Ten-Year Overview
Consolidated income statement1) |
||||||||||
€ million |
2022 |
2021 |
2020 |
2019 |
2018 |
2017 |
2016 |
2015 |
2014 |
2013 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenues |
3,194.4 |
2,143.3 |
1,677.0 |
3,705.8 |
3,478.3 |
2,934.8 |
2,586.2 |
2,598.9 |
2,394.6 |
2,375.7 |
Change in work-in-process |
0.0 |
0.0 |
0.0 |
0.4 |
0.3 |
0.4 |
0.4 |
0.5 |
0.6 |
0.6 |
Other internal work capitalized |
39.9 |
38.0 |
37.9 |
37.9 |
35.9 |
36.3 |
34.9 |
29.9 |
28.3 |
32.3 |
Other operating income |
139.3 |
354.6 |
81.8 |
40.9 |
88.2 |
38.9 |
332.9 |
49.8 |
42.5 |
32.5 |
Total revenue |
3,373.6 |
2,535.9 |
1,796.7 |
3,785.0 |
3,602.7 |
3,010.4 |
2,954.4 |
2,679.1 |
2,466.0 |
2,441.1 |
Cost of materials |
–1,101.6 |
–750.7 |
–688.6 |
–1,197.4 |
–1,089.1 |
–720.4 |
–621.9 |
–610.4 |
–533.3 |
–595.2 |
Personnel expenses |
–1,036.7 |
–884.3 |
–1,212.1 |
–1,222.8 |
–1,182.3 |
–1,092.9 |
–1,066.7 |
–1,026.7 |
–970.4 |
–928.9 |
Other operating expenses |
–205.5 |
–143.9 |
–146.6 |
–184.5 |
–202.3 |
–193.9 |
–211.7 |
–193.2 |
–172.2 |
–184.1 |
EBITDA |
1,029.8 |
757.0 |
-250.6 |
1,180.3 |
1,129.0 |
1,003.2 |
1,054.1 |
848.8 |
790.1 |
732.9 |
Depreciation and amortization |
–465.3 |
–443.3 |
–457.5 |
–475.3 |
–398.5 |
–360.2 |
–360.4 |
–328.3 |
–307.3 |
–294.3 |
Operating result/EBIT |
564.5 |
313.7 |
–708.1 |
705.0 |
730.5 |
643.0 |
693.7 |
520.5 |
482.8 |
438.6 |
Interest result |
–260.5 |
–224.9 |
–165.8 |
–165.0 |
–168.4 |
–157.5 |
–106.9 |
–125.6 |
–141.1 |
–136.0 |
Result from companies accounted for using |
77.0 |
18.8 |
–55.0 |
46.1 |
98.8 |
30.9 |
–4.6 |
37.6 |
43.5 |
18.5 |
Other financial result |
–147.1 |
8.8 |
–4.3 |
3.9 |
9.5 |
–10.3 |
–0.8 |
1.3 |
–10.5 |
10.4 |
Financial result |
–330.6 |
–197.3 |
–225.1 |
–115.0 |
–60.1 |
–136.9 |
–112.3 |
–86.7 |
–108.1 |
–107.1 |
Result from ordinary operations/EBT |
233.9 |
116.4 |
–933.2 |
590.0 |
670.4 |
506.1 |
581.4 |
433.8 |
374.7 |
331.5 |
Taxes on income |
–67.3 |
–24.6 |
242.8 |
–135.7 |
–164.7 |
–146.4 |
–181.1 |
–136.8 |
–122.9 |
–95.8 |
Group result |
166.6 |
91.8 |
–690.4 |
454.3 |
505.7 |
359.7 |
400.3 |
297.0 |
251.8 |
235.7 |
thereof profit attributable to |
34.2 |
9.0 |
–32.8 |
33.6 |
31.8 |
29.5 |
24.9 |
20.5 |
17.1 |
14.7 |
thereof profit attributable to |
132.4 |
82.8 |
–657.6 |
420.7 |
473.9 |
330.2 |
375.4 |
276.5 |
234.7 |
221.0 |
Earnings per €10 share in € (basic) |
1.43 |
0.90 |
–7.12 |
4.55 |
5.13 |
3.57 |
4.07 |
3.00 |
2.54 |
2.40 |
Earnings per €10 share in € (diluted) |
1.43 |
0.89 |
