Thursday, August 4, 2016

+++ +++ Market News: Due to fear of terrorism: Fraport expects Frankfurt … – ABC Online

Updated Thursday, 04.08.2016, 07:44
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profit of the crumble

8:08 the forest fires in Canada and the earthquake in Japan and Ecuador have the world’s third-largest reinsurer Hannover Re eingebrockt a decline in profits in the second quarter. Because of the surprisingly high losses, the surplus fell compared to the same period last year by around 15 percent to nearly 215 million euros, as the competitor of the world leader Munich Re announced on Thursday. Thus, the company underperformed than analysts expected. For the current year CEO Ulrich Wallin, the company but looks on course as planned retract at least 950 million euro profit.

By far to be the most expensive, the destruction came, Hannover Re with almost 132 million euros by the forest fires in Canada, followed by the earthquake in Ecuador and Japan. Stormfront “Elvira” that made in Germany and France for high damage, leaving almost 12 million euros relatively small traces in the quarterly figures of the reinsurer

Because fear of terrorism. Fraport expects Frankfurt 2016 fewer passengers

Thursday, August 4th 2016, 07:12: the Frankfurt airport operator Fraport strokes because of the fear of terrorism along its expectations for the passenger business. The number of passengers at Germany’s largest airport is likely to decline slightly this year, the company said at the presentation of its quarterly results on Thursday. So far, Fraport had come from an increase of one to three percent. At its profit targets for 2016 CEO Stefan Schulte notes – but only because he hoped to obtain from partial sale of the stake in the Russian St. Petersburg Airport a special profit

In the second quarter Fraport has impacted the decline wanderlust already.. Compared to the same period last year, sales fell by two per cent to EUR 652 million. The bottom line remained at 79 million euros ten percent less profit than last year

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