Please activate JavaScript!
Please install Adobe Flash Player, click here for download
ePaper created 2015-05-06, 16:02:41 | version 1.38.0
€1.35 dividend proposal made to the Annual General Meeting 2015 €4,436 million was the level of Fraport market capitalization at the end of 2014. in % (index base 100) Development of the Fraport share compared to the market and European competitors 100 140 80 January 1, 2014 December 31, 2014 Share development With a price of €48.04, the Fraport share closed financial year 2014 at 11.7 % lower than the closing price in 2013. Fraport there- fore had a market capitalization of €4.4 billion at the end of 2014 (previous year: €5.0 billion). Taking into account the €1.25 per share div- idend payment of June 2, 2014, the Fraport share fell €5.10 or 9.4 % in 2014. On an aver- age day, around 100,100 Fraport shares were traded in XETRA. After remaining almost unchanged in the first quarter of the financial year (– 0.3 % compared to the closing price of 2013), the value of the Fraport share dropped by 4.8 % in the second quarter, primarily due to the profit warning by Deutsche Lufthansa AG on June 11, 2014. In connection with the Group’s positive operating performance, the value re- covered slightly to €52.06 in the third quarter and gained 0.9 %. Disappointing nine-month financial figures and the factoring-in of tempo- rary negative effects from the planned acqui- sition of the concession to operate 14 Greek regional airports put pressure on the share in the fourth quarter and led to a reduction in the closing price of 7.7 % to €48.04. The German equity market itself presented a mixed picture in financial year 2014. While the continuing low-interest-rate policies of national banks and the overall favorable eco- nomic conditions had a positive effect, geo- political crises, capping of earnings forecasts, and deteriorating economic prospects had a negative impact. Overall, the German DAX benchmark index closed the financial year at 9,806 points and therefore 2.7 % higher than the closing value in 2013. The MDAX increased by 2.2 % in 2014 and closed at 16,935 points. The shares of the other listed European air- ports performed as follows in 2014: Aéroports de Paris +19.0 %, Vienna Airport +25.9 %, and Zurich Airport +27.8 %. Proposed appropriation of retained earnings The Executive Board and Supervisory Board intend to recommend a dividend of €1.35 per share to the 2015 Annual General Meeting. In relation to the closing price of the Fraport share at year end 2014, this would correspond to a dividend yield of 2.8 % (previous year: 2.3 %). The payout ratio in relation to the Group result attributable to Fraport AG’s shareholders of €234.7 million would there- fore amount to 53.1 % (previous year: 52.2 %). Fraport AG DAX MDAX Aéroports de Paris Vienna Airport Zurich Airport Source: Bloomberg 26 2014 CompactFinancial Development 262014 CompactFinancial Development