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CAAP — Corporacion America Airports SA News Story

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Corporación América Airports Q3 revenue up 14.2%

Overview

Corporación América Airports Q3 revenue grows 14.2% YoY

Adjusted EBITDA for Q3 beats consensus, reflecting operational performance

Company maintains strong liquidity with $540 mln in cash and equivalents

Outlook

Company expects positive traffic momentum to continue, with moderation in Argentina's domestic growth

Company anticipates solid fourth-quarter results, without third-quarter comparison benefits in Argentina

Corporación América Airports focuses on revenue per passenger growth and strengthening commercial offerings

Result Drivers

TRAFFIC GROWTH - Passenger traffic rose 9.3% YoY, supporting revenue growth

COMMERCIAL INITIATIVES - Revenue per passenger increased due to successful commercial strategies

MARKET PERFORMANCE - Strong performances in Argentina, Armenia, Brazil, and Italy boosted Adjusted EBITDA

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Revenue$527.30 mln
Q3 Adjusted EBITDABeat$196.80 mln$174 mln (2 Analysts)
Q3 Operating IncomeMiss$147 mln$148.80 mln (3 Analysts)
Q3 Adjusted EBITDA Margin37.30%
Q3 Operating Margin27.90%
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 $26.00, about 13.7% above its November 21 closing price of $22.44 Press Release: ID:nBw6gLcgpa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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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