Grupo Aeroportuario del Centro Norte raises full year guidance as 1H2016 results exceed expectations

Grupo Aeroportuario del Centro Norte (OMA) revenue up 21% - financial highlights:

• Three months ended 30-Jun-2016:
• • Total revenue: MXN1339 million (USD74.0 million), +21.0% year-on-year;
  • • Aeronautical: MXN955 million (USD52.8 million), +27.0%;
    • Non-aeronautical: MXN337 million (USD18.6 million), +24.5%;
  • Adjusted EBITDA: MXN808 million (USD44.7 million), +36.8%;
  • Net profit: MXN446 million (USD24.7 million), +60.9%;
  • Passenger numbers: 4.5 million, +8.7%;
  • Non-aeronautical revenue per passenger: MXN74.3 (USD4.1), +14.5%;
• Six months ended 30-Jun-2016:
• • Total revenue: MXN2467 million (USD136.3 million), +15.5%;
  • • Aeronautical: MXN1763 million (USD97.4 million), +23.6%;
    • Non-aeronautical: MXN633 million (USD35.0 million), +22.2%;
  • Adjusted EBITDA: MXN1512 million (USD83.6 million), +34.3%;
  • Net profit: MXN819 million (USD45.3 million), +53.2%;
  • Passenger numbers: 8.7 million, +9.2%;
  • Non-aeronautical revenue per passenger: MXN72.7 (USD4.0), +11.9%;
  • Total assets: MXN11,951 million (USD660.4 million);
  • Cash and cash equivalents: MXN2032 million (USD112.3 million);
  • Total liabilities: MXN6630 million (USD366.3 million). [more - original PR]

*Based on the average conversion rate at MXN1 = USD0.055281 for 2Q2016
*Based on the average conversion rate at MXN1 = USD0.0.055258 for 1H2016

Grupo Aeroportuario del Centro Norte: "As a result of the increase in traffic volumes in the first six months of 2016 above the levels expected, and taking into account the optimisation of specific aeronautical tariffs at the Group's airport, OMA is revising its outlook for 2016. OMA estimates that total passenger traffic growth for 2016 will be between 8% and 10% (previously 6% to 8%). The growth in aeronautical revenues is estimated to be between 24% and 26% (previously 22% to 24%), and non-aeronautical revenues are expected to increase between 17% and 19% (previously 13% to 15%). The Adjusted EBITDA margin is expected to be between 61% and 63% (previously 60% to 62%)." Source: Company statement, 25-Jul-2016.