airport manager Aena record 1.139 million euro net profit first nine months of the year (with extraordinary financial situations) This represents 71.3% more than recorded during the same period in 2022 (664.7 million euros) and A similar figure to that recorded in 2019 (1,114.2 million euros)As reported by the company to the National Securities Market Commission (CNMV) this Thursday.
Total consolidated revenues increased by 19.9% compared to 2022, reaching 3,779.1 million euros Total sales from business operations have already exceeded pre-pandemic levels by 15.6%.
Between January and September this year, the company achieved a gross operating result (EBITDA) of €2,113.6 million, with a margin of 55.9%. This figure represents a growth of 38.8% compared to the same period in 2022 (1,522.2 million), but remains slightly below 2019 (2,136.7 million).
By the time 2023 ends, Aena expects to achieve consolidated EBITDA of over €2,700 million, with an EBITDA margin of over 56%.
Aena Group traffic (airports in Spain, London-Luton and Northeast Brazil) reached 240 million passengers in the year to September, up 17.4% compared to the first nine months of 2022; This means 100% improvement compared to before the pandemic; 0.8% traffic.
Traffic at Aena airports in Spain in the first nine months of the year reached 216.6 million passengers; This represents a 17.6% increase compared to the same period last year and accounts for 101.3% of traffic from January to September 2019. .
Based on these results, Aena estimates that it will close 2023 with approximately 280 million passengers in Spain; this will be equivalent to a recovery of 102% of 2019 traffic, within the expected range for 2023 (94%-104% of 2019 traffic).
Business activity exceeded 2019
Total consolidated revenues between January and September 2023 increased to €3,779.1 million; 19.9% increase compared to the same period of the previous year.
Aviation revenues amounted to 2 billion 114 million euros, an increase of 16.2% compared to 2022. Commercial revenue, which exceeded 2019 levels of sales from commercial activities, reached 1 billion 134.6 million euros, an increase of 23.7% compared to the same period in 2022.
For this reason, Total sales from business activities exceeded 2019 levels by 15.6%And income For fixed and variable revenues invoiced and collected during the period 2019 figures exceeded 21.4%.
“However, regulated business has slowed in part due to the inability of airport charges to compensate for sharp increases in the costs of providing airport services from 2022,” the executive explains.
The group’s consolidated accounting net financial debt amounted to 6,364.8 million eurosCompared with 6,242.9 million euros in 2022, the consolidated group’s net financial debt ratio to EBITDA decreased from 3 times to 2.38 times as of December 31, 2022.
There was solid cash generation during these nine months. Thus, net cash from operating activities reached 1,904.2 million euros, compared to 1,558.3 million euros in the same period of 2022.
The investment paid between January and September 2023 amounted to €1,203.3 million. These investments focused on improving the facilities and operational safety of airports and include €611.9 million for mandatory payments related to the concession of the Eleven Airports Block in Brazil.
In his name, group operating expenseExpenses, including materials, personnel and other operating expenses, amount to 1,646.5 million euros in the first nine months of 2023, compared to 1,566.5 million euros for the corresponding period in 2022. The evolution of these expenses reflects greater activity. Operations and operations of the group’s terminals and open airport areas, according to Aena.
Similar Other operating expenses, highlights the reduction in electricity expenditure in Spain of 113.5 million euros (51.5% less than in the first nine months of 2022). Excluding the impact of energy, the annual increase in other operating expenses in the Spanish airport network amounted to 83.8 million euros, an increase of 12.3% compared to the period January to September 2022 in the context of larger airport activities.
Three Brazilian airports
At the international level A.ena, through its subsidiary Aena Desarrollo Internacional, currently operates three of the 11 airports of the new BOAB group (Brazil’s Eleven Airports Block).. These are Congonhas-Sao Paulo, Campo Grande and Uberlandia airports.
Aena was the winner of BOAB in the public auction held in August 2022. The group’s 11 airports are located in four states (São Paulo, Mato Grosso do Sul, Minas Gerais and Pará), and the concession period is 30 years. Possibility of additional period of five years.
The privilege of these 11 airports The largest international operation in Aena history It has been managing six more airports in the northeast of the country since 2020 under the Aena Brasil brand.