Dear Shareholders, we look back on 2022 as a turbulent and difficult year. The coronavirus pandemic became less threatening throughout the course of the year and passenger numbers in Frankfurt and internationally have fortunately recovered strongly…
mn
EBITDA
Increase by €272.8 million due to the positive traffic development at all sites.
mn
Group result
Clearly positive, despite write-off of loan receivables in connection with the activities at St. Petersburg Airport.
mn
Free Cash Flow
Slightly improved but due to continuing expansion measures still negative.
Number of employees
Headcount increase primarily in the operational areas in Frankfurt (+1,430).
m. t. CO2
CO2 emissions
Slight decrease (–6.5%) mainly due to the use of renewable electricity and the conversion of the vehicle fleet to electromobility.
Passengers at FRA
Passenger volumes only around 30% below pre-crisis levels.
| Financial performance indicators | |||
|---|---|---|---|
| in € mn | 2022 | 2021 | Change in % |
| Revenue | 3,194.4 | 2,143.3 | +49.0 |
| Revenue adjusted for IFRIC 12 | 2,863.3 | 1,901.6 | +50.6 |
| EBITDA | 1,029.8 | 757.0 | +36.0 |
| Group result | 166.6 | 91.8 | +81.5 |
| Earnings per share (basic) (€) | 1.43 | 0.90 | +58.9 |
| Dividend per share | 0.00 1) | 0.00 | – |
| Free cash flow | –741.0 | –772.3 | +4.1 |
| Total assets | 17,607.6 | 16.240.0 | +8.4 |
| Shareholders’ equity ratio (%) | 22.2 | 23.1 | – |
| Group liquidity | 3,866.9 | 3,564.3 | +8.5 |
| Net financial debt | 7,058.7 | 6,369.7 | +10.8 |
| Net financial debt to EBITDA | 6.9 | 8.4 | –17.9 |
| EBITDA margin (%) | 32.2 | 35.3 | – |
| ROFRA (%) | 6.0 | 3.4 | – |
| Gearing ratio (%) | 180.6 | 169.7 | – |
1) No dividend proposed.
| Non-financial performance indicators | |||
|---|---|---|---|
| in € mn | 2022 | 2021 | Change in % |
| Number of employees as of December 31 | 19,211 | 17,781 | +1,430 |
| Average number of employees | 18,850 | 18,419 | +431 |
| Global satisfaction of passengers (Group) in % | 80 | – 1) | – |
| Employee satisfaction (Group) | 4.76 | – 1) | – |
| Women in management positions (1st level, Germany) in % | 23.1 | – 2) | – |
| Women in management positions (2nd level, Germany) in % | 31.6 | – 2) | – |
| Sickness rate (Germany) in % | 8.7 | 6,7 | +2.0 PP |
| CO2 emissions (Group) (Scope 1 und 2) in m. t. | 155,449 | 166,208 3) | –10,759 |
1) Due to the impact of the coronavirus pandemic, this statistic was not collected in 2021.
2) Until 2021, the figure was reported combined for the first and second level below the Executive Board.
3) Due to subsequent verifications 2021 number changed.
Fraport sells stake in Xi'an Airport
Fraport sold its entire 24.5 percent stake for a price of RMB 1.11 billion to Chang'an Huitong Co., Ltd. This marked the end of 14 years of involvement in the airport, during which the airport was successfully transformed from a medium-sized regional airport with about ten million passengers to one of the largest airports in China with more than 40 million passengers.
Fraport and TAV pay upfront fee for the new operating concession at Antalya Airport
The joint venture between Fraport AG and TAV Airports Holding paid Türkiye’s state airports authority (DHMI) the required upfront fee of €1,81 billion for the new 25-year concession to operate Antalya Airport.
Photovoltaic share continues to grow
In order to increase the proportion of green electricity Fraport installed a photovoltaic system at the Runway West at Frankfurt Airport with 20 PV panels and an output of 8.4 kilowatts. Perspectively, Fraport would like to expand this three-row along the entire Runway West. In the final stage of expansion, the system is to extend over a length of 2,600 meters parallel to the runway and then gene-rate a peak output of up to 13 megawatts.
Terminal 3: New Sky Line presented
Once the new Terminal 3 starts operating in 2026, the new Sky Line train will complement the existing transportation system at Frankfurt Airport and connect the new Terminal 3 with the existing terminals. The first train of the new Sky Line railroad was unveiled in November 2022. When the new railroad goes into operation, up to 4,000 people per hour and direction will travel to and from Terminal 3.
Change in the Executive Board
Julia Kranenberg joins the Executive Board team of Fraport AG as the new Executive Director Labor Relations. Ms. Kranenberg suc-ceeds Michael Müller, whose contract expired for reasons of age on September 30, 2022. "I am very much looking forward to contributing my strength, experience and energy to lead Fraport into a positive and successful future."
LAP Signs USD 1,25 Million Financing Agreement for Lima Airport Expansion
The financing is intended for the i nfrastructure and expansion measures at the Jorge Chávez International Airport in Lima, Peru's capital city. The construction measures for the airside expansion, such as a second runway and a new tower have already been completed. The new passenger terminal is scheduled to go into operation at the beginning of 2025.