ZURICH (dpa-AFX Broker) - The major Swiss bank UBS has left its rating for Fraport at "Neutral" with a target price of 53 euros after the annual figures. The operating result (EBITDA) of the airport operator was close to the market estimate, analyst Cristian Nedelcu wrote in an initial commentary on Tuesday. Adjusted for a positive one-off effect in Greece, however, the mean value of the target range for 2024 is slightly below expectations. Meanwhile, the outlook for free cash flow is significantly weaker than expected due to higher investments. The expert also sees cash flow development in 2023 as rather negative./tih/la

Publication of the original study: 19.03.2024 / 07:05 / GMT

First publication of the original study: 19.03.2024 / 07:05 / GMT

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