Athens International Airport S.A.

ATSE:AIA Stock Report

Market Cap: €3.1b

Athens International Airport Past Earnings Performance

Past criteria checks 2/6

Athens International Airport has been growing earnings at an average annual rate of 22.7%, while the Infrastructure industry saw earnings growing at 26.8% annually. Revenues have been growing at an average rate of 22.4% per year. Athens International Airport's return on equity is 39.9%, and it has net margins of 33.2%.

Key information

22.73%

Earnings growth rate

23.92%

EPS growth rate

Infrastructure Industry Growth6.15%
Revenue growth rate22.39%
Return on equity39.90%
Net Margin33.19%
Last Earnings Update30 Sep 2025

Recent past performance updates

There May Be Reason For Hope In Athens International Airport's (ATH:AIA) Disappointing Earnings

Sep 16
There May Be Reason For Hope In Athens International Airport's (ATH:AIA) Disappointing Earnings

Recent updates

Earnings Update: Athens International Airport S.A. (ATH:AIA) Just Reported Its Half-Yearly Results And Analysts Are Updating Their Forecasts

Nov 06
Earnings Update: Athens International Airport S.A. (ATH:AIA) Just Reported Its Half-Yearly Results And Analysts Are Updating Their Forecasts

We Think Athens International Airport (ATH:AIA) Might Have The DNA Of A Multi-Bagger

Oct 25
We Think Athens International Airport (ATH:AIA) Might Have The DNA Of A Multi-Bagger

There May Be Reason For Hope In Athens International Airport's (ATH:AIA) Disappointing Earnings

Sep 16
There May Be Reason For Hope In Athens International Airport's (ATH:AIA) Disappointing Earnings

Athens International Airport S.A. (ATH:AIA) Half-Year Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Sep 12
Athens International Airport S.A. (ATH:AIA) Half-Year Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Unpleasant Surprises Could Be In Store For Athens International Airport S.A.'s (ATH:AIA) Shares

Jul 22
Unpleasant Surprises Could Be In Store For Athens International Airport S.A.'s (ATH:AIA) Shares
User avatar

International Air Traffic Expansion Will Confront Margin Squeeze

Management guidance for slower growth and rising costs challenges optimistic forecasts for revenue, margin expansion, and earnings resilience.

We Think Athens International Airport (ATH:AIA) Might Have The DNA Of A Multi-Bagger

Jun 17
We Think Athens International Airport (ATH:AIA) Might Have The DNA Of A Multi-Bagger

Here's Why Athens International Airport (ATH:AIA) Can Manage Its Debt Responsibly

May 21
Here's Why Athens International Airport (ATH:AIA) Can Manage Its Debt Responsibly

Athens International Airport S.A. (ATH:AIA) Just Released Its Annual Results And Analysts Are Updating Their Estimates

Mar 29
Athens International Airport S.A. (ATH:AIA) Just Released Its Annual Results And Analysts Are Updating Their Estimates

Returns At Athens International Airport (ATH:AIA) Appear To Be Weighed Down

Feb 12
Returns At Athens International Airport (ATH:AIA) Appear To Be Weighed Down

Athens International Airport (ATH:AIA) Seems To Use Debt Quite Sensibly

Nov 03
Athens International Airport (ATH:AIA) Seems To Use Debt Quite Sensibly

Revenue & Expenses Breakdown

How Athens International Airport makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

ATSE:AIA Revenue, expenses and earnings (EUR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 256832271130
30 Jun 257352311210
31 Mar 256752341130
31 Dec 246652361130
30 Sep 246292381050
30 Jun 245762441130
31 Mar 245982381050
31 Dec 235832321050
30 Sep 23468225970
31 Dec 22477168900
31 Dec 21235159600
31 Dec 20164-42560
31 Dec 19507174830
31 Dec 18406171710
31 Dec 17434140680
31 Dec 16349132650
31 Dec 15327121650

Quality Earnings: AIA has high quality earnings.

Growing Profit Margin: AIA's current net profit margins (33.2%) are lower than last year (37.8%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: AIA's earnings have grown significantly by 22.7% per year over the past 5 years.

Accelerating Growth: AIA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AIA had negative earnings growth (-4.7%) over the past year, making it difficult to compare to the Infrastructure industry average (5.8%).


Return on Equity

High ROE: Whilst AIA's Return on Equity (39.9%) is high, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/08 16:52
End of Day Share Price 2025/12/05 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Athens International Airport S.A. is covered by 12 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Constantinos ZouzoulasAxia Ventures Group Ltd
Andrew LobbenbergBarclays
Dario MaglioneBNP Paribas