AENA : Q3 results showing no surprises; target price increase on the back on higher traffic growth
>Results completely in line... - Aena reported Q3 2024 results in line with both our estimates and the consensus: revenues and EBITDA were 0.8% and 1.0% (or € 13m and € 11m) ahead of our estimates and 0.6% or 0.2% below the company-compiled consensus. The Spanish network main divisions reported results in line (€ 23m or 1.6% and € 13m or 1.3% above revenues and EBITDA respectively), with the minimum beat driven by the aviation (€ 6m above at EBITDA level) and the comm...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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