How did OMAB's Q3 2023 EPS outperform forecasts?

OMAB's Q3 2023 EPS outperformance can be attributed to **Strong Non-Aeronautical Revenue Growth** and **Effective Cost Management**. 1. **Non-Aeronautical Revenue Growth**: OMAB experienced a 13.8% increase in non-aeronautical revenues. This growth is a result of strategic initiatives to boost commercial revenues, such as car parking, car rental, ground transportation, retail, food and beverages, and fast track services. The company's focus on enhancing passenger experience and offering unique services has led to higher revenues from these streams. 2. **Cost Management**: OMAB maintained a robust financial position with a cash position of MXN 1.6 billion and an adjusted EBITDA of MXN 2.2 billion. The company's efficient cost management allowed it to retain a significant portion of revenue as profit after covering operating expenses and taxes. This focus on cost efficiency contributed to the higher EPS. In conclusion, OMAB's Q3 2023 EPS outperformance is a result of a combination of strong non-aeronautical revenue growth and effective cost management. The company's strategic initiatives to boost commercial revenues and its focus on cost efficiency have contributed to this positive financial performance.