Earnings Report /
Mexico

ASUR: Quarterly Report 3Q21: Revenues and EBITDA above pre-pandemic levels

  • Strong year-over-year growth, reflecting good passenger dynamism, as well as a significant expansion in margins

  • In 3Q21, Asur’s operating revenues and EBITDA already exceeded pre-pandemic figures

  • We set our PT at MXN 483.50, which is equivalent to a FV/EBITDA 2022e multiple of 13.1x, similar to our 2021e of 13.5x

Jose Itzamna Espitia Hernandez
Jose Itzamna Espitia Hernandez

Senior Equity Research Analyst, Infrastructure, Materials and Transportation

Banorte
27 October 2021
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