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Fraport Q3 earnings beat forecasts after Medical Airport Service stake sale

By Reuters News

Oct 26 (Reuters) - German airport operator Fraport FRAG.DE said on Monday its third-quarter earnings beat analysts' expectations helped by the sale of its stake in Medical Airport Service.

The sale had a positive impact of around €24 million ($27 million) on the operating result, it added in a statement.

  • Fraport said its earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter came in at €595 million, ahead of analyst consensus of around EUR 574 million.

  • It reported earnings before interest and taxes (EBIT) of around €407 million compared with the analyst consensus of around €389 million.

  • Fraport mantained its full-year guidance, excluding the one-off impact.

  • The group's shares were up 2.2% as of 1445 GMT.



    ($1 = 0.8925 euros)

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