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Press article fom  07.02.2008

Airport Frankfurt-Hahn achieves another operational profit

The airport Frankfurt-Hahn continues its growth: the German airport has recently presented new record results in their transaction trade accounts for 2007. More than four Million passengers have utilized the low cost airport in Rhineland Palatinate, eight percent more than in 2006. During the same time frame about 290,000 tons of freight were handled (nine percent more than the previous year), of that 165,000 road feeder service (goods shipped by truck - increase of three percent). The amount of air traffic movements has also risen by three percent to about 41,000. Now the airport operator, Flughafen Frankfurt-Hahn GmbH (FFHG) has announced their economical results as well: after a first operational profit in 2006 a continued and further positive operational result was achieved in 2007. The figure 626,868 Euros represents the company earnings before interest, taxes, depreciation and amortization (EBITDA) and as such a 40 percent increase in comparison from the previous year (446,502 Euros).

"The continuity of our traffic development is also reflected in our economical result. Just like our transaction and traffic figures in the past 10 years since the partnership with Fraport AG have steadily increased, our operational profit has also continuously in-creased“, says Mr. Jörg Schumacher, Managing Director and Spokesman of Frankfurt-Hahn Airport. "Currently we still have a lot of investments throughout the previous years noticeable in the form of higher deductions and interest burdens included in the overall results. That is the reason why the annual result is on about the same level as last year. We are expecting an annual net profit by 2010.” Since 1998 about 210 Million Euros have been invested by FFHG into the location. One of the biggest investment measures was the extended runway which went into operation last year with an in-vestment volume of 37.5 Million Euros. The purchase of property and a maintenance hangar in 2007 can be added to that.

As a whole the turn-over of 2007 has receded slightly in comparison to the previous year (41.3 Million Euros in 2007 compared to 43.5 Million in 2006). "The reason for this was the discontinuation of military clients in the cargo as well as passenger sector, which couldn’t be balanced out with the general increase of transactions. But we were able to compensate for these losses in different areas through cost saving measures“, explains the Managing Director of the airport, Mr. Stefano Wulf. For example the cost of winter services was far below those of the previous year due to the mild winter. "51 percent of the proceeds came from general aviation business, 49 percent from non-aviation which includes parking and rentals among others. The relation in the turn-over proceeds has moved slightly more into the direction of non-aviation where we see fur-ther growth potential." In 2006 the portion for non-aviation was still at 47 percent. For this reason the plans for the intended expansion of the passenger terminal includes a larger sales area in order to fulfill the rising needs of passengers.

Fraport AG is a shareholder of the Flughafen Frankfurt-Hahn GmbH with a 65 percent share and the federal states of Hessia and Rhineland Palatinate each holding 17.5 percent. In the meantime more then 3,200 jobs in 116 companies have been created at the airport location. The airport operator is expecting a further increase in all areas for 2008: the aspiration is 4.7 Million passengers and about 310,000 tons of freight.

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