Glossary
Adjusted EBIT
EBIT + Earnings before taxes of the Group companies accounted for using the equity method
Annual performance of the Fraport share
(Year-end closing price of the Fraport share - previous year-end closing price + dividend per share)/ previous year-end closing price
Capital Employed
Net financial debt + shareholders’ equity1)
Debt-to-equity ratio
Net financial debt/total assets
Dividend yield
Dividend per share/year-end closing price of the share
Dynamic debt ratio
Net financial debt/cash flow from operating activities (operating cash flow)
Earnings per Share (EPS)
Profit attributable to shareholders of Fraport AG/ weighted number of shares
EBIT
Abbreviation for: earnings before interest and taxes
EBIT margin
EBIT/revenue
EBITDA
Abbreviation for: earnings before interest, taxes, depreciation and amortization
EBITDA margin
EBITDA/revenue
EBT
Abbreviation for: earnings before taxes
Euribor
Abbreviation for: European Interbank Offered Rate = Interest rate used by European banks when trading fixed-term deposits with each other. It is one of the most important reference interest rates, among European bonds, bearing floating interest payments.
Fraport Assets
Goodwill + other intangible assets at cost/2 + investments in airport operating projects at cost/2 + construction in progress and lands at cost + other property, plant and equipment at cost/2 + carrying amounts of the group companies accounted for using the equity method and other investments + inventories + trade accounts receivable – current trade accounts payable
Free cash flow
Cash flow from operating activities – effects resulting from the application of IFRS 16 – investments in airport operating projects (excluding payments to acquire Group companies and concessions) – capital expenditure for other intangible assets – capital expenditure in property, plant, and equipment – investments for “investment property” – capital expenditure in companies accounted for using the equity method + dividends from companies accounted for using the equity method
Gearing ratio
Net financial debt/shareholders’ equity1)
Liquidity
Cash and cash equivalents (as at the statement of financial position) + short-term realizable items in “other financial assets” and “other receivables and financial assets”
Lost Time Injury Rate (LTIF)
Number of accidents at work/hours worked (in millions)
Market capitalization
Year-end closing price of the Fraport share × number of shares
Net financial debt
Non-current financial liabilities + current financial liabilities – liquidity
Net financial debt to EBITDA
Net financial debt/EBITDA
Operating expenses
Material expenses + personnel expenses + other operating expenses
Price-earnings ratio
Year-end closing price of the Fraport share/earnings per share (basic)
Return on revenue
EBT/revenue
Return on shareholders’ equity
Profit attributable to shareholders of Fraport AG/shareholders’ equity1)
Revenue adjusted for IFRIC 12
Revenue according to the consolidated income statement – Contract revenue from construction and expansion services
according to IFRIC 12
ROFRA
Abbreviation for: return on Fraport assets = adjusted EBIT/Fraport assets
Shareholders’ equity ratio
Shareholders’ equity1)/total assets
Sickness rate
Sick days/planned days × 100 excluding absences beyond sick pay (so called extended sick leave)
Total employees
Employees of Fraport AG and fully-consolidated Group companies as at the balance sheet date (including temporary staff,
apprentices, and employees on leave)
Working capital
Current assets – trade accounts payable – other current liabilities
1) Shareholders’ equity less non-controlling interests and profit earmarked for distribution.