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.