Trbusiness. The travel retail Trbusiness. The magazine for global retail and duty free professionals.Retail drives Frankfurt 6.6% profits rise
By Administrator |
Frankfurt Airport operator Fraport has announced a 6.6% rise in 2006 profits, driven in part by its healthy airport retail business.
Earnings before interest, tax, depreciation and amortization (EBITDA) grew to E.578.4m ($758.4m) while full-year sales rose 2.6% to E.2.144bn ($2.81bn).
Fraport said Frankfurt passenger numbers should rise by more than 1% this year.
In the fourth quarter, EBITDA fell to E.91.5m ($120m) from E.103.7m ($135.9m) a year earlier. Sales fell slightly to E.524.3m ($687.3m).
Retail revenue per passenger rose to E.2.56 in 2006 from E.2.26 in the previous year, while full-year traffic at Frankfurt Airport increased by just 1.1% to 52.82m passengers in 2006.
OUT NOW: TRBusiness Aug/Sep 2024 e-zine
The TRBusiness August/September e-zine is now live and ready to view – click here or scroll...
Optimism levels tumble Q2 TR Confidence Tracker
Optimism levels among respondents to the Q2 2024 TR Confidence Tracker, sponsored by Suntory...
Estée Lauder reports continued struggles in mainland China and GTR
The Estée Lauder Companies reported net sales of $15.61bn for the fiscal year ended 30 June...
In the Magazine
TRBusiness Magazine is free to access. Read the latest issue now.
