Fraport AG Successfully Places Promissory Note
Fraport AG’s executive board member for finance and controlling (CFO), Prof. Dr. Matthias Zieschang, said: “We are very pleased with the extremely high demand from investors for our promissory note. This is another clear vote of confidence in the Fraport Group. Moreover, it confirms that we are on the right track. Thanks to our consistent liquidity management, we have surmounted the peak of the coronavirus pandemic – and we will also be able to make the necessary investments for the future.”
Today’s promissory note issue increases the amount of new financing raised by Fraport AG during 2021 to nearly €2.9 billion. Thus, the Group now has a total of about €4.5 billion in liquidity funds as well as secured and unused credit lines.
Landesbank Hessen-Thüringen and UniCredit Bank AG acted as the joint lead arranger for Fraport’s note loan issue.
Headquartered in Frankfurt, Germany, Fraport AG (Frankfurt Stock Exchange, MDAX) is one of the leading players in the global airport business. Fraport’s portfolio of companies spans four continents with activities at 31 airports worldwide. More than 182 million passengers in 2019 used airports in which Fraport has at least a 50 percent stake. Impacted by the Covid-19 pandemic, Fraport’s majority-owned Group airports welcomed only 52 million passengers in 2020. In fiscal year 2019 (Dec. 31), Fraport AG generated revenue of €3.7 billion and profit of some €454 million. Revenue reached €1.7 billion, while profit decreased to minus €690.4 million in fiscal 2020.
Fraport’s home-base Frankfurt Airport (FRA) is strategically located in the heart of Europe at the junction of vital intermodal road, rail and air networks. The surrounding Frankfurt Rhine-Main-Neckar region serves as an economic powerhouse and logistics hub for Europe and the world. In 2019, FRA welcomed more than 70.5 million passengers and handled 2.1 million metric tons of cargo. Only 18.8 million passengers traveled through FRA in 2020, due to the Covid-19 pandemic. Cargo volumes still reached nearly 2.0 million metric tons in 2020. In Europe, Frankfurt Airport ranks first in terms of cargo tonnage.
Fraport AG – Frankfurt Airport Services Worldwide
Flughafen Frankfurt am Main
60547 Frankfurt
Telefon: +49 (69) 690-0
Telefax: +49 (69) 078001
http://www.frankfurt-airport.de
Pressestelle
Telefon: +49 (69) 690-70553
E-Mail: t.beckmann@fraport.de
