AENA : Q1 conference call: some welcome surprises...some less so
>A marked increase in the energy bill - AENA has reported Q1 EBITDA that fell short of expectations (€ 73m vs € 118m for the consensus. See our note of 27 April). The disappointment clearly stems from the increase in costs penalised by the return of volumes and above all the increase in the energy bill (+€ 46.7m vs Q1 2021, i.e. a fourfold increase). This increase is likely to continue in Q2, with the group benefiting from no hedging. Conversely, the comparison base i...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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