OMA announces First Quarter 2017 Operational and Financial

MONTERREY, Mexico, May 03, 2017 (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 2017.

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

First quarter 2017 summary

OMA generated growth in its operating indicators and solid financial results in the first quarter of 2017. The sum of aeronautical and non-aeronautical revenues rose 22.4%. The increase in aeronautical revenues reflects an increase of 8.8% in passenger traffic. Non-aeronautical revenue growth was noteworthy for the performance of diversification activities, principally hotels and OMA Carga, and the performance of auto rentals, stores, and parking, among commercial activities. Adjusted EBITDA rose 23.6%, with an Adjusted EBITDA margin of 64.4%. Operating income rose 26.5%, and net income increased 13.3%.

The principal results of the first quarter include:

•  Total terminal passenger traffic increased 8.8% to 4.5 million in 1Q17. Domestic traffic increased 9.6%, while international traffic increased 4.3%. The Monterrey, Culiacán, Chihuahua, and Ciudad Juárez airports recorded the most growth.

•  Aeronautical revenues increased 25.4%, principally as a result of the growth in passenger traffic and an increase in specific tariffs in 2Q16.

• Aeronautical revenues per passenger increased 15.3% to Ps. 223.6.

•  Non-aeronautical revenues increased 14.3%, principally as an indirect result of increased passenger traffic and the performance of diversification activities.

• Non-aeronautical revenues per passenger increased 5.1% to Ps. 74.4.

•  Adjusted EBITDA increased 23.6% to Ps. 871 million. The Adjusted EBITDA margin reached 64.4%, up 61 basis points.

•  Consolidated net income increased 13.3% to Ps. 424 million. Earnings were Ps. 1.07 per share, or US$ 0.45 per American Depositary Share (ADS).

•  Total Capex, major maintenance, and other smaller expenditures included in the Master Development Programs (MDP) and strategic investments totaled Ps. 312 million.

Material and Subsequent Events

Annual General Ordinary Shareholders’ Meeting:  the Annual Meeting on April 28, 2017 approved the following resolutions, among others:

• Declaration and payment of a Ps. 1,600 million cash dividend, or Ps. 4.00 per share, in a single installment no later than May 31, 2017.    
• An increase in the share purchase reserve to Ps. 1,500 million, to be used for purchases of Series B shares during 2017 and until the shareholders’ meeting that approves the results for the year.   
• Ratification of Diego Quintana Kawage as Chairman of the Board of Directors, designated by the strategic partner SETA, and the ratification of all the independent board members and the Chairs of the Audit Committee and the Corporate Practices, Finance, Planning, and Sustainability Committee.

OMA (NASDAQ: OMAB ) (BMV: OMA ) will hold its 1Q17 earnings conference call on May 4, 2017 at  11 am Eastern time, 10 am Mexico City time.

The conference call is accessible by calling 1-888-455-2263 toll-free from the U.S. or 1-719-325-2376 from outside the U.S. The conference ID is 8384761 . A taped replay will be available through May 11, 2017 at 1-844-512-2921 toll free or + 1-412-317-6671, using the same conference ID.

The conference call will also be available by webcast at http://ir.oma.aero/events.cfm .

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 first 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 Vicsaly Torres Ruiz +52 (81) 8625 4300 vtorres@oma.aero Investor Relations: Emmanuel Camacho +52 (81) 8625 4308 ecamacho@oma.aero Laury Franco Castillo +52 (81) 8625 4377 lfranco@oma.aero Paul Rivero Zavala +52 (81) 8625 4334 privero@oma.aero In the US: Daniel Wilson /Zemi Communications +1 (212) 689 9560 dbmwilson@zemi.com Media Relations: Paola Fernández +52 (81) 8625 4300 pfernandez@oma.aero