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FRA Fraport Frankfurt Airport Services Worldwide AG News Story

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Fraport reports Q3 earnings above market expectations

Nov 11 (Reuters) - Frankfurt Airport operator Fraport FRAG.DE reported a 22.6% rise in its third-quarter core earnings on Tuesday, beating market expectations, aided by an around 50-million-euro reduction in personnel costs due to a one-off pension plan refund.

The German company said its quarterly earnings before interest, taxation, depreciation and amortisation were 593.1 million euros ($691.7 million), well above analysts' consensus of 533 million euros, as cited by Jefferies ahead of the report.

($1 = 0.8575 euros)

(Reporting by Amir Orusov and Emanuele Berro in Gdansk, editing by Milla Nissi-Prussak)

((Amir.orusov@thomsonreuters.com; Emanuele.Berro@thomsonreuters.com))

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