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;
    • Istanbul Airport: EUR24.1 million;
    • Ankara Airport: EUR5.1 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]