January was reasonable at Frankfurt Rhein-Main
-"At a glance, the number of passengers in Frankfurt and most of Fraport’s other airports have not been under pressure, with the exception of Xi’an. Frankfurt’s cargo volume fell by 8.6% to 149k as ..."
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Our NAV is impacted by the lower EBITDA for 2020, resulting from the downward revision of top-line growth in the year (from -1.5% to -2%).
Our new numbers translate into a substantial target price fall of more than 40%. As a result, it is now about in line with Fraport’s current share ...