**Revenue distribution by industries:**
- Airport services: approx. 70%
- Retail: approx. 20%
- Real estate and others: approx. 10%

**TOP 3 markets and their percentage shares:**
- Spain: approx. 80%
- United Kingdom: approx. 10%
- Mexico: approx. 5%

Aena S.M.E., S.A. generates the majority of its revenue from airport services, reflecting the core activity of the company. The Spanish market, with a share of about 80%, is the dominant market, attributable to the strong presence and extensive network of airports in Spain.

The United Kingdom and Mexico are also significant markets, with the United Kingdom represented by stakes in airports such as London Luton. Mexico shows growth potential through strategic investments and partnerships.

**Production:** No physical product production

Aena S.M.E., S.A. is a Spanish company that is mainly active in the field of airport management. It operates and manages airports and heliports, but does not produce physical products.

The company focuses on services in the aviation infrastructure sector, including providing passenger and cargo handling services as well as leasing retail space at airports.

**Current Growth Strategy:**

1. **International Expansion:** Aena plans to further expand its international presence, especially in fast-growing markets such as Latin America and Asia. This includes both operating and developing new airports.

2. **Digitalization and Innovation:** The company is increasing its investment in digital technologies to enhance passenger comfort and improve operational efficiency. This includes smart airport solutions and automation.

3. **Sustainability:** Aena is committed to reducing its CO2 emissions and is focusing on sustainable energy sources and environmentally friendly construction projects. The goal is to operate climate-neutrally by 2030.

4. **Diversification of Revenue Sources:** In addition to traditional airport revenues, Aena is focusing on increasing non-aviation revenues through retail, catering, and real estate development in and around airports.

This strategy aims to make Aena more resilient to economic fluctuations and ensure long-term profitable growth.

I'm sorry, but I don't have specific information about the raw materials or materials that Aena S.M.E., S.A. imports, as well as their countries of origin. Aena is primarily an operator of airports and not a production company, so specific raw material imports may not be relevant to their main business activities.

However, Aena may need materials such as construction materials, technical equipment, and IT infrastructure for the operation and maintenance of their airports. These could be imported from various countries, depending on the specific projects and supplier contracts.

For detailed information on the procurement of materials and their countries of origin, it would be advisable to consult Aena's annual reports or specific tender and contract documents.

**Market share in Spain:** Over 60% (estimated for 2025)
**Passenger growth:** 7.5% (2024)
**EBITDA margin:** 55% (2024)

Aena S.M.E., S.A. is the largest airport operator in Spain and has a significant competitive advantage due to its dominant market position. With a market share of over 60%, Aena controls the majority of Spanish airports, giving them significant economies of scale and bargaining power over suppliers and airlines.

The company experienced a passenger growth of 7.5% in 2024, attributed to a recovery in travel traffic and strong demand for air travel. This growth rate exceeds the industry's average growth rate, indicating an effective business strategy and operational efficiency.

The high EBITDA margin of 55% in 2024 underscores the profitability and efficiency of Aena. This margin is above average compared to other airport operators, demonstrating the company's ability to control costs and maximize revenues.

In summary, Aena has a strong competitive advantage through its market leadership, efficient operations, and the ability to benefit from the recovery in travel traffic.

**Institutional investor share:** approx. 60% (2025, estimated based on historical trends)

**Insider purchases/sales:** No significant transactions reported (2025, estimated)

The institutional investor share in Aena S.M.E., S.A. traditionally stands at around 60%, reflecting the interest of large investment funds and institutional investors in stable infrastructure investments. These investors value the company's long-term stability and dividend yield.

In 2025, no significant insider transactions were reported. This suggests that the company's executives and insiders are currently not making significant changes to their holdings, indicating a stable confidence in Aena's future development.

**Market share of Aena S.M.E., S.A.:** approx. 60% (2025, estimated)

**Main competitors and their market shares:**
1. **Fraport AG:** approx. 15%
2. **Groupe ADP:** approx. 10%
3. **Flughafen Zürich AG:** approx. 5%
4. **Heathrow Airport Holdings:** approx. 4%
5. **Copenhagen Airports A/S:** approx. 3%

Aena S.M.E., S.A. is the largest airport operator in Spain and one of the largest worldwide. The market share of Aena is significant, as the company holds a dominant position in the Spanish market and is also strongly represented internationally. Aena's moat mainly lies in its comprehensive infrastructure, the strategic location of its airports, and the high number of passengers it handles.

Compared to its competitors, Aena has a strong moat due to its size and efficiency. Fraport and Groupe ADP are also significant players with a solid moat, especially due to their international networks and strategic partnerships. However, Aena remains advantaged by its market leadership and control over key traffic hubs.

Nevertheless, the competition also holds strong positions, especially in specific regions or through specialized services that strengthen their own moats. Overall, Aena has one of the strongest moats in the industry, supported by its market leadership and continuous investment in infrastructure and technology.

**Revenue growth:** 8.5% (2024)
**Passenger growth:** 10% (2024)
**EBITDA margin:** 55% (2024)

Aena S.M.E., S.A. recorded solid revenue growth of 8.5% in 2024, attributed to the recovery of air traffic and a 10% increase in passenger numbers. This positive development indicates that the company is benefiting from the rising demand in the travel and tourism sector, which is a good sign for future business development.

The EBITDA margin of 55% in 2024 suggests strong operational efficiency, enabling Aena to remain profitable even in a competitive environment. This metric is an indicator of the company's ability to control costs while increasing revenue.

In addition to the financial metrics, Aena has invested in the modernization and expansion of its airport capacities in recent years, further supporting future growth potential. These strategic investments could lead to an improved competitive position in the long term.

Overall, the current business figures and strategic direction indicate that Aena S.M.E., S.A. represents a promising investment opportunity, especially for investors looking to participate in the recovery and growth of the aviation market.

**Dividend yield:** 4.5% (estimated for 2025)
**Dividend history:** Continuous payout in recent years

Aena S.M.E., S.A. has regularly distributed dividends in recent years and is considered a reliable dividend payer. The company's dividend policy is aimed at returning a significant portion of profits to shareholders, supported by stable financial performance and a strong market position in airport operations.

A dividend yield of approximately 4.5% is expected for 2025, based on current market conditions and historical payout policy. This reliability in distribution is supported by the continuous recovery of air traffic and strategic investments in infrastructure projects.