CorporaciÃ³n AmÃ©rica Airports S.A. (NYSE:CAAP), the largest private sector airport concession operator based on the number of airports under management and the tenth largest private sector airport operator worldwide based on passenger traffic, has reported its unaudited, consolidated results for the three- and twelve-month periods ended December 31, 2017, the company said.
Revenues up 8.4% YoY to USD 416.6 million mainly driven by Argentina and Armenia and further supported by Italy and Uruguay
Positive dynamics across key operating metrics:
Passenger traffic up 7.6% YoY to 19.5 million;
Cargo volume increased 8.0% to 121.0 thousand tons; and
Aircraft movements rose 1.0% to 214.0 thousand
Consolidated Adjusted EBITDA reached USD 106.9 million, up 17.8% YoY
The Argentine government granted Aeropuertos Argentina 2000 S.A.(“AA2000”) the concession to operate the El Palomar Airport located in the province of Buenos Aires
Revenues up 15.3% YoY to USD 1.6 billion principally driven by Argentina and Armenia and further supported by all other concessions; Positive dynamics across key operating metrics: Passenger traffic up 6.7% YoY to 76.6 million; Cargo volume increased 8.1% to 389.8 thousand; and Aircraft movements rose 1.8% to 851.3 thousand.
Consolidated Adjusted EBITDA reached USUSD 461.6 million, up 8.1% YoY
CorporaciÃ³n AmÃ©rica Airports acquires, develops and operates airport concessions. The company is the largest private airport operator in the world based on the number of airports and the tenth largest based on passenger traffic. Currently, the company operates 52 airports in 7 countries across Latin America and Europe (Argentina, Brazil, Uruguay, Peru, Ecuador, Armenia and Italy). In 2017, it served 76.6 million passengers. The company is listed on the New York Stock Exchange where it trades under the ticker “CAAP”. For more information, visit http://investors.corporacionamericaairports.com