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Corporacion America Airports (CAAP) Upgraded to Buy: Here's What You Should Know
ZACKS· 2025-04-03 17:05
Corporacion America Airports S.A. (CAAP) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual i ...
Corporacion America Airports(CAAP) - 2024 Q4 - Annual Report
2025-03-27 20:31
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________ OR ☐ SHELL COMPANY REPORT PURS ...
Are Transportation Stocks Lagging Corporacion America Airports (CAAP) This Year?
ZACKS· 2025-03-26 14:45
The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Corporacion America Airports S.A. (CAAP) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Corporacion America Airports S.A. is a member of the Transportation sector. This group includes 130 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank considers 16 different g ...
Corporacion America Airports(CAAP) - 2024 Q4 - Earnings Call Transcript
2025-03-19 17:19
Corporacion America Airports S.A. (NYSE:CAAP) Q4 2024 Earnings Conference Call March 19, 2025 9:00 AM ET Company Participants Patricio Inaki Esnaola - Head of Investor Relations Martin Francisco Antranik Eurnekian - Chief Executive Officer Jorge Arruda - Chief Financial Officer Conference Call Participants Alejandro Demichelis - Jefferies Fernanda Recchia - BTG Stephen Trent - Citi Operator Good morning, and welcome to the Corporacion America Airports Fourth Quarter and Year-End 2024 Conference Call. A slid ...
Corporacion America Airports(CAAP) - 2024 Q4 - Earnings Call Presentation
2025-03-19 16:00
Statements relating to our future plans, projections, events or prospects are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward- looking statements include all statements that are not historical facts and can be identified by terms such as "believes," "continue," "could," "potential," "remain," "will," "would" or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and othe ...
Corporacion America Airports(CAAP) - 2024 Q4 - Annual Report
2025-03-11 21:10
Exhibit 99.2 Separate Financial Statements at December 31, 2024 presented in comparative form Index Glossary Memory Corporate Governance Code Report Separate Financial Statements Separate Statements of Comprehensive Income Separate Statements of Financial Position Separate Statements of Changes in Equity Separate Statements of Cash Flows Notes to the Separate Financial Statements Audit Report issued by the Independent Auditors Report of the Supervisory Commission Glossary | Term | Definition | | --- | --- | ...
Corporación América Airports: Accelerating Traffic Growth To Power Next Leg Higher
Seeking Alpha· 2025-02-20 22:50
Corporación América Airports S.A. (NYSE:CAAP) is one of the world's leading private airport concession holders. It operates 52 airports spanning South America, Europe, and Eurasia. The company got its start in 1998 when it won the AA2000 concession in Argentina, which gave it the right to manage most of Argentina's leading airports. It controls these airports, including both major Buenos Aires ones, through 2038. It has also since added airport operations in Brazil, Italy, Armenia, Ecuador, and Uruguay. It' ...
Leading Independent Proxy Advisory Firm Recommends Blue Sky's Shareholders Vote FOR the Proposed Earn-In Transaction with COAM
Prnewswire· 2025-01-17 12:00
Core Viewpoint - Blue Sky Uranium Corp. has received a positive recommendation from Institutional Shareholder Services Inc. (ISS) for shareholders to vote in favor of the proposed earn-in transaction with Abatare Spain, S.L.U. at the upcoming special meeting on February 6, 2025 [1][2]. Company Overview - Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina, focusing on advancing a portfolio of surficial uranium deposits into low-cost producers while respecting environmental and community standards [6]. - The company's flagship project, Amarillo Grande, has the potential to be a significant supplier of uranium to both the domestic Argentine market and international markets [6]. Transaction Details - The Board of Directors of Blue Sky recommends shareholders vote FOR the special resolution approving the transaction with Abatare Spain, S.L.U. [2]. - The special meeting for shareholders will take place on February 6, 2025, at 10:00 AM (Vancouver Time) [3]. Abatare Spain, S.L.U. and Corporación América - Abatare Spain, S.L.U. is part of the Corporación América Group, which has over 60 years of experience in the energy sector and holds significant stakes in various industries including energy, airport operations, and agribusiness across Argentina and 10 other countries [5]. - Corporación América Airports S.A., a subsidiary of Corporación América, has a current market capitalization of approximately US$3 billion [5].
