Aena has reached in 2019 a net profit of 1,442 million euros, what represents 8.6% more than in the previous year, as the company announced today. This figure reflects “the positive evolution of the business and a decrease in financial expenditure,” as explained. With these figures, the board of directors of Aena has agreed to propose to the general shareholders meeting the distribution of a gross dividend of 7.58 euros per share, charged to the results of 2019, which represents an increase of 9.4% compared to the previous year. In the Strategic Plan approved in 2018, Aena establishes a shareholder remuneration policy consisting of the distribution as a dividend of 80% of the annual net individual profit generated by the company in 2018, 2019 and 2020.
The Total revenue Aena consolidated increased to 4,503.3 million euros last year, which represents an increase of 4.2% compared to 2018. Of these, commercial revenues (27.8% of the total) stand out, which, with 1,252 million euros, grew by 7.7%. The gross operating profit (Ebitda) in 2019 was 2,766.2 million euros, 4.1% more than in the previous year. The cash flow of the company reaches 2,114.3 million euros, with an increase of 8.6% compared to 1,947.7 million euros in 2018.
Aena has kept practically stable net financial debt at 6,672.8 million euros compared to 6,654.1 million euros at the end of 2018. The Ebitda net financial debt ratio drops from 2.5 in 2018 to 2.3 times as of December 31, 2019. As for passengers registered at airports Aena’s network in Spain in 2019, the figure stood at 275.2 million travelers, 4.4% more than in 2018. The manager has highlighted the important contribution of international traffic, which represents about 69% of the total and growing 3.5%; and the 6.4% increase in national traffic. Including data from Luton Airport, the number of passengers amounts to 293.2 million, 4.6% more than in 2018. In 2019, Luton Airport registered 18 million passengers (8.6% more).
Aena has revised its passenger traffic forecast for the year 2020 in the airport network in Spain, which goes from an expected growth of 1.1% to an increase of 1.9%. This traffic estimate does not contemplate a potential impact of the coronavirus on global and European traffic in particular. The company expects to improve total revenues by approximately 4%, to 4,687 million euros.