Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Aeroporto Guglielmo Marconi di Bologna S.p.A. is an Italian airport management company responsible for the operation and development of Bologna Guglielmo Marconi Airport. It manages airport infrastructures through three key segments: Aviation, Non-Aviation, and Other. The Aviation segment focuses on aeronautical activities, including maintenance of runways and terminals, passenger services, security, and support for airlines and business aviation. The Non-Aviation segment handles commercial operations such as retail shopping, parking, advertising, ticketing, and real estate within the airport premises, enhancing revenue from passengers and visitors. The Other segment covers additional activities not classified elsewhere. Headquartered in Bologna and founded in 1996, the company employs around 603 staff and generates revenue primarily from passenger traffic, carriers, and construction services in the transportation sector. With a market capitalization of approximately 329 million EUR, it plays a vital role in regional air connectivity, reporting strong passenger growth in recent months and consistent financial performance in the industrials industry.
17.55% operating margin is respectable but not wide. ROIC at 8.79%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 8.1%, steady but not accelerating. Free cash flow declined 396% despite revenue growth, conversion is weakening.
Free cash flow declined 396% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -€13M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€212M
▲ +8.1% YoY
Net Income (TTM)
€24M
▲ +1.7% YoY
Op. Margin
16.97%
▼ -1.8pp YoY
ROIC
8.79%
▼ -1.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€24M
▼ -395.9% YoY
Op. Cash Flow (TTM)
€34M
▼ -6.4% YoY
Net Debt
€22M
Cash & Equiv.
€81M
3Y CAGR: +13.7%
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