Fraport Interim Report - Third Quarter 2005 (Nine Months): Fraport Very Satisfied with Business to Date All Group Segments Progressing Well

FRANKFURT (Germany) 9th November (PROTEXT) - (FSE:FRA) - TheFraport Groups operating business has developed very well duringthe first nine months of fiscal year 2005. In the third quarterof 2005, the Group again reported noticeable growth in revenuesand earnings. Dr. Stefan Schulte, Fraport AGs executive boardmember responsible for finance, therefore expects year endresults to exceed slightly the current forecast for the 2005business year.

Fraport is progressing well in all business areas, explainedSchulte. Furthermore, he said that EBITDA (earnings beforeinterest, tax, depreciation and amortization) will probablyincrease by about five percent. Up to now, it had been assumedthat the EBITDA increase would be in the 3 to 4.5 percent range.

Regarding net income for the year, Schulte is now expectingeven an increase of about ten percent compared to 2004. Thus,this reaches the upper end of the current forecast of five toten percent growth.

During the first three quarters of 2005, revenue for Germanysbiggest airport operator climbed by 5.1 percent to 1,562.6million. Above all, airport charges and increased revenue fromsecurity services contributed to this growth. In the thirdquarter of 2005, the important trade and gastronomy sector alsocontributed noticeably to Fraport AGs growth in revenue.

Due to stringent cost management, Fraports non-staff costsand personnel expenses increased by only 3.8 percent during thereporting period thus remaining clearly below the 5.1 percentgrowth in revenue.

During the first three quarters of 2005 Fraports Group-wideemployment increased by 6.4 percent to 25,459 people, comparedto the same period last year. ICTS Europe, Fraports dynamicallygrowing security subsidiary, saw its employment climb by 13.1percent to 10,583 people accounting for the greatest share ofthe Groups staff growth. At its Frankfurt home base, Fraportemployed an average of 15,330 people during the January-to-September 2005 period.

Earnings before interest, tax and depreciation, grew by 8.1percent to 442 million during the first three quarters of 2005.The Group profit of 136 million was 14.6 percent higher than thecomparable figure for 2004. The companys earnings per shareincreased from 1.30 to 1.49.

One of the positive developments taking place during thefirst nine months of the 2005 was the signing of a new five-yearaircraft-handling contract with Lufthansa, Fraports key customerin Frankfurt. Above all, this agreement provides planningsecurity for Fraport and its 5,900 specialists working in theGround Handling strategic business area.

Within the scope of Fraports ongoing cost-reduction program,an additional EBITDA contribution of more than 40 million isexpected for 2005. This would result in a total of about 120million since the launch of the internal corporate fitnessprogram.

Fraports stock price also reflects the companys solidperformance. Germanys first airport stock started the 2005 yearat a high level. During the first three quarters of 2005,Fraports stock value was able to climb by a further 39.5percent.

For More Information, Please Contact: Fraport AG FrankfurtAirport Services Worldwide Robert A. Payne, B.A.A. ; ManagerInternational Press/PR; Corporate Communications, 60547Frankfurt am Main, 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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