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“We have this, so to say, perfect inflation protection as we collect share of the revenue realized in a shop. So whenever inflation drives revenues up, we also have higher proceeds,” finance chief Matthias Zieschang said in a conference call.
“We have a strong focus on luxury goods where you currently can see even higher inflation rates. So it could be that on the retail side, we also can be an inflation winner,” Zieschang added.
On the real estate rental side, Fraport’s newer contracts already include inflation indexation and it just needs to look to adjust the older ones as they need to be renewed, the CFO said.
