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grupo aeroport del sureste-b (ASRMF) Key Developments

Grupo Aeroportuario del Sureste, SAB de CV, Q2 2014 Earnings Call, Jul 22, 2014

Grupo Aeroportuario del Sureste, SAB de CV, Q2 2014 Earnings Call, Jul 22, 2014

Grupo Aeroportuario del Sureste, S.A.B. de C.V. Announces Unaudited Consolidated Operating and Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Grupo Aeroportuario del Sureste, S.A.B. de C.V. announced unaudited consolidated operating and earnings results for the second quarter and six months ended June 30, 2014. For the second quarter of 2014, the company’s total passenger traffic increased year-over-year by 10.65%. Domestic passenger traffic rose 11.82% while international passenger traffic increased by 9.74%. Total passenger traffic was 5,204,200 against 5,758,600 a year ago. The 11.82% growth in domestic passenger traffic was driven by increases at across all airports. The 9.74% growth in international passenger traffic resulted mainly from an increase of 9.74% in international traffic at the Cancun airport. For the six months, the company’s total passenger traffic increased year-over-year by 8.34%. Domestic passenger traffic rose 8.57% while international passenger traffic increased by 8.18%. Total passenger traffic was 10,739,700 against 11,635,200 a year ago. For the quarter, the company’s total revenues increased year-over-year by 4.46% to MXN 1,340.630 million compared to MXN 1,283.417 million a year ago. This was mainly due to increases of 7.55% in revenues from aeronautical services, mainly as a result of a 10.65% increase in passenger traffic; 9.17% in revenues from non-aeronautical services, principally reflecting the 9.07% increase in commercial revenues. Operating income was MXN 761.063 million against MXN 701.393 million a year ago. Income before income taxes was MXN 793.966 million against MXN 663.124 million a year ago. Net income declined by 15.24% to MXN 554.746 million from MXN 654.505 million in the second quarter of 2013. Earnings per common share for the quarter were MXN 1.8492, or earnings per ADS (EPADS) of USD 1.4256 (one ADS represents ten series B common shares). This compares with earnings per share of MXN 2.1817, or EPADS of USD 1.6819, for the same period last year. This decline principally reflects the benefit in second quarter of 2013 from the Mexican tax amnesty program, as well as the negative impact from the increase in the income tax rate from 28% to 30% as of January 2014. EBITDA was MXN 873.784 million against MXN 804.753 million a year ago. Net cash flow provided by operating activities was MXN 778.316 million against MXN 510.489 million a year ago. Investments in machinery, furniture and equipment, net were MXN 85.390 million against MXN 193.277 million a year ago. For the six months, the company’s total revenues increased year-over-year by 2.48% to MXN 2,723.765 million compared to MXN 2,657.925 million a year ago, mainly due to the following increases: 5.21% in revenues from aeronautical services as a result of the 8.34% increase in passenger traffic during the period; 10.27% in revenues from non-aeronautical services, principally as a result of the 10.29% increase in commercial revenues. Operating income was MXN 1,599.056 million against MXN 1,515.565 million a year ago. Income before income taxes was MXN 1,645.008 million against MXN 1,401.433 million a year ago. Net income for first half of 2014 was increased by 4.21% to MXN 1,189.120 million from MXN 1,141.112 million a year ago. Earnings per common share for the six-month period were MXN 3.9637 or earnings per ADSs (EPADS) of USD 3.0558 (one ADS represents ten series B common shares). This compares with MXN 3.8037, or EPADS of USD 2.9324, for the first half 2013. EBITDA was MXN 1,824.812 million against MXN 1,722.070 million a year ago. Net cash flow provided by operating activities was MXN 1,141.510 million against MXN 1,144.643 million a year ago. Investments in machinery, furniture and equipment, net were MXN 49.213 million against MXN 102.296 million a year ago.

Grupo Aeroportuario del Sureste, SAB de CV Announces Traffic Results for the Month of June 2014

Grupo Aeroportuario del Sureste, SAB de CV announced traffic results for the month of June 2014. For the month, the company reported total domestic passenger traffic was 833,997 compared to 802,918 for the same month a year ago. Total International passenger traffic was 1,036,683 compared to 948,865 for the same month a year ago. The company's total passenger traffic was 1,870,680 compared to 1,751,783 for the same month a year ago, increased by 6.8% when compared to June 2013.

Grupo Aeroportuario del Sureste, SAB de CV Announces Traffic Results for the Month of May 2014

Grupo Aeroportuario del Sureste, SAB de CV announced traffic results for the month of May 2014. For the month, the company reported total domestic passenger traffic was 884,631 compared to 760,276 for the same month a year ago. Total International passenger traffic was 1,021,666 compared to 911,256 for the same month a year ago. The company's total passenger traffic was 1,906,297 compared to 1,671,532 for the same month a year ago, increased by 14.0% when compared to May 2013.

Grupo Aeroportuario del Sureste, SAB de CV Reports Traffic Results for the Month of April 2014

Grupo Aeroportuario del Sureste, SAB de CV reported traffic results for the month of April 2014. For the month, the company reported total domestic sales of 834,799 compared to 720,290 a year ago. Total international sales were 1,146,807 compared to 1,060,693 a year ago. Total sales were 1,981,606 compared to 1,780,983 a year ago.

 

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