Press Releases

Press Releases

TAV Airports increased its profitability...

TAV Airports Holding (ISE: TAVHL, “TAV”) announced a net profit of €102 million in its first nine months of 2012 compared to a net profit of €35 million in the same period of 2011.

TAV Airports Holding CEO and President M. Sani Şener stated, “In the first nine months of 2012, TAV Airports’ exceptional operational and financial performance continued unabatedly. While growth in the total number of passenger served was eye-catching, we kept on our double-digit growth in EBITDA and continued to increase our profitability.. Our consolidated revenues increased 23% y-o-y and reached €818 million. Consolidated EBITDA came in at €253 million versus €205 million in 2011, reaulting in a continuation in our strong operational and financial performance. During the first nine months of 2012, free cash flow increased 30% y-o-y and reached €194 million.”

Şener added “In the first nine months of 2012, TAV Airports served 54 million passengers and already surpassed the total number of passengers served in 2011. This increase was achieved on the back of both very strong organic and inorganic growth, playing an important role on the increase in passenger figures. While our existing airport portfolio grew 19%, the new additions to our portfolio in Medinah Airport and Izmir Adnan Menderes Airport Domestic Terminal in 2012 supplied another 16% of inorganic growth. We take a special pride in providing the quality of service associated with the TAV brand this year to our first Hajj guests in Medinah. On the other hand, we are very excited to play our part in the flourishment of the Aegean Riviera through our concession in Izmir extended until 2032.”

Şener continued: “All in all, we are not after revenues and benefits that are nonaffiliated to our company’s success and social achievements. We will keep our employees and customers happy and continue to achieve benefits that are friendly to environment and that highlight our country’s interests.“

SUMMARY FINANCIAL AND OPERATIONAL FIGURES

 (IFRS, in m€) 

9M2012

9M2011

∆ y-o-y 

Consolidated Revenue*

818

666

23%

EBITDA*

253

205

23%

EBITDA margin (%)

30.9%

30.8%

0.1 ppt

Net Profit (Loss)

102

35

191%

Average number of employees

21,890

19,847

10%

Number of passengers (m)

54

40

35%

- International

31

24

27%

- Domestic

23

15

49%



*Revenues and EBITDA have been adjusted to reverse IFRIC 12.

Inline