Blue Sky Announces Mailing and Filing of Circular for Special Meeting of Shareholders to Approve the Earn-In Agreement with COAM
Prnewswire· 2025-01-08 12:00
TSX Venture Exchange (TSX-V): BSKFrankfurt Stock Exchange (FSE): MAL2 OTCQB Venture Market (OTC): BKUCF Your vote is important no matter how many shares you hold. Vote today. The Board of Directors of Blue Sky unanimously recommends that Shareholders vote IN FAVOUR of the Transaction Resolution Shareholders are encouraged to vote in advance of the proxy cutoff of 10:00 AM (Vancouver Time)‎ on February 4, 2025 For questions or assistance with voting, contact Laurel Hill Advisory Group by phone at 1-877-452- ...
Corporacion America Airports(CAAP) - 2024 Q3 - Earnings Call Transcript
2024-11-21 21:59
Financial Data and Key Metrics Changes - Revenues excluding IFRIC12 decreased approximately 4% year-over-year, primarily due to lower passenger volumes, while revenue per passenger remained steady at $19 [6][20] - Adjusted EBITDA for the quarter declined in the mid-teens year-over-year, largely due to ongoing macroeconomic challenges in Argentina [7][23] - Total costs and expenses excluding IFRIC12 increased by 5% year-over-year, reflecting inflationary pressures in Argentina [22] Business Line Data and Key Metrics Changes - Aeronautical revenues decreased by 1.5% year-over-year, with a notable 22% increase in Uruguay, while commercial revenues fell by 6.6% year-over-year due to lower cargo and duty-free revenues in Argentina [21][22] - Duty-free sales were lower this quarter, impacted by last year's favorable FX rates, but operations in Norway, Brazil, and Italy showed positive contributions [8] Market Data and Key Metrics Changes - Total passenger traffic declined by 4% year-over-year, with domestic traffic in Argentina down 11%, while international traffic in Argentina increased nearly 10% [11][15] - Passenger traffic in Italy grew by 6%, and Uruguay saw a 15% increase, indicating strong recovery in these markets [12][15] - Cargo volumes increased by 4.4% year-over-year, although cargo revenues declined by 12% due to lower revenues in Argentina [17] Company Strategy and Development Direction - The company remains focused on disciplined capital deployment to support long-term growth, with ongoing construction projects and new service initiatives in various regions [10][30] - Recent approval of a 124% increase in domestic passenger tariffs in Argentina is expected to support local operations [9] Management's Comments on Operating Environment and Future Outlook - Management highlighted the resilience of the business despite challenges in Argentina, with optimism for improved conditions as inflation recedes [31] - Strong international passenger numbers in October bolster a positive outlook for the remainder of the year [31] Other Important Information - The company closed the quarter with a total liquidity position of $605 million, up 32% compared to year-end 2023, and a net leverage ratio of 0.9 times [24][25] - An $80 million dividend distribution was approved by the Argentine subsidiary, AA2000, with $68 million allocated to CAAP subsidiaries [24] Q&A Session Summary Question: Impact of Aerolineas Argentinas' potential closure - Management indicated that Aerolineas Argentinas accounts for about 6% of CAAP revenues, and while the situation is complex, historical resilience suggests the business could recover even if Aerolineas were to cease operations [36] Question: Florence Airport CapEx and construction timing - Approval for the Florence Airport project is expected by year-end, with construction anticipated to take 2-3 years, including a new runway and terminals [37] Question: Update on tariff negotiations in Argentina - Management confirmed that the domestic tariff has been adjusted to about $5.5, with no further adjustments expected for the next year [43] Question: Traffic trends for 2025 - Positive dynamics are expected in Uruguay, Brazil, and Italy, while international traffic in Argentina is anticipated to continue performing well despite domestic challenges [42] Question: Opportunities to extend concession assets - Management is working on a CapEx proposal in Armenia to adjust airport capacity, with negotiations ongoing with the government regarding contract duration [48]