–7.09 |
4.54 |
5.11 |
3.56 |
4.06 |
2.99 |
2.54 |
2.39 |
Key figures |
2022 |
2021 |
2020 |
2019 |
2018 |
2017 |
2016 |
2015 |
2014 |
2013 |
Operating cash flow in € million |
787.3 |
392.6 |
–236.2 |
952.3 |
802.3 |
818.7 |
583.2 |
652.2 |
506.2 |
454.2 |
Free cash flow in € million |
–741.0 |
–772.3 |
–1,400.0 |
–373.5 |
6.8 |
393.1 |
301.7 |
393.6 |
246.8 |
34.3 |
EBITDA margin in % |
32.2 |
35.3 |
–14.9 |
31.9 |
32.5 |
34.2 |
40.8 |
32.7 |
33.0 |
30.8 |
EBIT margin in % |
17.7 |
14.6 |
–42.2 |
19.0 |
21.0 |
21.9 |
26.8 |
20.0 |
20.2 |
18.5 |
Return on revenue in % |
7.3 |
5.4 |
–55.6 |
15.9 |
19.3 |
17.2 |
22.5 |
16.7 |
15.6 |
14.0 |
Fraport assets in € million |
11,383.8 |
10,208.6 |
9,249.3 |
8,952.4 |
7,688.8 |
6,965.8 |
6,069.2 |
6,071.0 |
5,830.5 |
5,061.7 |
ROFRA in % |
6.0 |
3.4 |
–8.3 |
8.8 |
11.1 |
10.0 |
11.4 |
9.4 |
9.2 |
8.7 |
Year-end closing price of the Fraport share in € |
38.05 |
59.18 |
49.36 |
75.78 |
62.46 |
91.86 |
56.17 |
58.94 |
48.04 |
54.39 |
Dividend per share in € |
0.00 |
0.00 |
0.00 |
0.00 |
2.00 |
1.50 |
1.50 |
1.35 |
1.35 |
1.25 |
Passenger numbers Frankfurt |
48,918,482 |
24,812,849 |
18,768,601 |
70,556,072 |
69,510,269 |
64,500,386 |
60,786,937 |
61,032,022 |
59,566,132 |
58,036,948 |
Average number of employees |
18,850 |
18,419 |
21,164 |
22,514 |
21,961 |
20,673 |
20,322 |
20,720 |
20,395 |
20,481 |
Financial position key figures |
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
Profit earmarked for distribution in € million |
0.0 |
0.0 |
0.0 |
184.9 |
184.9 |
138.7 |
138.7 |
124.7 |
124.7 |
115.4 |
Net financial debt in € million |
7,058.7 |
6,369.7 |
5,533.5 |
4,147.0 |
3,545.4 |
3,512.4 |
2,355.9 |
2,774.3 |
3,012.8 |
2,870.6 |
Capital employed in € million |
10,968.1 |
10,122.8 |
9,152.3 |
8,590.1 |
7,540.8 |
7,241.8 |
5,957.5 |
6,086.9 |
6,109.2 |
5,808.3 |
Net debt/EBITDA |
6.9 |
8.4 |
–22.1 |
3.5 |
3.1 |
3.5 |
2.2 |
3.3 |
3.8 |
3.9 |
Gearing ratio in % |
180.6 |
169.7 |
152.9 |
93.3 |
88.7 |
94.2 |
65.4 |
83.8 |
97.3 |
97.7 |
Debt-to-equity ratio in % |
40.1 |
39.2 |
39.3 |
32.8 |
31.0 |
32.4 |
26.6 |
31.4 |
33.4 |
32.6 |
Dynamic debt ratio in % |
896.6 |
1,622.4 |
-2,342.7 |
435.5 |
441.9 |
444.2 |
404.0 |
425.4 |
595.2 |
632.0 |
Working capital in € million |
2,432.6 |
2,608.3 |
1,675.6 |
558.4 |
717.9 |
575.1 |
840.9 |
606.0 |
626.6 |
797.6 |
Group Liquidity in € million |
3,866.9 |
3,564.3 |
2,213.7 |
1,156.3 |
1,163.2 |
1,018.6 |
1,247.5 |
1,043.1 |
1,179.6 |
1,368.1 |
Consolidated statement of financial position1) |
