MONTERREY, Mexico, Feb. 11, 2019 (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 financial and operating results for the fourth quarter and full year 2018. 

Highlights full year 2018

  • Adjusted EBITDA grew 23.6%, with a margin of 70.0%

  • Aeronautical and Non-Aeronautical revenues increased 16.6%

  • Passenger traffic increased 9.7%

  • Net income rose 34.0%

  • Capital investments and major maintenance included in the Master Development Plans (MDPs) plus strategic investments reached Ps. 1,449 million in 2018.

Highlights 4Q18

  • Adjusted EBITDA grew 21.9%, with a margin of 69.9%

  • Aeronautical and Non-Aeronautical revenues increased 17.7%

  • Passenger traffic increased 10.4%

  • Net income rose 31.2%
        
(Thousand Passengers and Million Pesos)4Q174Q18% Var20172018% Var 
Passenger Traffic5,0105,53110.419,66221,5669.7 
Aeronautical Revenues1,0901,31220.34,3475,14018.2 
Non-Aeronautical Revenues39043110.41,4561,62511.6 
Aeronautical + Non-Aeronautical Revenues1,4801,74217.75,8036,76616.6 
Construction Revenues410279(32.0)1,3291,142(14.1) 
Total Revenues 1,8912,0216.97,1337,90710.9 
Adjusted EBITDA9991,21721.93,8294,73323.6 
Adjusted EBITDA Margin (%)67.5%69.9% 66.0%70.0%  
Income from Operations8301,05927.53,2394,13327.6 
Operating Margin (%)43.9%52.4% 45.4%52.3%  
Consolidated Net Income62581931.22,1372,86434.0 
Net Income of Controlling Interest62181631.42,1282,85234.0 
EPS (Ps.)1.582.0731.45.407.2534.1 
EPADS (US$)0.640.8431.92.192.9534.7 
MDP and Strategic Investments590342(42.0)1,6841,449(14.0) 
 

4Q18 Results Summary

Adjusted EBITDA grew 21.9%, with an Adjusted EBITDA margin of 69.9%.

Aeronautical and non-aeronautical revenues rose 17.7%, while passenger traffic increased 10.4%.   

Aeronautical revenues rose 20.3%, mainly as a result of higher traffic volumes.

Non-aeronautical revenues grew 10.4%, led by growth in the parking and VIP lounges line items. 

Cost of airport services and G&A expense increased 4.0%.  The growth reflected primarily an increase in payroll expense and electricity tariffs. 

Capital investments and major maintenance included in the Master Development Plans (MDPs) plus strategic investments reached Ps. 342 million. Investments included the construction process of a new passenger terminal in the Reynosa airport, the expansion and remodeling of the Chihuahua and San Luis Potosí passenger terminals; as well as other operational infrastructure works.  All investments were funded out of cash generated from operations.

The ratio of net debt to EBITDA was 0.34 as of December 31, 2018.

OMA’s complete earnings report is available at http://ir.oma.aero/financial-information/quarterly-results

OMA will hold its 4Q18 earnings conference call on February 12, 2018 at 11 am Eastern time, 10 am Mexico City time.

Call 1-877-407-9208 toll-free from the U.S. or 1-201-493-6784 from outside the U.S. The conference ID is 13686952. The conference call will also be available by webcast at http://ir.oma.aero/events.cfm.

This report 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.

About OMA

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 third 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, and ISO 9001:2008 environmental standards.  OMA is listed on the Mexican Stock Exchange (OMA) and on the NASDAQ Global Select Market (OMAB). For more information, visit:


CONTACT:

Chief Financial Officer
Ruffo Pérez Pliego
+52 (81) 8625 4300
rperezpliego@oma.aero

Investor Relations:
Emmanuel Camacho
+52 (81) 8625 4308
ecamacho@oma.aero