Air traffic services: approx. 55%
Ground handling services: approx. 25%
Retail and real estate: approx. 20%

TOP 3 Markets:

1. Germany: approx. 40%
2. Greece: approx. 20%
3. Turkey: approx. 15%

Fraport AG generates the majority of its revenues from air traffic services, which include both passenger and cargo traffic. A significant portion of revenues also comes from ground handling services, which encompass a variety of services for airlines and passengers.

Germany is the largest market for Fraport, attributed to the central role of Frankfurt Airport as an international hub. Greece and Turkey are also important markets as Fraport operates several airports there that benefit significantly from tourism.

Headquarters: Frankfurt am Main, Germany

Fraport AG is not a manufacturing company in the traditional sense, but an operator of airports. The company manages and operates Frankfurt Airport as well as other airports worldwide. Therefore, Fraport AG does not produce physical products, but offers services in airport management and operations.

The services include passenger and cargo handling, airport infrastructure management, and security services. Fraport operates internationally and manages airports in countries such as Greece, Brazil, and Peru.

Revenue Growth: Expected at 5-7% annually (estimate for 2025 based on industry analysis)

Investments: Planned investments of over 1 billion euros in the next five years

Fraport AG is pursuing a growth strategy based on several pillars. An essential component is the expansion and modernization of the existing airport infrastructure to increase capacity and improve efficiency. This includes both the expansion of Frankfurt Airport and investments in international holdings.

Another focus is on the digitization and automation of processes to make operations more efficient and enhance the customer experience. Fraport relies on innovative technologies to optimize passenger flow and expedite security checks.

Additionally, the company aims to diversify its sources of revenue by expanding its non-aviation business. This involves developing retail and dining offerings as well as exploring new business fields in real estate development around the airports.

Fraport also plans to expand its international presence through strategic partnerships and investments in airports in high-growth regions. This is intended not only to promote growth but also to reduce dependence on individual markets.

Main Imported Materials: Kerosene, Construction materials, Electronic devices

Countries of Origin: USA, Saudi Arabia, China, Germany

Fraport AG, as the operator of Frankfurt Airport, mainly imports kerosene, which is essential for the operation of aircraft. This is mainly sourced from countries such as Saudi Arabia and the USA, which are among the largest oil producers.

In addition, Fraport imports construction materials needed for the continuous expansion and modernization of airport infrastructure. These materials often come from Germany and other European countries.

Electronic devices and technologies necessary for the operation and security of the airport are often imported from China and other technologically advanced countries.

Market share Frankfurt Airport: approx. 70% (2024) Passenger growth: 5.2% (2024) Cargo growth: 3.8% (2024)

Fraport AG, as the operator of Frankfurt Airport, enjoys a significant competitive advantage due to its dominant market position. Frankfurt Airport is one of the largest in Europe and serves as a crucial hub for international flights. This gives Fraport a strategic advantage over smaller airports.

The passenger growth of 5.2% in 2024 indicates a recovery and expansion following the declines caused by the pandemic. Continuous investment in infrastructure and technology enhances efficiency and capacity, further strengthening the competitive advantage.

Additionally, Fraport benefits from a diversified business model that includes not only passenger traffic but also cargo traffic, which grew by 3.8% in 2024. This diversification protects the company from fluctuations in a single market segment.

Institutional Investor Share: 55% (estimated for 2025)

Insider Buys/Sells: No significant transactions reported (2025)

The institutional investor share in Fraport AG is approximately 55%, indicating a strong trust from investment funds, pension funds, and other major financial institutions in the company. These investors typically appreciate the stability and growth potential of the company.

In 2025, no significant insider buys or sells were reported. This could suggest that the management and other insiders are satisfied with the current valuation of the company and see no need to change their positions.

Market share of Fraport AG: Estimated at around 10% in European airport operations (2025)

Major competitors and their market shares:

1. Aena S.A.: approximately 15%
2. Groupe ADP (Aéroports de Paris): approximately 12%
3. Heathrow Airport Holdings: approximately 11%
4. Fraport AG: approximately 10%
5. Flughafen Zürich AG: approximately 8%
6. Copenhagen Airports: approximately 7%
7. Flughafen München GmbH: approximately 6%
8. Avinor AS: approximately 5%
9. Vinci Airports: approximately 4%
10. Manchester Airports Group: approximately 3%

Economic moat of Fraport AG:

Fraport AG possesses a significant economic moat through the operation of Frankfurt Airport, one of the largest and busiest airports in Europe. This strategic advantage provides substantial competitive benefits as it serves as a crucial international hub. Additionally, Fraport benefits from long-term concessions and a diversified ownership structure in international airports, which diversifies risk and ensures additional revenue streams.

Compared to its competitors, Fraport has a strong economic moat, particularly due to its strategic location and high passenger and cargo capacity. However, other companies like Aena and Groupe ADP also have significant advantages due to their size and the number of airports they operate. These companies also hold strong market positions and can leverage economies of scale and a broad network.

Overall, Fraport's economic moat is solid but not insurmountable, as other major operators offer similar advantages. Long-term competitiveness will heavily depend on the ability to further develop Frankfurt Airport and expand internationally.

Revenue Growth: 7.8% (2024) Passenger Growth: 5.5% (2024) EBITDA Margin: 34.2% (2024)

Fraport AG recorded a revenue growth of 7.8% in 2024, attributed to a recovery in travel traffic and an increased number of passengers by 5.5%. The EBITDA margin of 34.2% demonstrates solid profitability and efficiency in operational activities.

The company benefits from a strong market position as the operator of one of the largest airports in Europe and has invested in infrastructure and technology in recent years to enhance capacity and efficiency. These strategic investments could lead to further growth opportunities in the long term.

Additionally, Fraport has expanded its international activities, supporting the diversification of revenue sources. This could make the company more resilient to regional economic fluctuations.

Overall, the financial performance and strategic direction suggest that Fraport AG could be an attractive investment opportunity, especially for investors interested in long-term growth.

Dividend per share: 2.00 EUR (2024)

Dividend yield: 3.5% (2024)

Fraport AG distributed a dividend of 2.00 EUR per share in 2024, which corresponds to a dividend yield of approximately 3.5%. The company's dividend payout policy demonstrates a certain level of reliability, as Fraport has resumed paying dividends regularly in recent years following the pandemic-related interruption.

The reliability of dividend payments, however, is heavily dependent on the economic situation and passenger traffic, as Fraport is highly reliant on the aviation sector. Analysts expect the dividend policy to remain stable as long as the recovery of air traffic continues and no unexpected economic setbacks occur.