OMA Announces Fourth Quarter and Full Year 2019 Operating and Financial Results.
MEXICO CITY: 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 2019.
Full year 2019 Summary
Ps.1,357 in Capital investments and major maintenance included in the Master Development Plans (MDPs) plus strategic investments in 2019.
During 2019, we inaugurated the expansion and remodeling of the San Luis Potosi and Chihuahua airports terminal buildings.
Passenger traffic grew 7.4%, reaching 23.2 million passengers.
In 2019, 46 new routes began to operate, of which, 30 were domestic and 16 were international. Net opening of routes was 33.
4Q19 Summary
Capital investments and major maintenance included in the Master Development Plans (MDPs) plus strategic investments were Ps. 491 million for the quarter.
Passenger traffic grew 7.6%, reaching 6.0 million passengers.
(Thousand Passengers and Million Pesos)
4Q18
4Q19
% Var
2018
2019
% Var
Passenger Traffic
5,531
5,952
7.6
21,566
23,168
7.4
Aeronautical Revenues
1,312
1,442
10.0
5,140
5,753
11.9
Non-Aeronautical Revenues
431
473
9.8
1,625
1,820
11.9
Aeronautical + Non-Aeronautical Revenues
1,742
1,915
9.9
6,766
7,572
11.9
Construction Revenues
279
348
24.7
1,142
955
(16.4
)
Total Revenues
2,021
2,263
12.0
7,907
8,527
7.8
Adjusted EBITDA
1,217
1,402
15.2
4,733
5,563
17.5
Adjusted EBITDA Margin (%)
69.9
%
73.2
%
70.0
%
73.5
%
Income from Operations
1,059
1,165
10.0
4,133
4,855
17.5
Operating Margin (%)
52.4
%
51.5
%
52.3
%
56.9
%
Consolidated Net Income
819
761
(7.1
)
2,864
3,227
12.7
Net Income of Controlling Interest
816
758
(7.1
)
2,852
3,220
12.9
EPS (Ps.)
2.07
1.94
(6.6
)
7.25
8.20
13.1
EPADS (US$)
0.84
0.82
(2.7
)
2.95
3.48
17.8
MDP and Strategic Investments
342
491
43.6
1,449
1,357
(6.3
)
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