Aena Achieves Record EBITDA and Net Profit in 2023, Proposes Increased Dividend

Aena reports a significant increase in EBITDA and net profit for 2023, surpassing pre-pandemic levels ahead of schedule, and announces a dividend of €7.66 per share, reflecting strong financial performance and passenger traffic recovery.

 

 

In 2023, Aena, the renowned airport operator, recorded an impressive gross operating profit (EBITDA) of €3,022.6 million, marking a 45.4% increase from 2022 and surpassing the pre-pandemic figures of 2019 by 9.3%. This achievement aligns with Aena's strategic plan for 2022-2026, reaching its EBITDA goals a year ahead of schedule, demonstrating a robust recovery from the pandemic's impact. Adjusting for specific financial adjustments, the EBITDA margin stood at 55.8%.

The company also reported a record net profit of €1,630.8 million for 2023, which includes extraordinary financial items, showcasing an 80.9% improvement over 2022's profit and exceeding the pre-pandemic net profit of 2019 by 13.1%. In light of these results, Aena plans to propose a significant dividend increase to €7.66 per share at the upcoming Shareholders' Meeting, up from €4.75 the previous year, benefiting both private and public shareholders.

Aena's total revenue reached over €5 billion, with a 21.3% year-on-year growth, driven by increased aeronautical and commercial revenue, which surpassed 2019 levels. Passenger traffic across Aena's network, including Spain, London-Luton, and the Northeast Brazil airports, grew to 314.1 million in 2023, recovering to 102.3% of the 2019 traffic figures.

On the sustainability front, Aena made significant strides by joining the Dow Jones Sustainability World Index and being recognized as one of Europe's Climate Leaders by the Financial Times. Furthermore, Aena's expansion into Brazil through Aena Desarrollo Internacional has positioned the company to manage 20% of Brazil's passenger traffic, highlighting its growing international presence.

These financial and operational milestones not only reflect Aena's strong recovery and growth but also its commitment to sustainability and expanding its global footprint in the aviation industry.