Fraport
{{Short description|German transport company which operates Frankfurt Airport}}
{{Infobox company
| logo = Fraport logo 2016.svg
| logo_size = 200px
| image = Fraport Konzernzentrale bei Nacht 2013.jpg
| image_size =
| image_caption = Fraport head office
| type = Aktiengesellschaft
| traded_as = {{FWB|FRA}}
MDAX component
| ISIN = {{ISIN|sl=n|pl=y|DE0005773303}}
| foundation = 1924 (as Südwestdeutsche Luftverkehrs AG){{cite web |url=http://www.fraport.com/en/the-fraport-group/about-us/our-history.html |title=History |publisher=Fraport |access-date=2015-11-26 |archive-date=2017-04-17 |archive-url=https://web.archive.org/web/20170417122507/http://www.fraport.com/en/the-fraport-group/about-us/our-history.html |url-status=dead }}
| location = Frankfurt Airport
Frankfurt am Main, Hesse, Germany
| key_people = Stefan Schulte (CEO and chairman of the executive board), Michael Boddenberg (Chairman of the supervisory board)
| industry = Transportation
| services = Airport operation
| revenue = {{increase}} €3.260 billion (2019){{cite web |url=https://www.fraport.com/en/misc/binaer/fraport-group/investors/events-and-publications/annual-reports/Annual-Report-2019/_jcr_content.file/annual-report-2019_.pdf |title=Annual Report 2019 |publisher=Fraport }}{{Dead link|date=May 2024 |bot=InternetArchiveBot |fix-attempted=yes }}
| operating_income = {{decrease}} €705 million (2019)
| net_income = {{decrease}} €421 million (2019)
| assets = {{increase}} €12.627 billion (end 2019)
| equity = {{increase}} €4.623 billion (end 2019)
| num_employees = 22,514 (2019)
| homepage = [http://www.fraport.com www.fraport.com]
}}
Fraport AG Frankfurt Airport Services Worldwide, commonly known as Fraport, is a German transport company which operates Frankfurt Airport in Frankfurt am Main and holds interests in the operation of several other airports around the world. In the past the firm also managed the smaller Frankfurt-Hahn Airport located 130 kilometers west of the city. It is listed on the Frankfurt Stock Exchange and also through the exchange's Xetra trading system. The company's shares are included in the MDAX. The company's current chief executive officer is {{ill|Stefan Schulte|de|Stefan Schulte (Manager)}}. As of 2019, the company has 22,514 employees and annual revenues of about €3.3 billion. Fraport was the main sponsor of the Bundesliga football team Eintracht Frankfurt from 2002 to 2012.
Fraport AG is also involved in ground handling operations at its own operated airports and at third-party operated airports. It mostly operates ground handling services in a deregulated context. Fraport was also involved to make Frankfurt Airport and Indira Gandhi International Airport ready for Airbus A380 operations.
Operations
In addition to various management and infrastructure subsidiaries related to Frankfurt Airport, Fraport's holdings include the following airport operating companies:
=Greece=
File:Fraport Greece queue barrier at Zakynthos airport..jpg
As of December 2015, Greece's government signed a privatization deal with Fraport and Greek energy firm Copelouzos with awarding them a 1.2 billion euro contract to lease and manage 14 regional airports for a concession period of 40 years.[http://www.ekathimerini.com/204315/article/ekathimerini/business/greece-signs-12-bln-euro-airport-deal-with-germanys-fraport "Greece signs 1.2 bln euro airport deal with Germany's Fraport"], Kathimerini English version (14 December 2015).[https://www.reuters.com/article/eurozone-greece-privatisation-idUSL5N10T22520150818 "Greece confirms Germany's Fraport to run regional airports"], Reuters (Tue Aug 18, 2015 9:49am EDT). Fraport started managing the 14 regional airports from 11 April 2017.[http://www.fraport-greece.com/eng/media-center/news/fraport-greece-begins-40year-concession-at-14-greek-regional-airports" "Fraport Greece Begins 40-Year Concession at 14 Greek Regional Airports"], Kathimerini English version (21 March 2017). They have published their master plan for each airport and the computer renderings (external views) of the 14 airports after the completion of the construction works.[http://www.fraport-greece.com/eng/media-center/news/fraport-greeces-development-plan-for-the-new-era-at-the-greek-regional-airports" "Fraport Greece’s Development Plan for the New Era at the Greek Regional Airports"], Fraport-Greece English version (22 March 2017).
