Fraport First Quarter 2005: Fraport Groups Revenues and Financial Results Continue to Grow Dr. Bender Confirms Forecast for 2005

FRANKFURT (Germany) 10th May (PROTEXT) - The Fraport Grouponce again increased revenues and financial results during thefirst three months of 2005. In comparison to the first quarter of2004, earnings climbed by 7.8 percent to 480.9 million andEBITDA (earnings before interest, tax, depreciation andamortization) by 10.9 percent to 110.2 million. The Group resultfrom January to March 2005 increased by 45.3 percent to 27.6million.

Frankfurt Airport (FRA) welcomed 11.3 million passengersduring the first quarter of 2005, an increase of 0.5 percentcompared to the same period last year. The Fraport Groupsairports recorded a total of 15.7 million passengers, anincrease of 3.3 percent on the first quarter of 2004.Substantial growth was reported by Frankfurt-Hahn, Fraportsairport for low-cost carriers, as well as by Antalya and Lima,the Groups popular tourist airports. FRAs cargo tonnage grew by5.9 percent to 456,018 metric tons. Cargo tonnage for the entireGroup also grew noticeably by 5.7 percent to 543,152 metric tonswith particular growth recorded by Frankfurt-Hahn and Lima.

Growth in Group revenues can be attributed partly to airporttraffic charges. These charges particularly benefited Frankfurt,Frankfurt-Hahn and Antalya airports. Security services alsocontributed to the increase in Group revenues. The operatingexpenditures grew by 6.9 percent, developing under-proportionately to the increase in revenues. Personnel expensesclimbed 5.1 percent, mainly because of a manpower increase atFraports ICTS Europe subsidiary which specializes in securityservices. ICTS Europe added 1,394 people to its payroll duringthe first quarter of 2005, bringing the total number ofemployees to 10,038. Non-staff costs increased by 10.6 percentto 129.0 million, mainly due to increased security costs. Theseexpenditures also included modernization of FRAs retail areasand maintenance of Terminal 1, as well as provisions.

Air traffic growth resulted in higher non-staff costs,especially at the Groups subsidiaries. However, these costscould be cushioned by increased revenues.

The EBITDA margin grew from 22.3 to 22.9 percent. ThisEBITDA growth reflects increased productivity, basedspecifically on enhanced business processes. The financialresult improved by 3.3 million to minus 6.2 million, becauseinterest expenses decreased as a result of continuous loanrepayments. Furthermore, less overnight and short-term money wascontracted. The balance mainly unrealized foreign currency gainsand losses fell from minus 4.2 million to minus 2.6 million.The basic earnings per share improved from 0.21 to 0.31. Fraports forecast for the full-year 2005 remains unchanged.Passenger growth at FRA is expected to be about three percentand revenues slightly above that mark. Dr. Wilhelm Bender,Fraports executive board chairman, explained: We expect aslightly over-proportionate increase in EBITDA versus revenuesand the Group profit for the year should increase considerably.

For More Information, Please Contact:

Fraport AG Frankfurt Airport Services Worldwide

Robert A. Payne, B.A.A. Manager International Press

Press Office (Dept. UKM-PS), Corporate Communications (UKM)

60547 Frankfurt am Main, Federal Republic of Germany

Tel.: +49 69.690.78547; Fax: +49.69.690.60548;

E-mail: r.payne@fraport.de; Internet: www.fraport.de

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