Equity Analysis /
MexicoGrupo Aeroportuario Centro Norte: Flash: Greater boost in domestic traffic in August
Oma reported a 27.4% y/y increase in total traffic in August, slightly above the expected 25.0%
Domestic part stood out with a solid 31.0% y/y increase, while international part showed a moderate 3.2% y/y advance
Strong demand supports our positive outlook with an attractive valuation (FV/EBITDA of 10.4x vs 10.8x national sector)
Jose Itzamna Espitia Hernandez
Senior Equity Research Analyst, Infrastructure, Materials and Transportation @ Banorte
Marissa Garza Ostos
Head of Equity Research @ Banorte
8 September 2022
Published byBanorte
