Aena’s net profit rose by 9.4% in the first nine months of 2019 to 1,114.2 million euros

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29 October 2019

Passenger traffic in the Aena network in Spain came to 213.9 million, 4.8% more than between January and September 2018

Total consolidated revenue increased to 3,448.8 million euros, 6.1% more than in 2018, with commercial revenue doing particularly well and growing by 8.8%

Operating cash flow was up compared to the same period in 2018 by 8% to 1,913 million euros

Passenger traffic is forecast to grow by 1.1% in 2020 in Aena’s airport network in Spain

Between January and September 2019 Aena achieved net profit coming to 1,114.2 million euros, 9.4% more than in the same period in 2018.

 

Total revenue rose to 3,448.8 million euros, representing an increase of 6.1% compared to the first nine months in the previous year. Commercial revenue, which accounts for 27.7% of the total, has grown by 8.8% up to 954.9 million euros.

 

Here it is also worth mentioning the contribution to revenue made by international operations in which London Luton Airport has provided 196.1 million euros.

 

Gross operating profit (EBITDA(1)) between January and September 2019 stood at 2,136.7 million euros, 5.1% up compared to the same period in 2018.

 

The company’s cash flow(2) has come to 1,913.9 million euros compared to 1,772.7 million in the first nine months of 2018, up by 8%.

 

On 30 September 2019 net financial debt(3) stood at 6,708.2 million euros (including Luton’s net financial debt coming to 445.2 million euros) compared to 6,654.1 million euros at the end of 2018. This means the debt ratio, measured as Net Financial Debt to EBITDA(3), is down from 2.5 times in 2018 to 2.4 times as of 30 September 2019.

 

Passenger traffic

Passenger traffic is expected to grow by 1.1% in 2020 in Aena’s airport network in Spain.

 

The number of passengers between January and September 2019 came to 213.9 million, 4.8% more than in 2018. Growth in international passengers reached 3.9% while domestic traffic stood at 7.1%. When figures for Luton Airport are included (13.9 million passengers, up by 9.5%), the number of Aena’s passengers amounts to 227.8 million in the first nine months of 2019, 5.1% more than in the same period in 2018.

 

 

 

(1)    Calculated as Total revenue minus Total expenses plus Depreciation and amortisation

(2)    Cash flow calculated as adjusted EBITDA – CAPEX – Interest paid – Tax paid.

        (3)    Calculated as Current Financial Debt plus Non-current Financial Debt minus Cash and Cash Equivalents