Audasa distributes profits of 53 million dollars in one year »Galicia

concessionaire AP-9 Last year, it distributed the largest payout in its history from profits obtained from operating the highway. Odasa, which is controlled by the Itínere infrastructure group, decided to compensate its sole shareholder three times throughout 2022, to deliver a total of 53 million for the year as a whole. Dividends have been paid in full itinerehe holding company Responsible for managing highways in Galicia and three other roads in the rest of the state.

The first payment took place in August and amounted to 21 million, nearly all of the benefits earned from AP-9 fees in the first half of the year (21.4 million). In October, Audasa paid out an additional six million in dividends, while at the end of the year, on December 1, it distributed another 26 million. This last batch served to A partial set-off for a loan granted by Itínere to its subsidiarywhich comes from 2016 but was extended last year to 63 million, according to the franchisee’s fiscal year report.

Itínere, which controls the board of directors and therefore decides the dividends distributed by Audasa, through on, the largest pension fund in the Netherlands. The other big contributor is Globalisma Spanish company that is also controlled by pension funds, in this case from Canada (OPTrust), the United Kingdom (USS) and the Netherlands (PGGM).

Recover traffic and record profits

Audasa’s record profit came in the year it topped traffic before the pandemic, with 24,561 vehicles per day, up 1.01% from 2019. Traffic subject to toll collection increased by 11.13% compared to 2021 dataa year in which movement restrictions were in place until May.

The greater influx of vehicles increased income. The franchisee was acquired by charging AP-9 171.8 million, 14.3% more. he Operating result exceeded 100 million for the first time The benefits amounted to 66 million. Most of it, 53 million, was distributed in the form of dividends before the end of the year.