss in 1Q 2021) First quarter 2022 results: €1.17 loss per share (down from €0.70 loss in 1Q 2021). Revenue: €556.0m (up 41% from 1Q 2021). Net loss: €108.1m (loss widened 67% from 1Q 2021). Over the next year, revenue is forecast to grow 28%, compared to a 28% growth forecast for the industry in Europe. Reported Earnings • Mar 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €0.90 (up from €7.12 loss in FY 2020). Revenue: €2.18b (up 27% from FY 2020). Net income: €82.8m (up €740.4m from FY 2020). Profit margin: 3.8% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 30%, compared to a 32% growth forecast for the industry in Europe. 