Structure
Changes Compared with the Previous Year
With effect from January 1, 2024, Fraport has converted the “Human Resources” central unit and the “HR Top Executives” unit into a new organization, which now comprises the two central units “HR Operations” and “HR People & Culture.” With effect from March 1, 2024, the “Central Purchasing, Construction Contracts” central unit was renamed “Procurement, Claim and Mobility.”
In December 2024, the Supervisory Board of Fraport AG decided to re-appoint Julia Kranenberg as Labor Relations Director. This will extend her contract as a member of the Executive Board until October 31, 2030.
Beyond that, there were no substantial events affecting the legal and organizational Group structure in the 2024 fiscal year.
Legal Structure of the Group
As the parent company of the Fraport Group, Fraport AG directly or indirectly holds the shares in the other Group companies and has its registered office in Frankfurt/Main, Federal Republic of Germany. As at December 31, 2024 there were 53 consolidated companies excluding companies accounted for using the equity method, and 75 companies including companies accounted for using the equity method (in the previous year: 56 and 78 companies, respectively). For a detailed overview of the shareholdings within the Group, please see Group notes, note 57.
Organizational Structure of the Group
As a management body, the Executive Board bears the strategic and operational responsibility for the Group. At the time of preparing the consolidated financial statements, the Executive Board consisted of the five members Dr. Stefan Schulte (Chair), Anke Giesen (Member of the Executive Board and Executive Director Retail & Real Estate), Julia Kranenberg (Member of the Executive Board and Executive Director Ground Handling and Labor Relations Director), Dr. Pierre Dominique Prümm (Member of the Executive Board and Executive Director Aviation and Infrastructure), and Prof. Matthias Zieschang (Member of the Executive Board and Executive Director Controlling and Finance).
For the purpose of managing the Group, the Executive Board has divided the business activities into four segments: “Aviation”, “Retail & Real Estate”, “Ground Handling”, which are largely active at the Frankfurt site, as well as “International Activities & Services”, which primarily includes the Group companies outside of Frankfurt. The segments encompass the strategic business units and service units of Fraport AG and include the Group companies involved in each of these business processes. The central units of Fraport AG in Frankfurt are responsible for Group-wide administrative services, among other things.
The Aviation segment mainly operates the land and airside infrastructure at the Frankfurt site. It therefore includes both the area of airport charges, which is legally regulated in Germany, and relevant security services. The regulated airport charges consist of passenger, landing, and takeoff fees, security fees, and parking fees. The Aviation segment is responsible for ensuring safe, efficient, and customer-oriented processes in the flight operating areas and terminals as well as the implementation of airport and air safety tasks in compliance with legal requirements.
The Retail & Real Estate segment is responsible in particular for the commercial development of the Frankfurt site, including the retail activities as well as real estate and land. Its activities extend from the management of buildings and facilities through to the management and development of the parking and retail areas and the renting of advertising space. In addition to the brick-and-mortar businesses at Frankfurt Airport, the focus is, among other things, on greater use of online retail offers and sales channels.
The Ground Handling segment consists of loading, baggage, and passenger services, airmail and luggage transport, and freight handling at Frankfurt Airport. The segment is primarily responsible for the quality of Frankfurt Airport’s role as a hub, characterized by transfer processes. The provision of the central infrastructure, in particular the baggage transfer system, is also allocated to this segment.
The International Activities & Services segment includes in particular the acquisition, operation, development, and expansion of airports abroad. Consulting services, including in the “Operational Readiness and Airport Transfer” (ORAT) section, are additionally provided. The segment also includes Fraport AG service units that provide central services for the Fraport Group.
As at December 31, 2024, the organizational structure of the Fraport Group was as follows:
A detailed description of the structure and operation of the management and control body is presented in the “Combined Statement on Corporate Governance.” The annually updated “Combined Statement on Corporate Governance” does not form part of the audit by the auditor.