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CAAP — Corporacion America Airports SA News Story

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Argentina's Corporación América Airports Q1 revenue beats estimates on passenger traffic growth

Overview

Argentina-based airport operator's Q1 revenue beats analyst expectations

Adjusted EBITDA for Q1 beat analyst expectations

EPS for Q1 missed analyst expectations

Outlook

Company sees solid demand continuing into the second qtr, particularly in international markets

Company will continue to monitor geopolitical developments in the Middle East for potential impact on traffic

Company remains focused on maintaining a healthy financial position and disciplined investment

Result Drivers

PASSENGER TRAFFIC GROWTH - Co said Q1 passenger traffic rose 7%, led by a 14% increase in international travel, with broad-based gains across all countries

AERONAUTICAL AND COMMERCIAL REVENUE - Co said revenue growth was supported by 21% increase in commercial and 17.4% increase in aeronautical revenues

COST CONTROL AND COMMERCIAL EXECUTION - Co attributed margin expansion to disciplined cost control and active commercial execution

Company press release: ID:nBw2Zj7t3a

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueBeat$537.60 mln$470.69 mln (4 Analysts)
Q1 EPSMiss$0.47$0.50 (4 Analysts)
Q1 Adjusted EBITDABeat$198 mln$174.19 mln (4 Analysts)
Q1 Operating IncomeBeat$139.50 mln$136.25 mln (4 Analysts)
Q1 Adjusted EBITDA Margin36.80%
Q1 Operating Margin25.90%
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" The average consensus recommendation for the airport operators & services peer group is "buy" Wall Street's median 12-month price target for Corporacion America Airports SA is $32.00, about 28.3% above its May 12 closing price of $24.94 The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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