Fraport AG (XTER:FRA)
€ 51.75 -0.7 (-1.33%) Market Cap: 4.78 Bil Enterprise Value: 1.84 Bil PE Ratio: 10.74 PB Ratio: 1.06 GF Score: 76/100

Q2 2022 Fraport AG Frankfurt Airport Services Worldwide Earnings Call Transcript

Aug 09, 2022 / 12:00PM GMT
Release Date Price: €47.76 (+1.99%)
Christoph Hans Nanke
Fraport AG - Senior VP, Head of Finance & IR

Welcome. Hello, also from my side to Fraport analyst call today. I have with me in the room, our CFO, Matthias Zieschang, and he is ready to start the presentation now.

Matthias Zieschang
Fraport AG - Executive Director of Finance & Controlling, CFO and Member of the Executive Board

Yes. Thank you, Christoph. Welcome, ladies and gentlemen, also from my side to our H1 presentation. Let me start my presentation today with an overview on the past 6 months and a very positive message.

Having discussed COVID-19 now for more than 2 years, we are steadily leaving the pandemic behind. As a result, we experienced a strong traffic and potential recovery in Frankfurt and even stronger momentum in most of our international airports.

In addition to this very positive business development, we have streamlined our international portfolio with the exit of Xi'an Airport in China. The divestment of our 24.5% stake led to financial growth over and beyond our operational performances,

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