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MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  Aena S.M.E., S.A.    AENA   ES0105046009


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Aena S M E S A : Spanish government announces ?4.3 billion plan to help tourism

06/18/2020 | 09:21am EST
The coronavirus disease (COVID-19) outbreak in Palma de Mallorca

The Spanish government announced on Thursday a near 4.3 billion euro (£3.9 billion) plan to help the crucial tourism industry recover from the coronavirus crisis that halted leisure travel for three months.

"Spain is reopening itself to tourism," Prime Minister Pedro Sanchez said while presenting the plan. "We are a world leader and each step we take will be safe."

Spain is the world's second-most visited country after France and normally receives more than 80 million tourists a year.

Most of the package, about 2.5 billion euros, is made up of credit guarantees offered by the government for tourism operators, Sanchez's office said in a statement.

The government will then help companies by suspending mortgage payments for up to 12 months and will grant a series of aid to pay for increased health safety measures and training for workers.

Tourism lobbyists such as Jose Luis Yzuel have said the government measures are insufficient for an industry that represents one job in every eight, and contributes more than 12% to Spain's 1.3 trillion euro gross domestic product.

Revenues from tourism about halved in the four months to April and no tourists travelled to Spain at all that month and the next because of one of Europe's strictest lockdowns.

Even though many countries in Southern Europe have already reopened their borders to tourists, Spain is still blocking foreign travellers and will lift restrictions for EU citizens only on June 22.

In a move to encourage air traffic and visitors to flock back to Spain as soon as restrictions are lifted, the aid package will include advertising campaigns and cash transfers to state-controlled airport operator Aena to cut landing fees and other charges.

(Reporting by Inti Landauro, editing by Andrei Khalip and Emelia Sithole-Matarise)

© Reuters 2020
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Sales 2020 2 138 M 2 594 M 2 594 M
Net income 2020 -170 M -207 M -207 M
Net Debt 2020 6 804 M 8 255 M 8 255 M
P/E ratio 2020 -92,6x
Yield 2020 0,19%
Capitalization 19 605 M 23 865 M 23 788 M
EV / Sales 2020 12,4x
EV / Sales 2021 8,44x
Nbr of Employees 8 071
Free-Float 49,0%
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Aena S.M.E., S.A. Technical Analysis Chart | AENA | ES0105046009 | MarketScreener
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Mean consensus HOLD
Number of Analysts 25
Average target price 138,71 €
Last Close Price 130,70 €
Spread / Highest target 25,5%
Spread / Average Target 6,13%
Spread / Lowest Target -23,5%
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Maurici Lucena Betriu Chairman & Chief Executive Officer
José Leo Vizcaíno Chief Financial Officer
Pilar Arranz Notario Director
Francisco Javier Marín San Andrés Executive Director
Christopher Anthony Hohn Director
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AENA S.M.E., S.A.-8.09%23 865