Excelente Tesis HerediaLaso!! Solo comentarte que me estaba leyendo el prospectus de salida a bolsa y en el apartado re riesgos, comentan que van a ver reducido en más de 56 millones la facturación a partir de noviembre del 2024 (los Aeronautical charges fueron de 200M en 2022, por lo que es prácticamente el 30%). Te dejo a continuación la nota que se encuentra en la página 17. "In addition, Aeronautical Charges include the ADF, of which a percentage (currently 75%) is allocated to AIA by the Greek State. As of April 11, 2017, in accordance with Law 4465/2017, and until November 1, 2024, the ADF for both EU and non-EU passengers (other than transfer passengers) has been set at €12 per departing passenger over two (2) years old. From November 1, 2024, the ADF will be reduced to €3 per departing passenger (by way of example, this would have amounted to a difference of approximately €56.4 million in our revenues and other income, based on our revenues and other income for the nine-months period ended September 30, 2023). We may not be able to implement price adjustments to recover this revenue loss, and such inability may adversely affect our profitability. Moreover, there can be no assurance that the Greek State may not implement additional changes to the ADF in the future, which could negatively affect our profitability, financial condition and results of operation." Esto se debería de contabilizarse a partir de 2025. (también aparece en el 2022-Financial-Statements pág 35)
Excelente Tesis HerediaLaso!! Solo comentarte que me estaba leyendo el prospectus de salida a bolsa y en el apartado re riesgos, comentan que van a ver reducido en más de 56 millones la facturación a partir de noviembre del 2024 (los Aeronautical charges fueron de 200M en 2022, por lo que es prácticamente el 30%). Te dejo a continuación la nota que se encuentra en la página 17. "In addition, Aeronautical Charges include the ADF, of which a percentage (currently 75%) is allocated to AIA by the Greek State. As of April 11, 2017, in accordance with Law 4465/2017, and until November 1, 2024, the ADF for both EU and non-EU passengers (other than transfer passengers) has been set at €12 per departing passenger over two (2) years old. From November 1, 2024, the ADF will be reduced to €3 per departing passenger (by way of example, this would have amounted to a difference of approximately €56.4 million in our revenues and other income, based on our revenues and other income for the nine-months period ended September 30, 2023). We may not be able to implement price adjustments to recover this revenue loss, and such inability may adversely affect our profitability. Moreover, there can be no assurance that the Greek State may not implement additional changes to the ADF in the future, which could negatively affect our profitability, financial condition and results of operation." Esto se debería de contabilizarse a partir de 2025. (también aparece en el 2022-Financial-Statements pág 35)
Muchas gracias por el comentario. Efectivamente, esto cambia el modelo. Actualizo el post!
De nada! Estamos aquí para ayudarnos entre todo!
De nuevo muchas gracias por la Tesis, es un trabajazo!
Muy interesante tesis. Gracias Heredia
Excelente aporte, gracias Heredia!