OMA announces First Quarter 2018 Operational and Financial Results

MONTERREY, Mexico, April 17, 2018 (GLOBE NEWSWIRE) -- 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 results for the first quarter of 2018.

Summary

OMA recorded an 8.0% increase in passenger traffic in 1Q18, principally as a result of the new routes that began operations in the previous six months (+29 net new routes). Aeronautical revenues increased 18.7% and non-aeronautical revenues rose 11.3%. Adjusted EBITDA rose 23.1% in 1Q18, with an Adjusted EBITDA margin of 67.9% — the highest quarterly margin in OMA’s history. Consolidated net income increased 44.0%. 

The principal results of the first quarter include:

• Total terminal passenger traffic increased 8.0% to 4.9 million passengers. Domestic traffic increased 8.4% and international traffic increased 5.8%. The Monterrey and Culiacán airports contributed the most to passenger growth.
• Aeronautical revenues increased 18.7%, principally as a result of traffic growth and an increase in tariffs in January 2018.
     •   Aeronautical revenues per passenger increased 9.9% to Ps. 245.6.
• Non-aeronautical revenues increased 11.3%, principally from growth in commercial activities, particularly car rental, restaurants, parking, and retail.
     •   Non-aeronautical revenues per passenger increased 3.0% to Ps. 76.7.
• Adjusted EBITDA increased 23.1% to Ps. 1,072 million. The Adjusted EBITDA margin reached 67.9%, a new record for highest margin in a quarter.  
• Consolidated net income increased 44.0% to Ps. 610 million. Earnings per share increased 44.7% to Ps. 1.55, based on weighted average shares outstanding, while earnings per American Depositary Share (ADS) rose 50.6% to US$ 0.67.
• Capex and major maintenance expenditures included in the Master Development Programs (MDP) and strategic investments totaled Ps. 423 million.

OMA’s 1Q18 earnings report is available at http://ir.oma.aero. 

OMA (NASDAQ:OMAB) (BMV:OMA) will hold its 1Q18 earnings conference call on Thursday, April 19, 2018 at 10 am Eastern time, 9 am Mexico City time.

The conference call is accessible by calling 1-800-239-9838 toll-free from the U.S. or 1-323-794-2551 from outside the U.S. The conference ID is 6016697. The conference call will also be available by webcast at http://ir.oma.aero/events.cfm.

A taped replay will be available through April 26, 2018 at 1-844-512-2921 toll free or 1-412-317-6671, using the same conference ID.

This press release may contain forward-looking information and statements. Forward-looking statements are statements that are not historical facts. These statements are only predictions based on our current information and expectations and projections about future events. Forward-looking statements may be identified by the words “believe,” “expect,” “anticipate,” “target,” “estimate,” or similar expressions. While OMA's management believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and are generally beyond the control of OMA, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to, those discussed in our most recent annual report filed on Form 20-F under the caption “Risk Factors.” OMA undertakes no obligation to update publicly its forward-looking statements, whether as a result of new information, future events, or otherwise.   

About OMA

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA, operates 13 international airports in nine states of central and northern Mexico. OMA’s airports serve Monterrey, Mexico’s second largest metropolitan area, the tourist destinations of Acapulco, Mazatlán, and Zihuatanejo, and nine other regional centers and border cities. OMA also operates the NH Collection Hotel inside Terminal 2 of the Mexico City airport and the Hilton Garden Inn at the Monterrey airport. OMA employs over 1,000 persons in order to offer passengers and clients airport and commercial services in facilities that comply with all applicable international safety, security, and ISO 9001:2008 environmental standards.  OMA is listed on the Mexican Stock Exchange (OMA) and on the NASDAQ Global Select Market (OMAB). For more information, visit:

• Webpage http://ir.oma.aero
• Twitter http://twitter.com/OMAeropuertos
  
• Facebook https://www.facebook.com/OMAeropuertos

CONTACT:

Chief Financial Officer
Ruffo Pérez Pliego
+52 (81) 8625 4300
[email protected] 

Investor Relations: 
Emmanuel Camacho 
+52 (81) 8625 4308
[email protected]

In the US: Daniel Wilson /Zemi Communications
+1 (212) 689 9560
[email protected] 

Media Relations:
Paola Fernández
+52 (81) 8625 4300
[email protected]