27-Oct-2010 1:06 PM
TAV Airports revenue jumps 23%, EBITDA up 28% in first nine months of 2010
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