7-May-2012 1:51 PM
TAV Holding EBITDA up 33% in 1Q2012
Turkey's TAV Holding revenue up 19% - financial highlights for three months ended 31-Mar-2012:
- Revenue*: EUR211.3 million, +19% year-on-year;
- Aviation: EUR51.5 million, +22%;
- Sale of duty free goods: EUR49.2 million, +22%;
- Ground handling: EUR39.9 million, +16%;
- Commission from duty free sales: EUR20.7 million, +18%;
- Catering: EUR15.8 million, +43%;
- EBITDA*: EUR46.8 million, +33%;
- Airports: EUR43.2 million, +41%;
- Istanbul Ataturk Airport: EUR34.5 million, +43%;
- Ankara Airport: EUR4.8 million, -6%;
- Airports: EUR43.2 million, +41%;
- Net profit: EUR12.0 million, compared to a loss of EUR14.5 million in p-c-p;
- Passenger numbers: 13.7 million, +35%;
- Domestic: 6.6 million, +48%;
- International: 7.1 million, +24%;
- Duty free spend per passenger: EUR15.7, -5%;
- Total assets: EUR2065 million, -1% when compared to period ended 31-Dec-2011;
- Cash and cash equivalents: EUR89.5 million, +17%;
- Total liabilities: EUR1502 million, -1%. [more - original PR]
*Figures are adjusted by including guaranteed passenger fee revenues from airports in Ankara and Izmir.