Aena plans a net profit of 1,272 million euros for this year and 1,311 million euros in 2019, which means an annual growth of 3.2%, with a payout of 80% for the next three years, according to its Strategic Plan 2018-2021 deposited this Wednesday at the National Securities Market Commission (CNMV) . This has not been well received by investors, as the public airport operator's shares fell 3.41% on the Ibex 35 in the middle of the session.
The company has estimated to reach orWe have consolidated revenues of 4,244 million euros this year and 4,362 million euros in 2019, with a compound annual growth rate of 4.1%, while the gross operating result (Ebitda) will be 2,584 million euros this year and 2,588 million euros in 2019, with an annual increase of 1.4%.
According to the plan, Aena's commercial revenues will continue to grow "moderately" supported by functional redesigns, while the company will continue to executen plan to develop the real estate business and will give new impetus to international development.
Latin America and Europe
AENA will boost its international expansion with the focus placed in Latin America and Europe, markets in which it already exists, while exploring geographies with "attractive assets" such as Asia, the Middle East and North America, according to the company, which does not rule out mergers or acquisitions.
"AENA is in a privileged position to continue its international expansion", the presentation pointed out, highlighting that while will seek to enter into new projects, will consolidate its current assets, such as Luton airport, in London; its participation in GAP, in Mexico, and public-private collaboration projects in Cartagena and Cali, in Colombia.
The objective is that in "key" markets AENA maintains a majority shareholding in the projects in which it participates and relies on local and / or financial partners. In this line, the operator will allocate sufficient capital resources to be able to face with guarantees the fusions and acquisitions consistent with the strategic principles and with the objective that the international activity contributes to the AENA results account in a significant percentage.
According to the same source, AENA will continue working with appropriate partners at each opportunity and will continue giving preference to specialized financial investors In infrastructures and in the most unknown geographies, you will explore the partnership with local partners that contribute positions.