Overview

* Corporación América Airports Q2 revenue grows 18.9% YoY, beating analyst expectations, per LSEG data

* The airport operator's adjusted EBITDA for Q2 rises 25.5%, surpassing estimates, per LSEG data

* Operating income for Q2 missed analyst expectations, per LSEG data

Outlook

* Company expects positive traffic momentum in Argentina to continue

* Strong summer seasons anticipated in Italy and Armenia

* Company advancing commercial initiatives to grow non-aeronautical revenues

* Strategic investments pursued in Argentina and Italy

Result Drivers

* PASSENGER TRAFFIC - 13.7% increase in passenger traffic, with Argentina leading performance

* COMMERCIAL REVENUE - 22% increase in commercial revenues driven by non-aeronautical initiatives

* COST CONTROL - Adjusted EBITDA margin expansion supported by operating leverage and disciplined cost control

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $476.80 $442.40

Revenue mln mln (5

Analysts

)

Q2 Beat $171.20 $161.40

Adjusted mln mln (3

EBITDA Analysts

)

Q2 Miss $117.30 $126.40

Operatin mln mln (4

g Income Analysts

)

Q2 35.9%

Adjusted

EBITDA

Margin

Q2 24.6%

Operatin

g Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the airport operators & services peer group is "buy"

* Wall Street's median 12-month price target for Corporacion America Airports SA ( CAAP ) is $22.90, about 9.3% above its August 19 closing price of $20.77

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)