MONTERREY, Mexico, April 24, 2008 (PRIME NEWSWIRE) -- Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., or OMA, reported its unaudited, preliminary results for the first quarter of 2008 today.
1Q07 1Q08 Var.%
Terminal passengers (million) 3.4 3.7 11.5
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Revenues (Ps. million) 448 502 11.9
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Income from operations 177 204 15.5
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Adjusted EBITDA 251 289 15.1
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Adjusted EBITDA margin 55.9% 57.5%
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Income before taxes 195 332 70.1
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Net Income 127 270 112.5
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EPS (Ps.) 0.32 0.70
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EPADS (US$) 0.24 0.52
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Capital expenditures 186 597 220.4
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First quarter 2008 highlights (compared to the first quarter of 2007)
-- Passenger traffic totaled 3.7 million in the quarter, an increase
of 11.5%. Ten of our 13 airports reported increases. Domestic
traffic grew 15.8%; international traffic decreased 2.0%.
-- Total net revenues increased 11.9% to Ps. 502 million.
-- Cost of services and administrative expenses rose a combined 7.3%
to Ps. 173 million, as compared to Ps. 161 million in the same
period of 2007.
-- Cost of services and administrative expenses per passenger
decreased 3.7% to Ps. 46.1, as compared to Ps. 47.9 in the same
period of 2007.
-- Operating income increased 15.5%.
-- Adjusted EBITDA rose 15.1% to Ps. 289 million, equivalent to a
57.5% margin.
-- Net income was Ps. 270 million, an increase of 112.5% over the
prior year period. Earnings per share were Ps. 0.70, or US$0.52
per American Depositary Share (ADS).
OMA's full earnings report is available at http://ir.oma.aero
OMA will hold a conference call on April 28, 2008 at 10:00 am EST, 9:00 am Mexico City time.
The conference call is accessible by calling (800) 762-8795 toll-free from the U.S. or +1 (480) 629-9031 from outside the U.S. The confirmation code is 3872781. A taped replay will be available through May 5, 2008 at (800) 406-7325 toll free or +1 (303) 590-3030.
The conference call will also be available by webcast at http://ir.oma.aero/events.cfm.
About OMA
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., 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, Mazatlan, and Zihuatanejo, and nine other regional centers and border cities. OMA employs over 900 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 9001:2000. OMA's strategic shareholder members are ICA, Mexico's largest engineering, procurement, and construction company, and Aeroports 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). Please visit our website, www.oma.aero.