Earnings Report /
MexicoPromotora y Operadora de Infraestructura: PINFRA, Quarterly Report 2Q21: Surprising recovery and more than doubled EBITDA
2Q21 figures showed relevant growths, better than expected, due to a very low base and a rebound of economic activity
Although traffic on highways continues to recover, EBITDA was record high. We reaffirm our Pinfra’s positive outlook
Including figures, the multiple lowered from 9.8x to 8.2x, which is attractive vs. 9.4x L2Y pre-pandemic average
Jose Itzamna Espitia Hernandez
Senior Equity Research Analyst, Infrastructure, Materials and Transportation @ Banorte
28 July 2021
Published byBanorte
