Preliminary Figures (Subject to Supervisory Board Approval) Fraport Fiscal Year 2004: Fraport Achieves Record Year: Revenues and Financial Results Increase Noti

FRANKFURT AM MAIN (Germany) 1th March (PROTEXT/ots) - Fiscal2004 was a banner year for the Fraport Group (FSE:FRA), withrevenues rising by 8.9 percent to 1,998.1 million. Due tostringent cost management, 2004 EBITDA (earnings beforeinterest, tax, depreciation and amortization) and Group profit(consolidated net income) increased over-proportionately torevenues. Fraport AG's executive board is recommending to thesupervisory board that the dividend payment per share should beincreased to 75 euro cents for fiscal 2004, up from 44 euro centsfor 2003.

Frankfurt Airport (FRA) experienced unprecedented demand inair traffic in 2004, with passenger figures topping the 50million mark for the first time. FRA recorded 51.1 millionpassengers for the full year, an increase of 5.7 percent. Thisrepresents a new annual passenger record and a milestone in theairport's history. Airfreight tonnage handled at FRA rose 13.1percent to 1.75 million metric tons. Together, the FraportGroup's airports served some 77 million passengers last year,9.2 percent more than in 2003. Cargo tonnage for the Group'sairports increased at an even higher rate of 11.7 percent, risingto 2.22 million metric tons.

Group revenues grew 8.9 percent to nearly 2 billion, whileoperating expenses increased by only 7.1 percent to 1,527.5million. Personnel costs increased noticeably slower than inproportion to non-personnel costs. Personnel costs rose 4.3percent to 974.5 million, mainly because of the requiredmanpower increase at ICTS Europe. The Fraport Group's work forceaveraged 24,182 people in 2004, representing an increase of 3.5percent or 829 people. ICTS Europe alone employed 995 peoplemore than in 2003, due to intensified security procedures atmany European airports.

Fraport's efficiency improvement measures showed tangibleresults at Frankfurt Airport. With only a minor increase instaff, FRA handled a significantly greater volume of traffic in2004, compared to the previous year. "The success of our cost-reduction measures is reflected by a 45 million earningscontribution from the WM 2005 efficiency improvement program forthe year 2004 alone," emphasized Fraport AG's executive boardchairman, Dr. Wilhelm Bender.

Total savings achieved through the WM 2005 program haveamounted to 87 million so far. Savings of around 150 millionare planned by the year 2006. Because of continually growing costpressures in the air transport industry, Germany's largestairport management company has launched its "We're Making FraportFit" program to identify and activate further cost-cuttingpotential starting in 2005. This program is designed to ensurethe Fraport Group's long-term competitiveness.

The Group's EBITDA (earnings before interest, tax,depreciation and amortization) grew by 11.8 percent to 516.2million, because of successful cost management and improvedproductivity. With 136.4 million, Group profit for 2004 exceededthe previous year's figure by 18.4 percent. "Never before in thehistory of our company did net income reach such a pleasantlevel," emphasized Bender. Results per share reached 1.51 in2004, versus 1.28 in the previous year. Fraport's executiveboard is recommending to raise the share dividend payment from 44euro cents to 75 euro cents for fiscal year 2004. Thus, thepayout ratio increases from about 35 to nearly 50 percent.

Fraport anticipates passenger figures at Frankfurt Airport torise about three percent in the current year. The Group'srevenues are expected to increase by more than three percent in2005. In addition, EBITA is expected to grow slightly over-proportionately, while Group profit is anticipated to climbnoticeably.

A printed version of the 2004 Annual Report will be availablestarting March 22. The 2004 Annual Report will also be availableon the Internet at: www.fraport.de. Fraport's Annual GeneralMeeting (AGM) for shareholders will be held on June 1, 2005.Consolidated Income Statement for the Year 2004 Fraport Groupin million

2003

2004

Change inpercentRevenues

1,834.3

1,998.1

8.9Other operating income

53.4

45.6

-14.6Total revenues

1,887.7

2,043.7

8.3Cost of materials

284.4

316.2

11,2Personnel expense

933.9

974.5

4.3Other operating expenses

207.6

236.8

14.1EBITDA

461.8

516.2

11.8Depreciation and amortizationof tangible and intangibleassets

258.1

235.1

-8.9EBIT (operating profit)

203.7

281.1

38.0Financial result

11.4

-15.2

-EBT (result from ordinaryoperations)

215.1

265.9

23.6Taxes

98.9

127.5

28.9Minority interests' shareof results

1.0

2.0

100.0Group profit

115.2

136.4

18.4Earnings per 10share in (basic)

1.28

1.51

18.0Dividend per share (proposal)

0.44

0.75

70.5Key Figures from Consolidated Balance Sheet andConsolidated Cash flow Statement for the Year 2004, Fraport Groupin million

2003

2004 Change inpercentShareholders' equity

1,920.1

2,030.8

5.8Equity ratio in %(1)

51.7

53.8

-Equity & liabilities

3,636.4

3,650.2

0.4Net cash flow fromoperating activities

447.2

519.4

16.1Capital expenditures

256.9

279.4

8.8Key Ratios for the Year 2004, Fraport Group

2003 in percent

2004 in percentReturn on revenues

11.4

13.0EBITDA margin

25.2

25.8EBIT margin

11.1

14.1ROCE

9.6

14.3Employees for the Year 2004, Fraport Group

2003

2004 Change in percent

23,353

24,182 3.5

(1) Excluding the in 2005 proposed dividend payment for 2004.Preliminary Figures - Subject to Approval from the SupervisoryBoard

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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