12-Mar-2010 1:09 PM
TAV Airports Holding reports 19% jump in EBITDA in 2009
Turkey's TAV Airports Holding reports (11-Mar-2010) the following consolidated financial highlights for the 12 months ended 31-Dec-2009:
- Adjusted revenue*: EUR639.7 million, +2% year-on-year;
- Airports: 376.8 million, stable;
- Duty free goods: EUR142.0 million, -5%;
- Aeronautical: EUR162.2 million, +2%;
- Ground handling: EUR113.2 million, +6%;
- Commission from duty free sales: EUR68.2 million, -6%;
- Catering service: EUR38.1 million, +4%;
- Total operating costs: EUR509.5 million, -2%;
- Adjusted EBITDA*: EUR167.4 million, +19%;
- Adjusted EBITDAR*: EUR311.1 million, +5%;
- Airports: EUR248.6 million, -1%;
- Net profit: EUR51.5 million, +1003%;
- Passenger numbers: 42.1 million, +3%;
- Domestic: 16.4 million, +3%;
- International: 25.7%, +3%;
- Duty free spend per passenger: EUR14.9, -6%. [more]
*Includes guaranteed passenger fee revenues from airports in Ankara and Izmir
TAV Airports Holding: "Against the global turmoil, TAV Airports Holding experienced a solid traffic growth in 2009, thanks to its business strategy focused on high growth regions," Sani Sener, CEO. Source: TAV Airports Holding, 11-Mar-2010.