TAV Airports’ revenue passes EUR 1 billion

  • Son Güncelleme: 13/02/16 08:06:10
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TAV Airports Holding (BIST:TAVHL, “TAV”), a global player in airport operations, announced its 2015  EBITDA of EUR 488 million with an increase of 13% and its 2015 revenue of EUR 1079 million with an increase of 10%.

TAV Airports Holding Executive Board Member & CEO Sani Sener stated “The revenue, EBITDA and net profit we have posted are naturally indicators of our success. However, these metrics only go so far to show the true value of an enterprise.

I believe what’s equally as important is what we contribute to our country, employees and clients as a company. This year we paid around EUR 500 million to the state in the form of rent, taxes and social security. We paid EUR 200 million to our employees as wages. We invested EUR 88 million to increase passenger comfort and created employment opportunities for our youth. An enterprise must prioritize the benefits of the country, pay its employees fairly, contribute to their development through education and training and invest in the future to be considered truly successful. TAV’s main goal is to go after this kind of success. Thus, this year, as in previous years we have crowned our financial success with the social benefits we have created.

We expect to see a 7 to 9 percent increase in revenue and EBITDAR (EBITDA + concession & rent) in 2016 and a corresponding 10 to 12 percent increase in net profit. While growing with our existing portfolio, we are going to continue to work on expanding our portfolio both through new airport acquisitions and new service contracts all around the world.”

KEY PERFORMANCE INDICATORS*

(in EURm) 

2014

2015

∆ y-o-y 

Consolidated Revenue

983

1079

10%

EBITDA

434

488

13%

EBITDA margin (%)

44.1%

45.3%

1.2 ppt

Net Profit

218

210

-4%

Average number of employees

14,478

15,111

4%

Number of passengers (m)

94.9

102.5

8%

- International  

54.6

57.6

6%

- Domestic  

40.4

44.9

11%

*Adjusted for IFRIC 12 except net profit.

 

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