Aena's 2024 revenues grew 13.3% to €5.83 billion, driven by 8.5% passenger traffic growth and double-digit growth in all business segments. EBITDA margins expanded to 60.2%, with total EBITDA growing 16.1% to €3.5 billion, indicating strong operational efficiency. Despite macroeconomic and geopolitical risks, Aena's geographical diversification and continued air travel demand present significant growth opportunities.
I'm maintaining a buy rating for Aena with an increased FY2024 price target of $256.76, representing 15% upside. Aena's strong first half results and expected third quarter growth are driven by higher passenger volumes and increased revenue per passenger. Risks include macroeconomic changes, airline bankruptcies, and regional pressures, while opportunities lie in continued air travel demand and improved commercial revenues.
![]() ANNSF In 10 months Estimated | Annual | $10.25 Per Share |
![]() ANNSF 1 month ago Paid | Annual | $10.25 Per Share |
![]() ANNSF 3 May 2024 Paid | Annual | $8.22 Per Share |
![]() ANNSF 2 May 2023 Paid | Annual | $5.22 Per Share |
![]() ANNSF 17 Apr 2019 Paid | Annual | $6.93 Per Share |
![]() ANNSF 17 Apr 2018 Paid | Annual | $6.5 Per Share |
18 Apr 2025 Date | | - Cons. EPS | - EPS |
30 Oct 2024 Date | | - Cons. EPS | 4.7 EPS |
31 Jul 2024 Date | | - Cons. EPS | 3.93 EPS |
25 Oct 2016 Date | | 2.86 Cons. EPS | 3.02 EPS |
26 Jul 2016 Date | | 2.01 Cons. EPS | 3.09 EPS |
![]() ANNSF In 10 months Estimated | Annual | $10.25 Per Share |
![]() ANNSF 1 month ago Paid | Annual | $10.25 Per Share |
![]() ANNSF 3 May 2024 Paid | Annual | $8.22 Per Share |
![]() ANNSF 2 May 2023 Paid | Annual | $5.22 Per Share |
![]() ANNSF 17 Apr 2019 Paid | Annual | $6.93 Per Share |
![]() ANNSF 17 Apr 2018 Paid | Annual | $6.5 Per Share |
18 Apr 2025 Date | | - Cons. EPS | - EPS |
30 Oct 2024 Date | | - Cons. EPS | 4.7 EPS |
31 Jul 2024 Date | | - Cons. EPS | 3.93 EPS |
25 Oct 2016 Date | | 2.86 Cons. EPS | 3.02 EPS |
26 Jul 2016 Date | | 2.01 Cons. EPS | 3.09 EPS |
Airlines, Airports & Air Services Industry | Industrials Sector | Mr. Maurici Lucena Betriu CEO | OTC PINK Exchange | ES0105046009 ISIN |
ES Country | 9,511 Employees | 23 Apr 2025 Last Dividend | - Last Split | - IPO Date |
Aena S.M.E., S.A., alongside its subsidiaries, plays a critical role in the operation, maintenance, management, and administration of airport infrastructures and heliports. Its operational footprint spans Spain, Brazil, the United Kingdom, Mexico, and Colombia, positioning it as a significant entity in the global aviation industry. The company’s activities are segmented into four main categories: Airports, Real Estate Services, International, and SCAIRM. Originally known as Aena, S.A., the company underwent a rebranding to Aena S.M.E., S.A. in April 2017, underlining its evolution and expanded scope of services. Founded in 2010 and headquartered in Madrid, Spain, Aena S.M.E., S.A. operates as a subsidiary of Entidad Pública Empresarial ENAIRE, highlighting its strategic alignment with Spain's national air navigation services provider.
This core service involves the comprehensive management and operation of airport facilities, ensuring smooth, efficient, and secure operations for passengers, airlines, and other stakeholders. Aena S.M.E., S.A. extends beyond basic airport operations to include meticulous maintenance and administrative services that contribute to the overall functionality and safety of airport infrastructures.
Under its real estate services, Aena S.M.E., S.A. leverages the vast spaces within and around airport terminals. The company engages in leasing activities for commercial spaces such as office buildings, warehouses, hangars, and cargo storage facilities. These are offered to a diverse clientele that includes airlines, air cargo operators, handling agents, and other airport service providers, facilitating a broad range of aviation-related activities.
Aena manages and leases areas within airport terminals for various commercial purposes. This includes duty-free shops, specialty shops, and food and beverage establishments. Furthermore, the company provides space for financial services, luggage wrapping services, vending machines, and more. This diversification into commercial operations and advertising underscores Aena's approach to maximising the commercial potential of airport terminals.
The company operates a comprehensive network of parking lots catering to the needs of travelers and visitors. By providing accessible and secure parking solutions, Aena S.M.E., S.A. enhances the overall airport experience, demonstrating its commitment to customer service and convenience.