Report
Vladan Pavlovic
EUR 8.90 For Business Accounts Only

Belgrade Airport (AERO)

The Belgrade Airport (AERO) reported RSD 1.39bn (EUR 11.5m) in its 1H 2017 net profit, flat y/y. Total revenues amounted to RSD 4.42bn, with operating revenues standing at RSD 4.33bn, up 10.5% y/y, mainly in line with expansion in volume of traffic (passengers & cargo turnover). Operating profit in the period amounted to RSD 1.75bn, up 14.4% y/y, since operating margin was up to 40.5% vs. 39% from 1H 2016. This time, the company booked RSD 114.3m in other loss, which prevented expansion at net profit line. A total of 2.3m passengers used the services in the first six months of the current year, an increase by 9% compared to the corresponding period of 2016. Transported goods and mail amounted to 10,408 tons, an increase by 24% compared to the first six months of 2016.

Underlying
Aerodrom Nikola Tesla AD Beograd

Provider
BDD Wise broker
BDD Wise broker

Founded in 2000, WISE Broker was one of the pioneers in the evolution of the Serbian financial market. Today, we are one of the leading brokerage institutions in Republic of Serbia.

Broker-dealer company Wise broker a.d. Belgrade has been incorporated in 2000 under the name of Senzal. In 2007, we became a member of KBC Group headquartered in Brussels when we changed our name into BDD KBC Securities a.d. Belgrade. Since July 2011, we have continued our activity as an independent investment company, providing financial services as WISE Broker .

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Analysts
Vladan Pavlovic

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