AENA : Confidence improving for 2022 but MAG cancellations will weigh
>No precise guidance for 2022 but confidence is improving - During the conference call organised after the publication of the 2021 results, AENA’s management did not give much more in the way of details on its forecasts for 2022. It confirmed that its best estimate is the one unveiled in the business plan used for the economic regulation agreement DORA II, namely traffic equal to 68% of the 2019 level (a shade below our estimate and the consensus at 75%). The manageme...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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