BRIEF-Fraport Sees 2021 EBITDA Of EUR 300-450 Million

March 16 (Reuters) - Fraport AG Frankfurt Airport Services Worldwide FRAG.DE:

• FOR CURRENT BUSINESS YEAR, FRAPORT EXECUTIVE BOARD FORECASTS TRAFFIC AT FRANKFURT AIRPORT TO RANGE FROM UNDER 20 MILLION UP TO 25 MILLION PASSENGERS.

• GROUP REVENUE IS EXPECTED TO REACH APPROXIMATELY EUR 2 BILLION IN 2021.

• COMPANY IS FORECASTING GROUP EBITDA TO RANGE BETWEEN ABOUT EUR 300 MILLION AND EUR 450 MILLION.

• GROUP EBIT IS EXPECTED TO BE SLIGHTLY NEGATIVE, WHILE GROUP RESULT (NET PROFIT) WILL ALSO REMAIN IN NEGATIVE TERRITORY.

• FRAPORT'S EXECUTIVE BOARD WILL PROPOSE TO SUPERVISORY BOARD AND AGM, LIKE IN FISCAL 2020, NOT TO DISTRIBUTE A DIVIDEND FOR CURRENT 2021 FINANCIAL YEAR.

• GROUP EBITDA IN 2020 FELL TO MINUS EUR 250.6 MILLION (2019: EUR 1.18 BILLION).

• FY GROUP EBIT SLIPPED TO MINUS EUR 708.1 MILLION (2019: EUR 705.0 MILLION)

• FY GROUP RESULT (NET PROFIT) AMOUNTED TO MINUS EUR 690.4 MILLION (2019: EUR 454.3 MILLION).

• FY GROUP REVENUE WAS DOWN 55.4 PERCENT TO EUR 1.45 BILLION.

Source text for Eikon: ID:nPn7nS9DZa

Further company coverage: FRAG.DE

(Gdansk Newsroom)

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