Europe Movers: Ashmore Group, Centamin, Fraport, Sika, Temenos

Bridgette Randall
16 Jan, 2023
Frankfurt

Fraport AG increased 1.1% to €47.74 after the operator of Frankfurt airport reported a strong rebound in December and 2022 traffic. 

In December, Frankfurt airport processed 4 million passengers, an increase of 46.2% from a year ago. 

For 2022, the total number of passengers processed soared 97.2% to 48.9 million. 

Cargo throughput, in contrast, fell 19% to about 159,671 metric tons in December 2022, reflecting the overall economic slowdown and the impact of airspace restrictions related to the Ukraine war.

All airports managed by Fraport reported a sharp jump in 2022 traffic. 

Passenger arrivals at 14 Greek regional airports soared 79% to 31.2 million, Antalya Airport Turkish Riviera soared 41.8% to 31.1 million and two Brazilian airports at Fortaleza and Porto Alegre recorded passenger gains of 41% to 12.4 million combined. 

The Bulgarian coastal airports of Burgas and Varna saw combined traffic in 2022 advanced 59.2% to 3.1 million passengers.

Temenos AG increased 8.9% to Sfr 62.0 after chief executive Max Chuard resigned under pressure from activist investors. 

Sika AG increased 3.5% to Sfr 255.10 after the specialty chemical company signed a deal to sell select concrete additives business to the UK-based INEOS and meet regulatory requirements and complete the purchase of MBCC. 

Ashmore Group Plc was nearly unchanged at 271.40 pence and the UK-based asset management group reported a 2% rise in assets under management. 

Assets under management increased 2% to $57.2 billion at the end of December 2022 from $56.0 billion at the end of September 2022. 

Fixed income under management increased 3% to $49.9 billion, equity funds assets rose 2% to $6.0 billion and alternative assets under management rose 2% to $1.3 billion. 

Centamin Plc declined 3.5% to 119.35 pence after the gold mining company said that the Egyptian Supreme Court has reversed the lower court ruling challenging the Sukari gold mining concession between the government and the subsidiary of the company.