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Ana Arjona-Martinez ...
  • Yan Derocles

AENA : Strong Q4 results, mainly on the Spanish network, and waiting for the strategic update

>Q4 results ahead of both our estimates and those of the consensus… - Aena´s Q4 2023 results were ahead of both our estimates and those to the consensus: revenue and EBITDA at the Spanish network (once adjusted for non-recurring effects) was 6.6% and 9.5% (or € 69m and € 58m) ahead of our estimates, respectively (6% vs consensus). The outperformance was driven by both the commercial division, which reported a higher-than expected retail spend per passenger that fed th...
Underlying
Aena SME SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Ana Arjona-Martinez

Yan Derocles

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