TAV Airports’ revenue passes EUR 1 billion; EBITDA reached EUR 488 million.
TAV Airports increased its revenue by 10% to EUR 1079 million in 2015. The company posted EUR 210 million in net profit.
TAV Airports Holding Executive Board Member & CEO Sani Sener stated “The revenue, EBITDA and net profit we have posted are naturally indicators of our success. However, these metrics only go so far to show the true value of an enterprise.
I believe what’s equally as important is what we contribute to our country, employees and clients as a company. This year we paid around EUR 500 million to the state in the form of rent, taxes and social security. We paid EUR 200 million to our employees as wages. We invested EUR 88 million to increase passenger comfort and created employment opportunities for our youth. An enterprise must prioritize the benefits of the country, pay its employees fairly, contribute to their development through education and training and invest in the future to be considered truly successful. TAV’s main goal is to go after this kind of success. Thus, this year, as in previous years we have crowned our financial success with the social benefits we have created.
We expect to see a 7 to 9 percent increase in revenue and EBITDAR (EBITDA + concession & rent) in 2016 and a corresponding 10 to 12 percent increase in net profit. While growing with our existing portfolio, we are going to continue to work on expanding our portfolio both through new airport acquisitions and new service contracts all around the world.”