To Our Shareholders

Share and Investor Relations

The 2022 trading year was largely impacted by the effects of Russia’s invasion of Ukraine. Rising inflation and energy prices as well as expected and implemented key interest rate increases had a dampening effect on the development of the stock markets. The German leading index DAX ended the fiscal year at 13,923 points, a significant fall of 12.3% compared to year-end 2021. MDAX also recorded a clearly negative development in 2022, closing the trading year down by 28.5% when compared with the beginning of the year, at 25,117 points. Nevertheless, there were also individual stocks that benefited from the current developments in 2022. These include companies in the defense and banking sectors.

After a noticeable recovery during the 2021 fiscal year, the Fraport share suffered greatly in the negative market environment of 2022 and closed 35.7% down at €38.05. After showing strong initial growth up to mid-February 2022 (+14.3%), the value of the Fraport share had fallen by a total of 14.7% by the end of Q1 following the Russian invasion of Ukraine. This development continued with losses of 17.8% in Q2 and 10.4% in Q3. Not only was the share price impacted by market developments, it was also affected by the company’s relatively high level of debt resulting from the coronavirus pandemic and the ongoing expansion investments in Frankfurt and Lima. After hitting its lowest value for the year on October 21 (€36.20), the Fraport share recovered against a backdrop of increasing market openings in the Far East, a slight fall in inflation, and the consequent prospect of smaller interest rate moves at the end of the year. Q4 closed with an overall increase of 2.3%.

The market capitalization of Fraport shares, including strategic shareholders not included in the free float, amounted to around €3.5 billion at the end of the year (previous year: €5.5 billion), which, based on market capitalization, made it the 28th largest stock among the 50 MDAX shares (previous year: 25th). With an average of 202,994 shares traded daily, the trading volume in 2022 was much lower than the previous year’s volume of 256,728.

Fraport share

2022

2021

2020

2019

2018

2017

2016

2015

Opening price in €

59.18

49.36

75.78

62.46

91.86

56.17

58.94

48.04

Closing price in €

38.05

59.18

49.36

75.78

62.46

91.86

56.17

58.94

Change in €

–21.13

+9.82

–26.42

+13.32

–29.40

+35.69

–2.77

+10.90

Change in %

–35.7

+19.9

–34.9

+21.3

–32.0

+63.5

–4.7

+22.7

Highest price in € (daily closing price)

67.62

68.30

75.50

78.68

96.94

91.86

58.94

62.30

Lowest price in € (daily closing price)

36.20

43.12

30.01

61.44

61.56

55.26

45.25

48.04

Average price in € (daily closing prices)

48.08

55.58

44.52

73.20

79.18

74.12

51.77

56.34

Average trading volume per day (number)

202,994

256,728

398,143

128,953

160,367

173,015

173,666

151,188

Market capitalization in € million (year-end closing price)

3,518

5,472

4,564

7,007

5,776

8,494

5,192

5,443

The shares of other listed European airports performed as follows in 2022:

AENA -15.1%, Aéroports de Paris +12.3%, Vienna Airport +20.2%, and Zurich Airport -11.4%.

Source: vwd Group / EQS Group AG