The airports included in the concession are:
- Aktion National Airport
- Cephalonia International Airport
- Chania International Airport
- Corfu International Airport
- Kavala International Airport
- Kos Island International Airport
- Mytilene International Airport
- Mykonos Island National Airport
- Rhodes International Airport
- Samos International Airport
- Santorini (Thira) National Airport
- Skiathos Island National Airport
- Thessaloniki International Airport
- Zakynthos International Airport
Many complaints have been filed by General Aviation aircraft owners from Greece and abroad, due to high pricing policy and lack of parking spaces in Greek airports operated by Fraport.{{Cite web | url=https://www.tovima.gr/2020/05/11/finance/pos-mporei-i-politeia-na-voithisei-ton-aeroporiko-tourismome-aeroskafi-genikis-aeroporias/ | title=Πώς μπορεί η Πολιτεία να βοηθήσει τον αεροπορικό τουρισμό με αεροσκάφη γενικής αεροπορίας | date=11 May 2020 }}{{Cite web | url=https://www.aopa.gr/el/enimerosi/energeies-tis-aora-ellas/1033-aopa-hellas-24 | title=Στο "Βήμα της Κυριακής" η επιστολή της AOPA Hellas για τα 23 αεροδρόμια – Aopa Hellas }}{{Cite web | url=https://www.aopa.gr/el/enimerosi/energeies-tis-aora-ellas/1015-aopa-hellas-coo-fraport-greece | title=Επιστολή της AOPA Hellas στον κ. Μαραγκάκη, COO της Fraport Greece – Aopa Hellas }}
Business trends
The key trends for Fraport are (as at the financial year ending December 31):{{Cite web |title=Fraport Fundamentalanalyse {{!}} KGV {{!}} Kennzahlen |url=https://www.boerse.de/fundamental-analyse/Fraport-Aktie/DE0005773303 |access-date=2023-12-03 |website=boerse.de |language=de}}
| class="wikitable" style="text-align:center"
! !Revenue (€ bn) !Net profit (€ m) !Total assets (€ bn) !Employees |
| 2016
|2.5 |375 |8.8 |20,322 |
| 2017
|2.9 |330 |10.8 |20,673 |
| 2018
|3.4 |474 |11.4 |21,961 |
| 2019
|3.7 |421 |12.6 |22,514 |
| 2020
|1.6 |–658 |14.0 |21,164 |
| 2021
|2.1 |83 |16.2 |18,419 |
| 2022
|3.1 |132 |17.6 |18,850 |
| 2023
|4.0 |393 |18.8 |17,840 |
| 2024
|4.4 |451 |20.3 |19,001 |
Headquarters
The company's articles of association designate Frankfurt am Main as the company's registered office. Fraport's facilities are on the property of Frankfurt Airport in the city's Flughafen district."[http://www.fraport.com/cms/default/dokbin/424/424499.how_to_find_us.pdf How to find us] {{webarchive|url=https://web.archive.org/web/20110725042130/http://www.fraport.com/cms/default/dokbin/424/424499.how_to_find_us.pdf |date=2011-07-25 }}." Fraport. Retrieved on May 28, 2011. Its head office building is Building 178, close to Tor 3 (gate 3).
Shareholders
The company's current shareholding structure is as follows.
| class="wikitable sortable" | |
| Shareholders | Percentage |
|---|---|
| State of Hesse | 31.31% |
| Stadtwerke Frankfurt am Main Holding GmbH | 20.32% |
| Deutsche Lufthansa AG | 8.44% |
| Lazard | 5.02% |
| Free float/ no indication | 34.91% |
References
External links
- {{official website|http://www.fraport.com}}
{{Portalbar|Germany|Companies|Aviation}}
{{coord|50.0521|N|8.5824|E|source:wikidata|display=title}}
{{authority control}}
Category:Transport companies of Germany
Category:Companies based in Frankfurt
Category:Government-owned companies of Germany