Market Closed -
Borsa Italiana
11:44:59 2024-05-21 EDT
After market
12:26:30
3.956
EUR
-1.93%
3.957
+0.03%
ENAV S p A : PRESENTATION 1Q 2023 RESULTS
1Q 2023 Financial Results
1Q 2023 Group's Highlights
En-Route traffic
1.89m SUs1
+26.8% vs. 1Q 2022
EBITDA
€9.7m
-35.9% vs. 1Q 2022
EBITDA margin
5.5%
Terminal traffic
Total Revenue
191.6k SUs1
€176.8m
+22.5% vs. 1Q 2022
+5.2% vs. 1Q 2022
Net ResultCAPEX
-€21.8m
€14.7m
-41.8% vs. 1Q 2022
+12.2% vs. 1Q 2022
Non-Reg. Revenue
€5.8m
-4.1% vs. 1Q 2022
Net Financial Debt2
€390.9m
vs. €407.8m in FY 2022
2
Net Debt/FY 2022 EBITDA
1.44x
1.
Excluding exempt flights not communicated to Eurocontrol (for en-route 433 SUs and for terminal 188 SUs)
2
2. Net Financial Debt includes Trade Payable, as per Consob indication n. 5/21 issued in May 2021, of €75.6m in 1Q 2023
1Q 2023 Main Traffic Trends - En-Route
Traffic breakdown by service units
Quarterly service units trend1
1Q 2023: 1,892,543 1 ➔ +26.8% YoY
('000/%)
3,314
2,384
2,574
National
2,181
1,827
1,893
21%
1,493
1,016
Overflight
556
42%
International
En-Route 2021
En-Route 2022
En-Route 2023
37%
1Q
2Q
3Q
4Q
1Q 2023 En-route service units up 26.8%1 YoY with forceful result in all segments:
International service units up 38.3% YoY
Overflight service units up 33.1% YoY
National service units up 4.3% YoY
1Q 2023 En-route traffic1 shows a strong growth, reaching quarterly volume 4.2% above 1Q 2019
In the month of April 2023 , total En-route managed flights were in line with 1Q 2023 positive trend
1. Excluding exempt flights not communicated to Eurocontrol (433 SUs)
1Q 2023 Main Traffic Trends - Terminal
Traffic breakdown by service units
Quarterly service units trend1
1Q 2023: 191.623 1 ➔ +22.5% YoY
('000/%)
247
285
International
218
212
Zone 3
Zone 1
192
63%
181
156
42%
20%
98
54
National
Terminal 2021
Terminal 2022
Terminal 2023
37%
Zone 2
38%
1Q
2Q
3Q
4Q
1Q 2023 Terminal service units up 22.5% 1 YoY:
Increase in international and national traffic, up 34.3% and 7.1% YoY, respectively
Increase in all charging zones
1Q 2023 Terminal traffic 1 shows an improving recovery trend, reaching 91.8% of 1Q 2019 traffic
1.
Excluding exempt flights not communicated to Eurocontrol (188 SUs)
4
1Q 2023
Financial Overview
Disclaimer
ENAV S.p.A. published this content on 11 May 2023 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 11 May 2023 13:03:03 UTC .
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Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
More charts
Enav SpA is an Italy-based company active in the air traffic control (ATC) industry. It operates three sectors: Air Navigation Services, Maintenance Services and Other Services. Air Navigation Services provide air traffic control, management and other air navigation services to national airspace and civil airports. Maintenance Services cover management and maintenance of equipment and systems used for national air traffic control. Other Services include business development and delivery of services to non-regulated market, with a focus on Southeast Asia; implementation of a global satellite monitoring system for air traffic control, aiming to enable the comprehensive surveillance of all routes worldwide, with a focus on polar, oceanic and other remote areas not covered by the radar-based air traffic control services; development and provision of services for low-altitude air traffic management of remotely piloted aircraft and all the other aerial vehicles, among others.
More about the company
Last Close Price
4.034
EUR
Average target price
4.85
EUR
Spread / Average Target
+20.23%
Consensus
1st Jan change
Capi.
+15.13% 2.37B +10.46% 26B +4.96% 5.53B -4.31% 5.3B -2.55% 4.52B +4.22% 4.3B +6.13% 3.41B -15.25% 3.18B 0.00% 2.72B +11.82% 2.05B
Airport Operators
+951% of historical performance
More than 20 years at your side
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