MONTERREY, Mexico, April 25, 2016 (GLOBE NEWSWIRE) -- Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA (NASDAQ:OMAB) (BMV:OMA), today reported its unaudited, consolidated results for the first quarter of 2016 (1Q16).
First quarter 2016 summary
OMA began 2016 with positive trends. The sum of aeronautical and non-aeronautical revenues rose 19.8%, as a result of initiatives to develop passenger traffic, improve commercial services, and increase and strengthen diversification activities. Total costs and operating expenses decreased, enabling the company to increase Adjusted EBITDA by 31.6% and increase the Adjusted EBITDA margin, and also to increase operating income and net income.
|(Million Passengers and Million Pesos)||1Q15||1Q16||% Var|
|Aeronautical Revenues + Non-Aeronautical Revenues||922||1,104||19.8|
|Adjusted EBITDA Margin (Adjusted EBITDA/Aeronautical Revenues + Non-Aeronautical Revenues, %)||58.1||%||63.8||%|
|Income from Operations||435||593||36.3|
|Operating Margin (%)||42.3||%||52.6||%|
|Consolidated Net Income||258||374||44.8|
|Net Income of Controlling Interest||257||373||45.0|
|MDP and Strategic Investments||195||69||(64.6||)|
|*Based on weighted average shares outstanding|
The principal results of the first quarter include:
- Total terminal passenger traffic increased 9.7% to 4.2 million in 1Q16. Domestic traffic increased 11.6%; international traffic increased 1.0%. The airports of Monterrey, Culiacán, Ciudad Juárez, Chihuahua, and Mazatlán had the most growth.
- Five new routes opened in the quarter, including four domestic routes and one international route.
- Aeronautical revenues increased 19.8%, principally as a result of the growth in passenger traffic.
- Aeronautical revenues per passenger increased 9.2% to Ps. 193.9.
- Non-aeronautical revenues increased 19.8%, principally as a result of diversification initiatives and the development and continuous improvement in commercial services.
- Non-aeronautical revenues per passenger increased 9.2% to Ps. 70.9, principally because of diversification activities.
- Total operating costs and expenses decreased 10.0%, as a result of lower construction expense and a 4.2% decrease in cost of airport services and G&A expense.
- Adjusted EBITDA increased 31.6% to Ps. 705 million. The Adjusted EBITDA margin reached 63.8%, up 572 basis points.
- Consolidated net income increased 44.8% to Ps. 374 million. Earnings were Ps. 0.95 per share, or US$ 0.44 per American Depositary Share (ADS).
- Total investment expenditures, including MDP investments and strategic investments, were Ps. 69 million.
OMA’s complete earnings report is available at http://ir.oma.aero.
OMA (NASDAQ: OMAB; BMV: OMA) will hold its 1Q16 earnings conference call on April 26, 2016 at 11 am Eastern time, 10 am Mexico City time.
The conference call is accessible by calling 1-888-397-5352 toll-free from the U.S. or 1-719-325-2484 from outside the U.S. The conference ID is 5242765. A taped replay will be available through May 3, 2016 at 1-877-870-5176 toll free or + 1-858-384-5517, using the same ID.
The conference call will also be available by webcast at http://ir.oma.aero/events.cfm.
This press release may contain forward-looking information and statements. Forward-looking statements are statements that are not historical facts. These statements are only predictions based on our current information and expectations and projections about future events. Forward-looking statements may be identified by the words “believe,” “expect,” “anticipate,” “target,” “estimate,” or similar expressions. While OMA's management believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and are generally beyond the control of OMA, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to, those discussed in our most recent annual report filed on Form 20-F under the caption “Risk Factors.” OMA undertakes no obligation to update publicly its forward-looking statements, whether as a result of new information, future events, or otherwise.
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA, operates 13 international airports in nine states of central and northern Mexico. OMA’s airports serve Monterrey, Mexico’s first largest metropolitan area, the tourist destinations of Acapulco, Mazatlán, and Zihuatanejo, and nine other regional centers and border cities. OMA also operates the NH Collection hotel inside Terminal 2 of the Mexico City airport and the Hilton Garden Inn at the Monterrey airport. OMA employs over 1,000 persons in order to offer passengers and clients airport and commercial services in facilities that comply with all applicable international safety, security standards, and ISO 9001:2008. OMA’s strategic shareholder members are ICA, Mexico’s largest engineering, procurement, and construction company, and Aéroports de Paris Management, subsidiary of Aéroports de Paris, the second largest European airports operator. OMA is listed on the Mexican Stock Exchange (OMA) and on the NASDAQ Global Select Market (OMAB). For more information, visit
- Webpage http://ir.oma.aero
- Twitter http://twitter.com/OMAeropuertos
- Facebook https://www.facebook.com/OMAeropuertos
Chief Financial Officer Vicsaly Torres Ruiz +52 (81) 8625 4300 email@example.com Investor Relations: Emmanuel Camacho +52 (81) 8625 4308 firstname.lastname@example.org Laury Franco Castillo +52 (81) 8625 4377 email@example.com Manuel Higinio de León +52 (81) 8625 4334 firstname.lastname@example.org In the US: Daniel Wilson /Zemi Communications +1 (212) 689 9560 email@example.com Media Relations: Paola Fernández +52 (81) 8625 4300 firstname.lastname@example.org
Source:Grupo Aeroportuario del Centro Norte S.A.B. de C.V.