||||||||||
€ million |
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|
Goodwill |
19.3 |
19.3 |
19.3 |
19.3 |
19.3 |
19.3 |
19.3 |
41.7 |
41.7 |
22.7 |
Investments in airport operating projects |
3,769.1 |
3,416.4 |
3,221.2 |
3,284.1 |
2,844.3 |
2,621.1 |
516.1 |
500.9 |
479.2 |
458.1 |
Other intangible assets |
95.9 |
105.8 |
119.1 |
131.1 |
134.5 |
132.4 |
146.7 |
161.2 |
157.1 |
51.1 |
Property, plant, and equipment |
8,371.8 |
7,898.4 |
7,330.3 |
6,837.9 |
6,081.7 |
5,921.5 |
5,954.2 |
6,045.4 |
6,127.7 |
5,962.3 |
Investment property |
69.1 |
88.6 |
123.3 |
93.3 |
88.8 |
96.4 |
79.6 |
74.5 |
63.0 |
47.7 |
Investments in companies accounted for |
491.4 |
71.3 |
165.5 |
242.2 |
260.0 |
268.1 |
209.7 |
237.6 |
216.9 |
194.9 |
Other financial assets |
1,173.4 |
932.3 |
350.3 |
503.0 |
426.1 |
488.6 |
561.7 |
659.2 |
773.3 |
728.6 |
Other receivables and financial assets |
216.6 |
276.6 |
233.2 |
193.7 |
195.0 |
190.9 |
173.3 |
167.0 |
181.1 |
172.2 |
Income tax receivables |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.2 |
5.4 |
10.2 |
20.3 |
Deferred tax assets |
159.5 |
182.6 |
175.8 |
78.6 |
56.7 |
41.0 |
36.9 |
33.4 |
31.1 |
27.9 |
Non-current assets |
14,366.1 |
12,991.3 |
11,971.2 |
11,576.9 |
10,106.4 |
9,779.3 |
7,697.7 |
7,926.3 |
8,081.3 |
7,685.8 |
Inventories |
25.5 |
20.3 |
22.3 |
23.6 |
28.9 |
29.3 |
37.9 |
42.8 |
43.7 |
42.3 |
Trade accounts receivable |
177.1 |
152.3 |
125.4 |
203.1 |
177.9 |
143.5 |
129.6 |
154.0 |
174.7 |
174.4 |
Other receivables and financial assets |
409.0 |
272.7 |
321.0 |
203.3 |
304.3 |
245.5 |
259.7 |
310.8 |
297.6 |
426.4 |
Income tax receivables |
33.3 |
20.9 |
10.1 |
25.2 |
13.1 |
5.4 |
11.9 |
7.4 |
7.7 |
1.0 |
Cash and cash equivalents |
2,585.2 |
2,662.8 |
1,864.4 |
788.9 |
801.3 |
629.4 |
736.0 |
406.0 |
401.1 |
486.9 |
Current assets |
3,230.1 |
3,129.0 |
2,664.2 |
1,447.4 |
1,325.5 |
1,053.1 |
1,175.1 |
921.0 |
924.8 |
1,131.0 |
Non-current assets held for sale |
11.4 |
119.7 |
0.0 |
0.0 |
17.2 |
0.0 |
0.0 |
0.0 |
7.1 |
0.0 |
Issued capital |
923.9 |
923.9 |
923.9 |
923.9 |
923.9 |
923.9 |
923.6 |
923.1 |
922.7 |
922.1 |
Capital reserve |
598.5 |
598.5 |
598.5 |
598.5 |
598.5 |
598.5 |
596.3 |
594.3 |
592.3 |
590.2 |
Revenue reserves |
2,387.0 |
2,230.7 |
2,096.4 |
2,920.7 |
2,657.9 |
2,345.7 |
2,220.4 |
1,919.9 |
1,706.1 |
1,540.8 |
Equity attributable to shareholders of Fraport AG |
3,909.4 |
3,753.1 |
3,675.8 |
4,443.1 |
4,180.3 |
3,868.1 |
3,740.3 |
3,437.3 |
3,221.1 |
3,053.1 |
Non-controlling interests |
