- With
EBITDA of COP 532,322 million and a 12% variation year over year, among other
indicators, the company ratified its solid position with outstanding results in
2018.
- Over
27 million vehicles traveled on its concession roads, and nearly 38 million
passengers passed through its airports.
- In
2019 the company will promote the development of various initiatives,
continuing to contribute to the current and future competitiveness of the
countries where it operates.
Medellín,
March 26, 2019 – After
the disciplined execution of its strategic focus, Odinsa, a Grupo Argos
concessions company, reported positive results today at its General
Shareholders Meeting for its 2018 operations. This was a year in which Odinsa
solidified its position as a strong, reliable and sustainable company that
facilitates connectivity, and with its experience and future vision, it will
certainly contribute to competitiveness in the territories by developing its
initiatives.
The company
attained positive results EBITDA of COP 532,322 million, a controlling net
profit of COP 135,440 million and consolidated revenue of COP 788,025 million,
leveraged in the management executed in each of its projects and its focus on
sustainable development of its businesses, which allows it to generate value
and strengthen connectivity in the countries where it operates.
Grupo Argos’s
concessions company closed the year with actions that show the trust of the
market and its stakeholders in its endeavors, including ratification of the
AA-(Col) ratings by Fitch Ratings; the Issuer Recognition (IR) award from the
Colombian Securities Exchange (BVC); the Best Loan by LatinFinance for the
successful process of financing Pacífico 2; the Adecco Employers for Youth
recognition as one of the companies chosen by young people to work for, and
various recognitions in each of its concessions.
“Our results have reaffirmed our position as
a solid company that manages a portfolio of valuable and profitable assets and
its strengthening to continue developing high-impact initiatives and projects,”
stated Mauricio Ossa, CEO of Odinsa.
Its airport concessions,
which moved nearly 38 million passengers, had an outstanding performance, with
a 6% increase in passenger traffic, and notable events such an increase in new
routes and frequencies, the 4-star rating and ratification of important
recognitions from Skytrax, and environmental certifications that positioned
Mariscal Sucre and El Dorado as sustainable airports in the region.
Its road
concessions reported over 27 million vehicles and a positive management
dynamics, with important milestones that include successful works completion at
Pacífico 2, which reached 59% execution at the end of the year; signing an
Addendum for the design and execution of additional works at
Autopistas del Café, and completion of the Green Corridor project in
Aruba.
These facts, added to Grupo Argos’s support and the
alignment to its policies, reinforced the trust of the market and stakeholders
in Odinsa, and strengthened the company to take on challenges and develop
comprehensive solutions with new connections and services for users in 2019.
For additional information contact:
Andrea Jimeno /
Djrector of Communications ajimeno@odinsa.com / Cell:+57 3134964741
Viviana
Arroyave / Media and Communications Manager varroyave@odinsa.com / Cell: +57 3176469218
Check out our
2018 Annual Report at https://www.odinsa.com/
