Report
Vladan Pavlovic
EUR 11.40 For Business Accounts Only

Belgrade Airport (AERO)

​Belgrade Airport (AERO) reported RSD 510.2m in 1Q17 net profit, up 2.6% y/y, while operating profit came in at RSD 587.9m, up 8.5% y/y. The lower growth in bottom line arrived on the back of worsen net financial result and appearance of not so huge RSD 25.2m in write-offs. The company’s sales arrived at RSD 1.96bn, up 11.3% y/y, mainly in line with growth in number of passengers and traffic volume. According to the latest report, final number for net profit in 2016 is at RSD 3.2bn, down 3.1% y/y, which is, however, better versus initially reported RSD 3bn. As already known, the company’s sales for the period arrived at RSD 8.5bn, up 5.1% y/y.

Underlying
Belgrade Airport (AERO)

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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