Share Performance 2024
Although there was a positive development overall in the 2024 trading year, on closer inspection there was a mixed picture with strong growth momentum in the USA, continued weak Chinese economic output, and declining economic momentum in Europe over the course of the year. The focus was once again on global inflation developments, as well as key interest rate decisions and ongoing geopolitical crises, including the Russian war of aggression against Ukraine and the war between Israel and the Islamist militias Hamas and Hezbollah. The fall of the Assad regime in Syria and uncertainty regarding the political future in France and Germany also led to uncertainty on the stock markets.
In this tense environment, the German leading share index DAX rose by 18.9%, thus continuing its growth trend from the previous year. For the first time in its history, the DAX exceeded the 20,000 points mark and reached a record high of 20,522 points in December 2024. It closed the year slightly below this mark at 19,909 points. The index for medium-sized stocks MDAX, on the other hand, fell by –5.7% over the year and ended 2024 at 25,589 points.
The Fraport share continued its recovery in 2024 compared to its pre-coronavirus level. It achieved growth of 6.8%, with a year-end closing price of €58.50. The Fraport share had a weak start to the year with restrictions imposed on traffic in Frankfurt due to strikes and weather conditions. The months of February and March were particularly affected, which resulted in a decline of 10.8% over the quarter compared to the beginning of the year. While key interest rate expectations and an upturn in the operational performance in Frankfurt boosted the share price in May, these expectations were disappointed in June, partly as a result of the weakening momentum of the recovery in traffic. Overall, the second quarter saw a 6.2% decline in the share price. After the share continued to develop weakly over the remainder of the summer, it achieved growth of 9.5% in September, driven by the development of global equity markets – due in part to key interest rate expectations. The third quarter thus closed with a slight increase of 2.4% compared to the closing price of the second quarter. The announcement of the signing of a multi-year framework wage agreement for Frankfurt Airport led to a strong share performance at the end of the year. As a result, the Fraport share reached its highest price of the year of €58.90 on December 27, 2024, and ended the trading year at a price of €58.50. The fourth quarter thus saw a substantial increase of 16.9%.
The market capitalization of Fraport shares, including strategic shareholders not included in the free float, amounted to around €5.4 billion at the end of the year (previous year: €5.1 billion). Based on market capitalization, the share was the 17th largest stock among the 50 MDAX shares. After deducting the strategic shareholdings of the State of Hesse, the City of Frankfurt, Deutsche Lufthansa, and the treasury shares, the index-relevant market capitalization amounted to almost €2.1 billion (previous year: €2.0 billion). With an average of 148,432 shares traded daily, the trading volume in 2024 was on a par with the previous year’s volume of 149,982.
| Fraport share | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
| Opening price in € | 54.76 | 38.05 | 59.18 | 49.36 | 75.78 | 62.46 | 91.86 | 56.17 |
| Closing price in € | 58.50 | 54.76 | 38.05 | 59.18 | 49.36 | 75.78 | 62.46 | 91.86 |
| Change in € | +3.74 | +16.71 | –21.13 | +9.82 | –26.42 | +13.32 | –29.40 | +35.69 |
| Change in % | +6.8 | +43.9 | –35.7 | +19.9 | –34.9 | +21.3 | –32.0 | +63.5 |
| Highest price in € (daily closing price) | 58.90 | 56.80 | 67.62 | 68.30 | 75.50 | 78.68 | 96.94 | 91.86 |
| Lowest price in € (daily closing price) | 44.02 | 38.05 | 36.20 | 43.12 | 30.01 | 61.44 | 61.56 | 55.26 |
| Average price in € (daily closing prices) | 49.77 | 49.10 | 48.08 | 55.58 | 44.52 | 73.20 | 79.18 | 74.12 |
| Average trading volume per day (number) | 148,432 | 149,680 | 202,994 | 256,728 | 398,143 | 128,953 | 160,367 | 173,015 |
| Market capitalization in € million (year-end closing price) | 5,409 | 5,064 | 3,518 | 5,472 | 4,564 | 7,007 | 5,776 | 8,494 |
The shares of other listed European airports performed as follows in 2024: AENA +20.1%, Aéroports de Paris –5.7%, Vienna Airport +5.8%, and Zurich Airport +23.9%.
Source: Nasdaq
Source: Nasdaq