Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) (BMV:GAP) (the “Company” or “GAP”) reported its consolidated results for the quarter ended March 31, 2016. Figures are unaudited and have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). As a result of the acquisition of Desarrollo de Concesiones Aeroportuarias, S.L. (“DCA”) on April 20, 2015, financial and operating information for the first quarter of 2015 does not include the consolidation of the Montego Bay airport. Therefore, information for the first quarter of 2016 may not be directly comparable with information for the first quarter of 2015. All peso amounts are presented in nominal pesos.

Summary of 1Q16 vs. 1Q15

  • The sum of aeronautical and non-aeronautical services revenues increased by Ps. 792.6 million, or 53.1%. Total revenues increased by Ps. 1,021.5 million, or 58.6%.
  • Cost of services increased by Ps. 115.5 million, or 39.5%.
  • Operating income increased by Ps. 417.3 million, or 48.6%.
  • EBITDA increased by Ps. 515.3 million, or 47.1%. EBITDA margin (excluding the effects of IFRIC 12) decreased from 73.3% in 1Q15 to 70.4% in 1Q16.
  • Net income and comprehensive income increased by Ps. 365.2 million, or 54.7%.

For the full version of this report please visit www.aeropuertosgap.com.mx


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