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.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More