Earnings Report /
Mexico

Grupo Aeroportuario del Pacifico: GAP, Quarterly Report 2Q21: Exceeds pre-pandemic revenues and EBITDA

  • GCC posted double-digit sales and EBITDA growth, supported by a good performance in volumes and higher prices

  • Highlights include higher cash flow (+18% y/y) and financial strength. The cement company raised its 2021 guidance

  • We raised to MXN 183.00, in view of the better sector outlook, which confirms our positive view and BUY recommendation

Jose Itzamna Espitia Hernandez
Jose Itzamna Espitia Hernandez

Senior Equity Research Analyst, Infrastructure, Materials and Transportation

Banorte
30 July 2021
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