Press Releases

Press Releases

TAV Airports Holding’s Q1 operating profitability hits record high

TAV Airports Holding Inc. (ISE: TAVHL, “TAV”) increased consolidated revenue by 27% and doubled operating profitability in €.

As per 2011 first quarter financial results, TAV Airports surpassed estimates in revenue and operating profit. TAV attained €177 million consolidated revenue, marking 27% increase and operating profitability (EBITDA) increased by 100% in the first quarter of 2011. 

TAV Airports Holding Inc. President & CEO M. Sani Şener commented, “As TAV Airports we have increased our consolidated revenue to €177 million marking 27% increase. Likewise, consolidated EBITDA grew by 100% compared to last year.” Şener also stated, “Although the first quarter corresponds to the lowest season in aviation, we have got favorable results indicating the high performance and the increasing operational efficiency of TAV.” 

Şener remarked “As TAV, we are paying high attention to scientific facts, data, and events since we claim that ‘if you deeply understand and effectively manage scientific facts, data, and events, then you can decipher the behavior of the passenger’. Considering the financial results of TAV, it is obvious that we have managed smart and healthy growth. I would like to thank all TAV Group employees, our investors, and customers.”

TAV Airports served 10.1 million passengers -which was 9.4 in the same period of 2010- in the first quarter of 2011 at 10 airports in Turkey and abroad.

BRIEF FINANCIAL AND OPERATIONAL INFO


(in mn €) 

1Q11

1Q10

∆ y-o-y 

Consolidated Revenue

177

140

27%

EBITDA

35

18

100%

EBITDA margin (%)

19.8%

12.6%

7.2 ppt

Net Loss

14.5

15.3

nm

Equity

430

352

22%

Average number of employees

18.832

14.212

33%

Number of passengers (mn)

10.1

9.4

8%

- International  

5.6

5.2

8%

- Domestic  

4.5

4.2

8%

nm: not meaningful
Note: The data stated in the Press Release is published upon the calculation of the adjusted revenue and EBITDA.
About TAV Airports Holding

TAV Airports Holding is the leading airport operator in Turkey. TAV Airports Holding operates Istanbul Ataturk Airport Ankara Esenboga Domestic and International Terminals and Izmir Adnan Menderes Airport International Terminal, Gazipasa Airport in Antalya in Turkey, and the Tbilisi and Batumi Airports in Georgia, the Monastir and Enfidha Airports in Tunisia, as well as Skopje and Ohrid Airports in Macedonia. TAV Airports operates in other branches of airport operations as well, such as duty free sales, food and beverage services, ground handling services, information technologies, and security and operation services. TAV Airports serve 420K flights and 48 million passengers on average per year. The company shares are listed in the Istanbul Stock Exchange since February 23, 2007, under the name of "TAVHL".

www.tavairports.com
www.tavyatirimciiliskileri.com