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TAV Airports revenue jumps 23%, EBITDA up 28% in first nine months of 2010

27-Oct-2010 1:06 PM

Turkey’s TAV Airports revenue jumps 23% – financial highlights for the nine months ended 30-Sep-2010:

  • Revenue*: EUR593.8 million, +23% year-on-year;
    • Aeronautical: EUR155.1 million, +28%;
    • Sales of duty free: EUR120.0 million, +13%;
    • Ground handling: EUR121.4 million, +35%;
    • Commission from duty free sales: EUR56.9 million, +10%;
    • Catering: EUR34.5 million, +24%;
    • Other: EUR105.8 million, +22%;
  • EBITDA*: EUR172.5 million, +28%;
  • Net profit: EUR39.4 million, +12%;
  • Total assets: EUR2,037 million, +5.9%;
  • Total liabilities: EUR1,526 million, +1.1%;
  • Operating cash flow: EUR151.4 million, +35%;
  • Net debt: EUR890.5 million, -4%;
  • Capital expenditure: EUR77.1 million, -40%;
  • Passenger numbers: 36.0 million, +13%;
  • Aircraft movements: 308,945, +9%;
  • Duty free spend per passenger: EUR13.9, -5%. [more]

*Adjusted by including guaranteed passenger fee revenues from airports in Ankara and Izmir