Fraport AG

Fraport AG Frankfurt Airport Services Worldwide is an airport operator. Co. is divided into four segments: aviation, which includes airside and terminal management as well as corporate safety and security at the Frankfurt site; retail and real estate, which consists of retailing activities, parking facility and real estate management at Frankfurt Airport; ground handling, which comprises services dealing with passengers, aircraft and cargo; and external activities and services, which comprises Co.'s companies outside the Frankfurt site and auxiliary services in Frankfurt, including information technology and facility management in particular.
  • Ticker577330
  • ISINDE0005773303
  • SectorIndustrial Transportation
  • CountryGermany

Analysts

Christophe-Raphaël Ganet ...
  • François Maury
  • Georges Dieng
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/26/2018

...

Christophe-Raphaël Ganet ...
  • François Maury
  • Georges Dieng
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/09/2018

...

Olfa Taamallah ...
  • Yan Derocles

ODDO : The upsurge in the price of fuel testing discipline on capacity

>Carburant: Air France-KLM the most sensitive vs EasyJet the most resilient - The acceleration in the increase in the oil price (+19% since 15 August and +22% since the beginning of the year) with the breaching of the $ 80/b threshold, prompts us to review the state of hedging in the sector and sensitivity. For the remainder of 2018, the sensitivity to variations in the price of jet fuel appears relatively limited, since the hedging policies of European airlines is ro...

Olfa Taamallah ...
  • Yan Derocles

ODDO : La flambée du carburant teste la discipline capacitaire

>Carburant: Air France-KLM la plus sensible vs EasyJet la plus résistante - L’accélération de la hausse des cours du Brent (+19% depuis le 15/08 et +22% depuis le début de l’année) avec le franchissement du seuil des 80 $/bl, nous amène à faire un petit rappel de l’état des couvertures carburant ainsi que des sensibilités. Sur le reliquat de l’exercice 2018, la sensibilité aux variations du prix du carburant parait relativement limitée puisque les compagnies aériennes...

1 director bought

A director at Fraport Ag bought 700 shares at 75.717EUR and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board memb...

Olfa Taamallah ...
  • Yan Derocles

ODDO : The upsurge in the price of fuel testing discipline on capacity

>Carburant: Air France-KLM the most sensitive vs EasyJet the most resilient - The acceleration in the increase in the oil price (+19% since 15 August and +22% since the beginning of the year) with the breaching of the $ 80/b threshold, prompts us to review the state of hedging in the sector and sensitivity. For the remainder of 2018, the sensitivity to variations in the price of jet fuel appears relatively limited, since the hedging policies of European airlines is ro...

Olfa Taamallah ...
  • Yan Derocles

ODDO : La flambée du carburant teste la discipline capacitaire

>Carburant: Air France-KLM la plus sensible vs EasyJet la plus résistante - L’accélération de la hausse des cours du Brent (+19% depuis le 15/08 et +22% depuis le début de l’année) avec le franchissement du seuil des 80 $/bl, nous amène à faire un petit rappel de l’état des couvertures carburant ainsi que des sensibilités. Sur le reliquat de l’exercice 2018, la sensibilité aux variations du prix du carburant parait relativement limitée puisque les compagnies aériennes...

Samantha Jeary ...
  • Virginie Rousseau

Fraport : Growth buoyed up by traffic but the stock seems fully valued to us

>We maintain our cautious stance on Fraport - Following the group’s solid Q2 numbers (+11.5% y-o-y revenue growth and +1.4% EBITDA growth), buoyed up by excellent H1 traffic volumes at Frankfurt (+9.1%) and the group’s main international airports (+9.8% at Lima, +20.0% in Greece), we spend the next few pages discussing the main reasons for our cautious stance on the stock.We acknowledge that the group’s traffic growth figures are very solid. But the stock looks ...

Samantha Jeary ...
  • Virginie Rousseau

Fraport : Le trafic soutient la croissance mais le titre reste bien valorisé selon nous

>Nous restons prudents sur Fraport - Suite à la publication des chiffres T2 (+11.5% de croissance annuelle du chiffre d’affaires et +1.4% de croissance de l’EBITDA), portés principalement par des volumes de trafic excellents sur le premier semestre à Francfort (+9.1%) et dans les principaux aéroports internationaux du groupe (+9.8% à Lima, +20.0% en Grèce), nous revenons en quelques pages sur les principaux arguments qui justifient notre prudence sur le titre.No...

Samantha Jeary ...
  • Virginie Rousseau

Fraport : Q2 2018 results slightly disappointing

>Sales in line but slight disappointment at EBITDA level - For Q2 2018, Fraport’s sales came to € 850.5m, i.e. y-o-y growth of 11.5%. This is in line with consensus expectations. This pace of growth was driven in particular by Aviation (+6.2% in Q2) and External Activities (+44.6%), supported by strong traffic in the first half. There was nevertheless disappointment regarding Retail & Real Estate (-18.0% in Q2 and -4.9% vs consensus estimates). This segment was impact...

1 director bought

A director at Fraport Ag bought 700 shares at 75.717EUR and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board memb...

Christophe-Raphaël Ganet ...
  • François Maury
  • Georges Dieng
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/26/2018

...

Christophe-Raphaël Ganet ...
  • François Maury
  • Georges Dieng
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/09/2018

...

Alfred Glaser ...
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Bruno Hareng
  • Delphine Brault
  • Fatma Agnès Hamdani
  • François Maury
  • Georges Dieng
  • Henning Steinbrink
  • Jean Sassus
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Michael Foundoukidis
  • Nicolas David
  • Olfa Taamallah
  • Olivier Lebrun
  • Roland Pfaender,MBA,CFA,CCRA
  • Steven Gould
  • Valentin Pernet
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/20/2018

...

Alfred Glaser ...
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Bruno Hareng
  • Delphine Brault
  • Fatma Agnès Hamdani
  • François Maury
  • Georges Dieng
  • Henning Steinbrink
  • Jean Sassus
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Michael Foundoukidis
  • Nicolas David
  • Olfa Taamallah
  • Olivier Lebrun
  • Roland Pfaender,MBA,CFA,CCRA
  • Steven Gould
  • Valentin Pernet
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 20/07/2018

...

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