Fraport Assuming Weak Retail Performance

May 4, 2016

Fraport is expecting its retail performance to be weak this year, with some recovery happening but not enough to catch up to last year's per-passenger spend performance.

"There's a general negative trend coming from currency and we're suffering from reduced numbers of Chinese passengers," the airport operator's chief financial officer Matthias Zieschang said.

"We assume and hope Chinese volumes will recover during the rest of the year," he said, adding Fraport was working with Frankfurt Airport's duty-free retailer Heinemann to improve the range of products.

"At the end of the day, all these permanent optimisation measures cannot fully compensate the negative macroeconomic trend, but we are trying."

(Reuters)