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Article: START OF PROGRAM TO BOOST EFFICIENCY AT FRAPORT AG.

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AsiaPulse News
Article date:
July 11, 2002
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FRANKFURT, July 10 / News Aktuell-AsiaNet / -- Management and employees of the company operating Frankfurt Airport intend to contribute to a sustainable increase of the value of the company. The name of the new Group-wide project is "WM (Value Management) 2005 - Creating Future Values" which was initiated by Fraport AG in autumn 2001 and will continue to 2005.

The measures being currently implemented should effect an improvement of the results by at least euro 150 million in 2005. Johannes Endler, Member of the Fraport Executive Board in charge of Finance: "The objective is to achieve an EBITDA margin ...

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