|Bid||33.48 x 30500|
|Ask||33.46 x 8900|
|Day's range||32.16 - 33.56|
|52-week range||27.59 - 79.26|
|Beta (5Y monthly)||1.24|
|PE ratio (TTM)||59.47|
|Earnings date||04 Nov 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||27 May 2020|
|1y target est||84.39|
Frankfurt Airport owner says COVID-19 restrictions led to 'massive' earnings decline.
Fraport confirmed on Wednesday it is cutting between 3,000 and 4,000 of its 22,000 jobs as the German airport operator predicted that air traffic that has collapsed due to the coronavirus pandemic will not recover in the next few years. Fraport said it expects traffic volumes this year to be 30-40% of normal and be down by 50% next year. Bloomberg earlier reported that up to 4,000 jobs could go at the company which runs Germany's busiest airport in Frankfurt.
DGAP-News: Fraport AG Frankfurt Airport Services Worldwide / Key word(s): Share Buyback 22.05.2020 / 10:06 The issuer is solely responsible for the content of this announcement. Frankfurt, 22 May 2020 - For the implementation of this year's employee participation program the Executive Board of Fraport AG Frankfurt Airport Services Worldwide (ISIN DE0005773303) decided to buy back own shares through the stock exchange. To fulfill all claims up to 100,000 of its own shares (this corresponds to approximately 0.108 percent of the capital stock) will be bought back.The share buyback complies with rules and regulations set forth in Sec. 71 (1) No. 2 AktG (Aktiengesetz - German Stock Corporation Act). It serves solely to fulfil the obligations arising from the employee share capital program of Fraport AG Frankfurt Airport Services Worldwide. The total purchase price (excluding incidental costs) is up to EUR 3,000,000.The share buyback will begin on 28 May 2020 and will be completed by 26 June 2020. It will be carried out by an independent financial service provider in accordance with the safe harbour rules defined under Article 5 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council dated 16 April 2014, in conjunction with the provisions of the Delegated Regulation (EU) 2016/1052 of the Commission dated 8 March 2016. In particular, the financial services provider is required to execute the repurchase of shares as follows:1\. The shares are purchased at market prices in accordance with the aforementioned regulations. The shares are not purchased at a price higher than the higher of the price of the last independent trade and the highest current independent purchase bid on the trading venue where the purchase is carried out.2\. On any trading day, no more than 25 percent of the average daily volume of the shares on the trading venue on which the purchase is carried out is purchased. The average daily volume is based on the average daily volume traded during the month preceding the month, in which the publication of the share buyback program took place, that means, on the average daily trading volume in April 2020.Contact:Fraport AG Frankfurt Airport Services Worldwide Christoph Nanke Head of Finance and Investor Relations Airportring 60547 Frankfurt am MainTel. +49 69 690-74842 Fax +49 69 690-74843 E-Mail: email@example.com * * *22.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * Language: English Company: Fraport AG Frankfurt Airport Services Worldwide - 60547 Frankfurt am Main Germany Phone: +49 (0)69 6 90-7 48 42 Fax: +49 (0)69 6 90-7 48 43 E-mail: firstname.lastname@example.org Internet: www.fraport.de ISIN: DE0005773303 WKN: 577330 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange EQS News ID: 1053303 End of News DGAP News Service