State Budgets assume NAP of €650 M in 2023 for Aena

aena airport

Bankinter | The State budgets include estimates for the results of the big state-owned companies. One of them is Aena, for which the NAP forecast is for 380 million euros in 2022 and 650 million in 2023.

Bankinter analyst team’s opinion:

Bad news. The estimates for 2023 are below our own for NAP of 787 million euros. It’s probably a conservative figure, but once again it shows the company’s vulnerability in the face of high inflation. Tariffs will not increase at least until 2026, while inflation will bring a significant rise in costs. We maintain our Neutral stance.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.