Corporacion America Airport reports Q3 basic EPS 34c, consensus 43c

Reports Q3 revenue $527.3M, consensus $492M. Commenting on the results for the quarter Martin Eurnekian, CEO of Corporacion America Airport (CAAP)s, noted: “We delivered another very strong quarter, achieving our highest Adjusted EBITDA to date supported by solid execution across our network. Traffic increased more than 9% year-over-year, supported by positive trends in nearly all our markets. Revenue growth once again outpaced traffic, rising 17% in the quarter, driven by broad-based strength across Aeronautical and Commercial revenues. We also saw another quarter of healthy revenue per passenger expansion, reflecting the success of our commercial initiatives. Adjusted EBITDA ex-IFRIC 12 increased nearly 34% year-over-year, supported by strong performances in Argentina, Armenia, Brazil, and Italy. To note, Argentina faced favorable comparison as 3Q24 had absorbed significant inflation-driven cost increases. As a result, the Adjusted EBITDA margin expanded by more than 5 percentage points.”