Fraport AG (XTER:FRA)
€ 52.45 -1.05 (-1.96%) Market Cap: 4.94 Bil Enterprise Value: 2.00 Bil PE Ratio: 10.89 PB Ratio: 1.07 GF Score: 77/100
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Q2 2023 Fraport Frankfurt Airport Services Worldwide AG Earnings Call Transcript

Aug 08, 2023 / 12:00PM GMT
Release Date Price: €48.97 (+7.53%)
Christoph Hans Nanke
Fraport AG - Senior VP, Head of Finance & IR

Welcome also from my side to Fraport's Second Quarter Analyst Presentation for year '23. I'm here in the room with our CFO, Matthias Zieschang, he will guide you through the presentation. And afterwards, there will be, as always, time for your questions. So I think we can start.

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

Yes. Thank you very much. Good afternoon, ladies and gentlemen, also a warm welcome from my side. Let me start my presentation today with a closer look at our traffic performance at Frankfurt Airport in the first half of the fiscal year 2023. On Slide #3, you see that we had a modest start into the year with a recovery rate of just 75% to 80%. The reasons for the slow start were mainly continued capacity shortages in the Aviation sector, so Ground Handling services, airlines, aircraft, air traffic control, et cetera. The absence of intercontinental markets and therefore, connecting traffic to and

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