– Total revenues increased to 675.2 million, up 14.6%, driven by traffic performance and strong growth in commercial revenues (16% more than in the same period of 2014).

– The growth trend in passenger traffic is consolidated, reaching 37.3 million in the first three months of 2015, an increase of 6.2% over the same period in 2014.

– Improvement in revenues and maintenance of efficiency enables the company to close the first quarter with a net profit of 12.2 million euros (121.6% more than in the same period of 2014).

Aena SA, the leading airport operator in the world by number of passengers and a listed company since last February 11, has achieved a gross operating profit (EBITDA) of 226.4 million euros, up 27.2% on last year.

The strong growth in the EBITDA is due to the consolidation of air traffic, which in the first quarter of 2015 was 6.2% more than in the same period of 2014, driven by both domestic and international traffic; further supported by solid growth in commercial revenues (both inside and outside terminal) (16%), the maintenance of cost efficiency, and the consolidation of Luton Airport (8.9 million euros of EBITDA).

The total revenues reported by Aena in the first quarter of 2015 increased to 675.2 million euros, representing an increase of 14.6% over 2014, 26.7% of which are commercial revenues.

The effort in cost reduction carried out in recent years is reflected in the maintenance of efficiency in the first quarter (operating expenses, excluding Luton, + 0.9%).

The net profit for the year amounted to 12.2 million euros in the first quarter of 2015, an increase of 121.6% over the same period of 2014. In the period deductions for investments amounting to 34.4, million euros have been recorded, and as a result of the takeover of Luton the results have been proceeded to be consolidated through global integration.

Financial discipline

Debt reduction during the first quarter of 2015 is linked to cash flow generation and quarterly debt repayment to the amount of 271 million. Net Financial Debt (1) as of March 31, 2015, amounted to 10,430 million euros compared to 10.733 million euros at the end of 2014.

The investment paid during the first quarter of 2015 amounted to 32.2 million euros, including 3.1 million euros from Luton.

First quarter statistics

The Aena network consolidates the growth trend that has been occurring continuously for a year and a half in passenger traffic. The first quarter of 2015 shows an increase of 6.2% with more than 37.3 million passengers throughout the Aena network and up 3.3% in number of transactions.

Traffic recovery in the main airport of the network, Adolfo Suarez Madrid-Barajas, is remarkable. It grew by 11.8% in number of passengers compared to the same period of 2014.

Source: AENA
Photo: Jordi Cucurull/ flickr