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3-May-2011 11:45 AM

TAV Airports Holding's revenue up 27%, EBITDA doubles in 1Q2011

Turkey’s TAV Airports Holding revenue up 27% - financial highlights for the three months ended 31-Mar-2011:

  • Revenue: EUR177.2 million, +27% year-on-year;
    • Aviation: EUR42.4 million, +22%;
    • Sales of duty free goods: EUR40.3 million, +24%;
    • Ground handling: EUR34.5 million, +64%;
    • Commission from duty free sales: EUR17.5 million, +16%;
    • Catering services: EUR11.0 million, +18%;
  • EBITDA: EUR35 million, +100%;
    • Airports: EUR30.6 million;
  • Net profit (loss): (EUR14.5 million), compared with a loss of EUR15.3 million in p-c-p;
  • Passenger numbers: 10.1 million, +8%;
    • Domestic: 4.5 million, +8%;
    • International: 5.6 million, +8%;
  • Aircraft movements: 894,575, +8%;
    • Domestic: 37,143, +11%;
    • International: 57,432, +6%;
  • Total assets: EUR1999 million, -2.0% when compared with the period ended 31-Dec-2010;
  • Cash and cash equivalents: EUR52.6 million, +62.2% when compared with the period ended 31-Dec-2010;
  • Total liabilities: EUR1467 million, -2.1% when compared with the period ended 31-Dec-2010. [more]

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