15-Feb-2016 10:18 AM

TAV: Guidance for 2016

Direct News Source

12-Feb-2016 In our material event disclosure dated February 19 2015, we had announced our guidance for 2015 under normal market conditions.

While, the guidance has been met in revenue, EBITDA and capital expenditures, net profit in € terms came in at -4%, below the guidance of +5-10% due to depreciation of Turkish Lira. Under our FX and passenger assumptions, our company's targets for 2016 are as follows:

- Istanbul international passenger growth:

7 to 9 percent,

- Growth in total number of passengers served by TAV Airports:

7 to 9 percent, - Revenue growth: 7 to 9 percent, - EBITDAR growth: 7 to 9 percent, - Net profit growth:

10 to 12 percent, - Total capex: EUR 100 to 110 million.