Welcome to our dedicated page for Grupo Aeroportuario del Sureste, S.A. de C.V. news (Ticker: ASR), a resource for investors and traders seeking the latest updates and insights on Grupo Aeroportuario del Sureste, S.A. de C.V. stock.
Grupo Aeroportuario del Sureste, S.A.B. de C.V. operates an international airport concession business across Mexico, Colombia and Puerto Rico. ASUR operates nine airports in southeastern Mexico, including Cancún Airport, six airports in northern Colombia, including Medellín international airport at Rionegro, and holds a 60% interest in Aerostar Airport Holdings, operator of Luis Muñoz Marín International Airport in San Juan.
Recurring ASR news covers monthly passenger traffic by country and by domestic and international routes, quarterly operating results, commercial revenue per passenger, EBITDA and leverage measures, and shareholder meeting actions. Company updates also cover ASUR US Airports and airport retail concessions at major U.S. hubs such as Los Angeles International, Chicago O'Hare and John F. Kennedy International.
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On April 26, 2023, Grupo Aeroportuario del Sureste (ASUR) held its Ordinary Shareholders' Meeting in Mexico City, where key resolutions were approved. Shareholders endorsed the CEO's report for the fiscal year ending December 31, 2022, along with audited financial statements. A cash dividend of Ps. 9.93 per share is scheduled for May 2023, and an extraordinary dividend of Ps. 10.00 per share will be paid in November 2023. Additionally, the shareholders approved setting aside 5% of the net profits to increase the legal reserve and authorized repurchase of shares using remaining profits. The Board of Directors and Audit Committee members were ratified, with each Board member to receive Ps. 85,000 for each meeting attended. The meeting's minutes are to be formalized by special delegates.
Total passenger traffic for Grupo Aeroportuario del Sureste (ASR) increased 19.2% in 1Q23 compared to 1Q22, with Mexico up 22.8%, Puerto Rico up 21.6%, and Colombia up 8.8%. Revenues rose 18.9% year-over-year to Ps.6,449.4 million, while adjusted revenue excluding construction revenue grew 21.8%. The consolidated EBITDA also saw a significant increase of 23.2% to Ps.4,530.4 million, with an adjusted EBITDA margin rising to 71.9% from 71.0% in the previous year. The company boasts a strong cash position of Ps.15,108.2 million and a net debt to EBITDA ratio of -0.1x, indicating solid financial health.
On April 17, 2023, Grupo Aeroportuario del Sureste (NYSE: ASR; BMV: ASUR) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2022. The report is now available on their website and with the U.S. Securities and Exchange Commission. ASUR operates and develops 16 airports across Mexico, the U.S., and Colombia, including Cancun Airport and José María Córdova International Airport. The company is also a 60% joint venture partner in Aerostar Airport Holdings, which manages Luis Muñoz Marín International Airport in Puerto Rico. Investors may request a free printed copy of the report by contacting The Bank of New York Mellon.