Odinsa obtains outstanding results because of its corporate strategy

  • 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/