222.5 |
155.9 |
139.9 |
180.1 |
187.7 |
160.6 |
101.1 |
74.4 |
64.9 |
45.7 |
Shareholders’ equity |
4,131.9 |
3,909.0 |
3,758.7 |
4,623.2 |
4,368.0 |
4,028.7 |
3,841.4 |
3,511.7 |
3,286.0 |
3,098.8 |
Financial liabilities |
9,716.0 |
9,306.4 |
6,936.5 |
4,746.8 |
4,100.3 |
3,955.6 |
3,236.9 |
3,273.8 |
3,874.3 |
3,948.1 |
Trade accounts payable |
62.3 |
71.8 |
42.6 |
41.4 |
45.5 |
42.4 |
41.8 |
42.5 |
47.1 |
50.8 |
Other liabilities |
1,168.0 |
1,193.4 |
1,147.7 |
1,279.4 |
1,016.7 |
1,090.1 |
408.0 |
447.7 |
497.5 |
491.7 |
Deferred tax liabilities |
41.3 |
37.7 |
39.7 |
212.7 |
228.3 |
203.8 |
173.6 |
172.2 |
158.7 |
107.2 |
Provisions for pensions and similar obligations |
31.7 |
41.7 |
46.7 |
40.2 |
31.7 |
34.2 |
33.2 |
30.7 |
33.7 |
26.7 |
Provisions for income taxes |
77.0 |
83.7 |
51.0 |
69.7 |
74.2 |
70.3 |
71.8 |
62.1 |
68.8 |
54.1 |
Other provisions |
136.3 |
160.7 |
196.5 |
158.7 |
160.2 |
147.2 |
147.2 |
201.6 |
228.0 |
223.9 |
Non-current liabilities |
11,232.6 |
10,895.4 |
9,631.7 |
7,828.3 |
5,656.9 |
5,543.6 |
4,112.5 |
4,230.6 |
4,908.1 |
4,902.5 |
Financial liabilities |
1,209.6 |
627.6 |
810.7 |
556.5 |
608.3 |
575.4 |
366.5 |
543.6 |
318.1 |
290.6 |
Trade accounts payable |
444.4 |
298.8 |
294.6 |
297.3 |
286.5 |
185.9 |
146.7 |
143.1 |
134.5 |
159.6 |
Other liabilities |
353.1 |
282.2 |
330.4 |
347.0 |
275.6 |
249.7 |
145.7 |
129.4 |
123.7 |
123.0 |
Provisions for income taxes |
24.7 |
29.4 |
43.1 |
59.7 |
43.9 |
33.1 |
42.9 |
56.0 |
14.7 |
7.7 |
Other provisions |
199.2 |
189.5 |
383.0 |
194.7 |
201.1 |
216.0 |
217.1 |
232.9 |
223.8 |
234.6 |
Current liabilities |
2,231.0 |
1,427.5 |
2,192.2 |
1,802.2 |
1,415.4 |
1,260.1 |
918.9 |
1,105.0 |
814.8 |
815.5 |
Liabilities in the context of non-current assets |
12.1 |
8.1 |
0.0 |
0.0 |
8.8 |
0.0 |
0.0 |
0.0 |
4.3 |
0.0 |
Total assets |
17,607.6 |
16,240.0 |
15,582.6 |
14,253.7 |
11,440.3 |
10,832.4 |
8,872.8 |
8,847.3 |
9,008.9 |
8,816.8 |
Change over the previous year in % |
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
Non-current assets |
+10.6 |
+8.5 |
+3.4 |
+14.6 |
+3.3 |
+27.0 |
–2.9 |
0.0 |
0.0 |
0.0 |
Shareholders’ equity (less non-controlling interests and profit earmarked for distribution) |
+4.2 |
+3.7 |
–18.6 |
+11.2 |
+7.1 |
+3.5 |
+8.7 |
+7.0 |
+5.4 |
0.0 |
Share of total assets in % |
||||||||||
Non-current assets |
81.6 |
80.0 |
76.8 |
81.2 |
88.3 |
90.3 |
86.8 |
89.6 |
89.7 |
87.2 |
Shareholders’ equity ratio |
22.2 |
23.1 |
25.7 |
35.2 |
34.9 |
34.4 |
40.6 |
37.4 |
34.4 |
33.3 |