Aena SME S.A. ADR (OTCPK:ANYYY) Q2 2025 Earnings Conference Call July 30, 2025 7:00 AM ET Company Participants Carlos Gallego - Head, IR Ignacio Castejón Hernández - CFO Maurici Lucena Betriu - Chairman & CEO Conference Call Participants Andrew Lobbenberg - Barclays Bank PLC Cristian Nedelcu - UBS Investment Bank Dario Maglione - BNP Paribas Exane Elodie Yvonne Daniele Rall - JPMorgan Chase & Co Graham Hunt - Jefferies LLC José Manuel Arroyas - Banco Santander, S.A.
Aena S.M.E., S.A. (OTCPK:ANYYY) Q1 2025 Results Conference Call April 30, 2025 8:00 AM ET Company Participants Carlos Gallego - Head, Investor Relations Ignacio Castejon - Chief Financial Officer Maurici Lucena - Chairman and Chief Executive Officer Conference Call Participants Luis Prieto - Kepler Capital Cristian Nedelcu - UBS Graham Hunt - Jefferies Elodie Rall - JPMorgan Andrew Lobbenberg - Barclays Jose Arroyas - Santander Operator Ladies and gentlemen, thank you for standing by.
Aena S.M.E., S.A. (OTCPK:ANYYY) Q4 2024 Earnings Call February 26, 2025 7:00 AM ET Company Participants Carlos Gallego - Head, Investor Relations Maurici Lucena - Chairman and Chief Executive Officer Ignacio Castejon - Chief Financial Officer Conference Call Participants Cristian Nedelcu - UBS Luis Prieto - Kepler Capital Elodie Rall - JPMorgan Andrew Lobbenberg - Barclays Dario Maglione - BNP Paribas Marcin Wojtal - Bank of America José Arroyas - Santander Carlos Gallego Good afternoon, everyone and welcome to our 2024 Results Presentation.
Citi downgraded Aena to Neutral from Buy with a price target of EUR 210, down from EUR 220. The firm cites concerns of traffic growth and flat tariffs for the downgrade. It believes European airports with tariff and regulatory stability will outperform in 2025 as Citi expects traffic growth will start to moderate.
Aena S.M.E., S.A. (OTCPK:ANYYY) Q3 2024 Earnings Conference Call October 30, 2024 8:00 AM ET Company Participants Carlos Gallego - Head, Investor Relations Maurici Lucena - Chairman & Chief Executive Officer Ignacio Castejon - Chief Financial Officer Conference Call Participants Graham Hunt - Jefferies Elodie Rall - JPMorgan Chase & Co Sathish Sivakumar - Citigroup Inc. Andrew Lobbenberg - Barclays Marcin Wojtal - Bank of America Harishankar Ramamoorthy - Deutsche Bank Dario Maglione - BNP Paribas Exane Operator Thank you for standing by.
Share price increased by over 26% since Q2 earnings, driven by strong fundamentals, despite headwinds like increased operational expenses and the Barcelona-El Prat airport expansion suspension. Operating expenses increased 6% YoY due to inflation, with significant increases in staff costs, mobility services, and maintenance, alongside €462 million in capex. Despite headwinds, Aena achieved a 17.7% revenue growth and a 33.1% net income increase in H1 2024, with a reduced net debt/EBITDA ratio and strong EBITDA margins.
Aena S.M.E., S.A. (OTCPK:ANYYY) Q2 2024 Earnings Conference Call July 31, 2024 7:00 AM ET Company Participants Carlos Gallego - Head, Investor Relations Maurici Lucena - Chairman & Chief Executive Officer Ignacio Castejón - Chief Financial Officer Conference Call Participants Cristian Nedelcu - UBS Graham Hunt - Jefferies Elodie Rall - JPMorgan Sathish Sivakumar - Citigroup Andrew Lobbenberg - Barclays Dario Maglione - BNP Paribas José Arroyas - Santander Fernando Lafuente - Alantra Victor Acitores - Bernstein Marcin Wojtal - Bank of America Nicolas Mora - Morgan Stanley Operator Thank you for standing by.
Aena owns all major airports in Spain, benefiting from the country's booming tourism industry, with additional concessions in Brazil and a small stake in Grupo Aeroportuario del Pacifico. Aena has seen significant revenue growth, recovering from pre-pandemic levels, and increasing non-regulated income from airport retail and services. The company is expanding its international presence, while maintaining low operational costs and leading in sustainability efforts.