Grupo Aeroportuario del Sureste, S.A. de C.V. American Depositary Shares - ASR STOCK NEWS

On April 26, 2023, Grupo Aeroportuario del Sureste (ASUR) held its Ordinary Shareholders' Meeting in Mexico City, where key resolutions were approved. Shareholders endorsed the CEO's report for the fiscal year ending December 31, 2022, along with audited financial statements. A cash dividend of Ps. 9.93 per share is scheduled for May 2023, and an extraordinary dividend of Ps. 10.00 per share will be paid in November 2023. Additionally, the shareholders approved setting aside 5% of the net profits to increase the legal reserve and authorized repurchase of shares using remaining profits. The Board of Directors and Audit Committee members were ratified, with each Board member to receive Ps. 85,000 for each meeting attended. The meeting's minutes are to be formalized by special delegates.

Total passenger traffic for Grupo Aeroportuario del Sureste (ASR) increased 19.2% in 1Q23 compared to 1Q22, with Mexico up 22.8%, Puerto Rico up 21.6%, and Colombia up 8.8%. Revenues rose 18.9% year-over-year to Ps.6,449.4 million, while adjusted revenue excluding construction revenue grew 21.8%. The consolidated EBITDA also saw a significant increase of 23.2% to Ps.4,530.4 million, with an adjusted EBITDA margin rising to 71.9% from 71.0% in the previous year. The company boasts a strong cash position of Ps.15,108.2 million and a net debt to EBITDA ratio of -0.1x, indicating solid financial health.

On April 17, 2023, Grupo Aeroportuario del Sureste (NYSE: ASR; BMV: ASUR) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2022. The report is now available on their website and with the U.S. Securities and Exchange Commission. ASUR operates and develops 16 airports across Mexico, the U.S., and Colombia, including Cancun Airport and José María Córdova International Airport. The company is also a 60% joint venture partner in Aerostar Airport Holdings, which manages Luis Muñoz Marín International Airport in Puerto Rico. Investors may request a free printed copy of the report by contacting The Bank of New York Mellon.

Grupo Aeroportuario del Sureste (ASR) reported a total of 6.1 million passengers in March 2023, a 6.7% increase compared to March 2022. Passenger traffic rose by 11.8% in Mexico and 9.3% in Puerto Rico, while it fell by 9.1% in Colombia. The growth in Mexico was fueled by a 20.1% increase in domestic traffic and a 6.2% rise in international traffic. For the year-to-date, total passenger traffic has grown by 19.2%. Domestic traffic in Puerto Rico also showed strong growth of 19.4% year-to-date, while international traffic surged 49.2%. In contrast, Colombia faced a 12.2% decline in domestic traffic.

Grupo Aeroportuario del Sureste (NYSE: ASR) announced its General Annual Ordinary Shareholders' Meeting will be held on April 26, 2023, in Mexico City. The agenda includes the CEO's report for fiscal year 2022, financial statements, and proposals for dividends of $9.93 in May and $10.00 in November 2023. The meeting will also address share repurchase policies and the ratification of board members. Shareholders must be registered by April 21, 2023, to attend. The company operates 16 airports across Mexico, the U.S., and Colombia, focusing on maintaining operational excellence.

Grupo Aeroportuario del Sureste (ASR) reported robust passenger traffic growth in February 2023, reaching 5.5 million, a 23.9% increase from the previous year. Key year-on-year growth rates included 25.6% in Mexico, 21.7% in Colombia, and 20.5% in Puerto Rico. Domestic traffic surged by 29.3% in Mexico, 16.8% in Colombia, and 18.1% in Puerto Rico, while international traffic reported increases of 22.9%, 51.3%, and 50.3%, respectively. The total passenger numbers for the year to date also showed strong performance, highlighting the recovery in travel demand across the regions where ASR operates.

Grupo Aeroportuario del Sureste (ASUR) reported significant growth in its 4Q22 results, with total passenger traffic rising 18.0% YoY and 25.8% compared to 4Q19. Revenues increased 7.1% YoY to Ps.7,273.6 million, while consolidated EBITDA soared 34.8% YoY to Ps.4,427.1 million, yielding an Adjusted EBITDA Margin of 75.3%. The company held cash and equivalents of Ps.13,175.0 million and demonstrated a robust net debt-to-EBITDA ratio of 0.1x. Notable increases were observed across all operational regions, particularly in Colombia, which saw a 37.4% increase in passenger traffic.