Fraport’s Annual General Meeting 2021 Is Being Held Virtually Again

Executive and Supervisory Boards report to shareholders – 39 sets of questions submitted  

Fraport AG’s regular Annual General Meeting (AGM) for shareholders began today (June  1) at 10:00 a.m. CEST, as scheduled. Due to the Covid-19 pandemic, the AGM is being held again via a virtual-only format. A total of 39 sets of questions were submitted in advance by the shareholders. Both Fraport AG’s supervisory board chairman, Michael Boddenberg (who also serves as Hesse finance minister), and executive board chairman, Dr. Stefan Schulte, will answer the questions during the AGM. Shareholders and their authorized representatives can exercise their rights via Fraport’s AGM online portal.

In his speech to the AGM, CEO Schulte takes an optimistic view of the next few months: “Thanks to the launch of vaccination programs, a gradual return to a certain level of normality is in sight. We are beginning to see the loosening of restrictions in everyday life. We can make plans again, also for the next vacation. That’s good news.”

Nevertheless, despite the current positive signals, Schulte believes it will still take several years until the aviation industry returns to pre-crisis levels again: “Overall, the aviation market will become even more competitive in the post-pandemic era. For us, this means that we have to prepare the company for this increasing competition – and that is exactly what we are doing. We have been working at all levels to reduce costs and increase efficiency.”

In view of the net loss incurred by Fraport in fiscal 2020, the company will again not pay a dividend. The AGM agenda and a transcript of the speech held by CEO Schulte, as well as further information, are available on Fraport AG’s Website.  

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