TAV Airports Holding EBITDA up 23% in 1H2012

Turkey's TAV Airports Holding revenue up 20% - financial highlights for six months ended 30-Jun-2012:

• Revenue: EUR483 million, +20% year-on-year;
  • Aviation: EUR121 million, +25%;
  • Sales of duty free goods: EUR113 million, +22%;
  • Ground handling: EUR94 million, +10%;
  • Commission from duty free sales: EUR48 million, +20%;
  • Catering services: EUR35 million, +45%;
• EBITDA: EUR129 million +23%;
  • Istanbul Ataturk Airport: EUR76.9 million, +29%;
  • Ankara Airport: EUR10.8 million, +1%;
  • Izmir Airport: EUR9.4 million, +19%;
• Net profit: EUR48 million, compared to a loss of EUR5 million in p-c-p;
• Passenger numbers: 31.5 million, +34%;
• Aircraft movements: 257,131, +25%;
• Duty free spend per passenger: EUR15.4, -2%;
• Istanbul Ataturk Airport: EUR16.6, -5%;
• Total assets: EUR2088 million, +3%;
• Cash and cash equivalents: EUR80 million, -2%;
• Total liabilities: EUR1519 million, +2%. [more - Original PR]

TAV Airports Holding: "The operational highlight of the second quarter was the takeover of the operations of the Medinah Airport in Saudi Arabia at the end of June 2012. At the heart of the Muslim world, the Medinah Airport is also poised to deliver exceptional growth in the coming years," Dr Sani Şener, President and CEO. Source: Company statement, 24-Aug-2012.