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MarketScreener Homepage  >  Equities  >  New Zealand Stock Exchange  >  Auckland International Airport Limited    AIA   NZAIAE0002S6

AUCKLAND INTERNATIONAL AIRPORT LIMITED

(AIA)
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Auckland International Airport : New Zealand's Auckland Airport nixes dividend, profit slumps on virus hit

08/19/2020 | 03:37pm EST
The International Departures terminal is pictured during fuel shortages at Auckland Airport in New Zealand

Auckland International Airport Ltd on Thursday scrapped its final dividend and posted a steep fall in full-year profit, as coronavirus-related restrictions led to fewer flights.

The pandemic has battered the airline and tourism industries, as stringent border controls and restriction on people's movement to curb the spread of the virus upend demand, which has triggered a downturn for airport operators.

Earlier this year, Auckland Airport scrapped its interim dividend, slashed capacity and jobs and raised cash to tide itself over the pandemic.

"As we look to the 2021 financial year, we continue to face significant uncertainty on the timing of Auckland Airport's recovery," Chief Executive Adrian Littlewood said in a statement.

New Zealand's biggest airport operator also chose not to provide earnings forecast for 2021, citing uncertainty around recovery in international passenger numbers and ongoing curbs on people's movement.

Underlying profit after tax for the year ended June 30 fell 31.4% to NZ$188.5 million ($123.54 million) from NZ$274.7 million last year, but beat estimates of NZ$167.8 million, according to Refinitiv IBES data.

Auckland Airport said it would reassess its decision on its 2021 forecast at its annual meeting in October and with its interim results in February 2021.

(Reporting by Yajush Gupta in Bengaluru; Editing by Shinjini Ganguli)


© Reuters 2020
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Financials
Sales 2021 301 M 218 M 218 M
Net income 2021 -5,39 M -3,90 M -3,90 M
Net Debt 2021 1 538 M 1 114 M 1 114 M
P/E ratio 2021 -2 859x
Yield 2021 -
Capitalization 10 736 M 7 767 M 7 776 M
EV / Sales 2021 40,8x
EV / Sales 2022 22,1x
Nbr of Employees 527
Free-Float 81,9%
Chart AUCKLAND INTERNATIONAL AIRPORT LIMITED
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Auckland International Airport Limited Technical Analysis Chart | AIA | NZAIAE0002S6 | MarketScreener
Technical analysis trends AUCKLAND INTERNATIONAL AIRPORT LIMITED
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TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Average target price 6,96 NZD
Last Close Price 7,29 NZD
Spread / Highest target 1,95%
Spread / Average Target -4,59%
Spread / Lowest Target -10,8%
EPS Revisions
Managers and Directors
NameTitle
Adrian Littlewood Chief Executive Officer
Patrick Clifford Strange Chairman
Anna Cassels-Brown General Manager-Operations
Phil Neutze Chief Financial Officer
Jonathan Good General Manager-Technology & Marketing
Sector and Competitors