Equity Analysis /

Grupo Aeroportuario Centro Norte: Quarterly Report 2Q22: Surprising higher profitability

  • Oma reported a larger-than-expected margin expansion, due to better passenger demand and operating efficiencies

  • The results reaffirm the positive outlook for the company with better profitability despite the current challenges

  • The FV/EBITDA multiple falls from 10.2x to 9.7x vs. 10.0 national sector avg., so we reiterate our Buy recommendation

Jose Itzamna Espitia Hernandez
Jose Itzamna Espitia Hernandez

Senior Equity Research Analyst, Infrastructure, Materials and Transportation

4 August 2022
Published byBanorte


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