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Earnings Call Summary | Corporacion America Airports(CAAP.US) Q1 2024 Earnings Conference

moomoo AI ·  May 23 16:21  · Conference Call

The following is a summary of the Corporación América Airports S.A. (CAAP) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Corporación América Airports S.A. reported a positive Q1 2024 with values in low double figures, meeting forecasted passenger traffic growth.

  • Revenue per passenger hit a record high of $20.6.

  • The Adjusted EBITDA rose by 16% year-on-year to reach $163 million.

  • The margin expanded 1.5 percentage points, demonstrating operational leverage.

  • The company reported an all-time low leverage ratio in line with their commitment to financial strength.

Business Progress:

  • The company extended their Punta del Este concession agreement term from 2023 to 2043, further asserting their market position.

  • A year-on-year passenger traffic growth of 4.3% was noted, predominantly fuelled by international passengers.

  • An observed recovery in cargo volumes with low single-digit growth reaffirms their expanding operational breadth.

  • Future plans involve further expansion of the airport network, project assessment across different regions, and diligent monitoring of the macro and political environment in Argentina.

More details: Corporacion America Airports IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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