Grupo Aeroportuario del Sureste SAB de CV (BUE:ASR)
ARS 19,500 +325 (+1.69%) Market Cap: 11.57 Tn Enterprise Value: 11.62 Tn PE Ratio: 17.44 PB Ratio: 3.18 GF Score: 99/100
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Q4 2024 Grupo Aeroportuario del Sureste SAB de CV Earnings Call Transcript

Feb 25, 2025 / 02:00 PM GMT
Release Date Price: ARS16225 (-1.67%)

Key Points

Positve
  • Total revenues for the quarter increased by 19% year on year to 7.24 billion pesos, reflecting strong performance across all regions.
  • Colombia led growth with a 30% increase in top-line revenue, supported by rising passenger traffic.
  • Puerto Rico delivered high 20% revenue growth, supported by strong increases in both aeronautical and non-aeronautical revenues.
  • Consolidated EBITDA was up 23% year on year to over 5 billion pesos, with an adjusted EBITDA margin improvement of 200 basis points to 69.7%.
  • The company opened 45 new commercial spaces over the last 12 months, contributing to commercial revenue growth in the high single digits.
Negative
  • Passenger traffic was flat year over year, down 0.3%, with weaker performance in Mexico.
  • International traffic experienced year-on-year declines from all regions, including a decrease of 8.8% from the US.
  • Mexico's performance remains soft, with an 8% decline in passenger traffic year on year.
  • Total expenses increased by 13% year on year, with significant cost increases in Mexico due to higher concession fees and minimum wages.
  • The ongoing traffic restrictions and air traffic capacity constraints at Mexico City Airport are constraining traffic flows.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ASURB.MX - Grupo Aeroportuario del Sureste SAB de CV
Q4 2024 Grupo Aeroportuario del Sureste SAB de CV Earnings Call
Feb 25, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good ladies and gentlemen, and welcome to AS 4th quarter 2024 results conference call. My name is Melissa, and I'll be your operator.

At this time, all participants are in a listen-only mode. We will conduct a question and answer session toward the end of today's conference. If you'd like to ask a question, please press 1.

If you'd like to withdraw your question at any time, please press 2.

If you're using a speakerphone, please lift the handset before making your selection.

As a reminder, today's call is being recorded, and now I'd like to turn the call over to Mr. Adolfo Castro, Chief Executive Officer. Please go ahead, sir.

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