AENA : 2019 level finally recovered in traffic and slightly beating our P&L
>Results slightly above expectations, mainly thanks to the commercial division - After having already published Q1 2023 traffic figures (+42% in 1Q 2023 or +1.6% vs 2019) Aena´s Q1 2023 results showed no significant deviations to our estimates: revenues and EBITDA 2% and 5% (or € 18m and €16m) above respectively. The slight beat of our EBITDA forecast was a result of higher revenue per pax in the commercial division and a slight beat in the international activity, wit...Aena SME SA, formerly Aena SA, is a Spain-based company primarily engaged in the airports operation. Its activities are divided into four segments: Airports, which comprises Aeronautical subdivision, responsible for the management of airports, jetways, security, handling, cargo and fuel services, among others, as well as Commercial subdivision, including duty-free and specialty stores, restaurant services, car rental, as well as banking services and advertising; Services outside the terminal, which manages real estate assets, such as parking lots, warehouses and lands; International, which comprises operations of Company's subsidiary, Aena Desarrollo Internacional SA, that invests in other airport owners principally in Mexico, Colombia and the United Kingdom; and Others, encompassing corporate activities. It manages tourism, hub and regional airports, as well as heliports and general aviation areas. Furthermore, its destination range comprises Europe, the Americas, Asia and Africa.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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