20-Oct-2010 2:49 PM

Dufry Group rated 'overweight' by Morgan Stanley; OMA reports 16.6% revenue increase

Mexico’s Grupo Aeroportuario del Centro Norte (OMA) (-0.7%) shares fell slightly on Tuesday (19-Oct-2010) after reporting the following financial highlights for the three months ended 30-Sep-2010:

Revenue: USD45.4 million, +16.6% year-on-year;
- Aeronautical: USD35.3 million, +11.6%;
- Domestic passenger charges: USD22.0 million, +12.0%;
- International passenger charges: USD5.8 million, +13.9%;
- Non-aeronautical: USD10.1 million, +38.1%;
- Parking: USD2.3 million, +1.3%;
- Leases: USD2.0 million, +24.9%;
Adjusted EBITDA: USD12.7 million, -39.8%;
Net profit (loss): (USD319,109), compared with a profit of USD8.6 million in p-c-p;
Capital expenditure: USD8.3 million;
Total assets: USD819.6 million, +2.6%;
Total liabilities: USD223.1 million, +8.6%;
Passenger numbers: 3.1 million, +4.3%;
Cargo volume: 23,906 tonnes, +28.9%;
Aircraft movements: 85,394, +7.1%;
Revenue per passenger: USD14.6, +11.8%.
- *Based on the conversion rate at USD1 = MXN12.5349

See related CAPA profile: Financial results

Mexico’s GAP (-0.5%) announced its passenger traffic rose by 6.2% in Sep-2010:

Passenger numbers: 1.3 million, +6.2%
Domestic: 981,700, +7.6%;
International: 348,600, +2.5%.

Dufry Group rose 3.4% to 107.5 francs, its highest price since Jun-2008. The operator of duty free shops was rated a new “overweight” at Morgan Stanley according to Bloomberg.

Selected airports daily share price movements (% change): 19-Oct-2010