TAV Airports Holding EBITDA up 4% in 1Q2016

TAV Airports Holding revenue up 2% - financial highlights for three months ended 31-Mar-2016:

• Revenue: EUR231.3 million, +2% year-on-year;
• • Aviation: EUR75.8 million, +6%;
  • Ground handling: EUR28.4 million, +3%;
  • Commission from duty free sales: EUR52.1 million, stable;
  • Catering services and retail: EUR26.3 million, +6%;
• EBITDA: EUR81.6 million, +4%;
• Net profit: EUR14.6 million, -52%;
• Capex: EUR24 million, +7%;
• Passenger numbers: 22.8 million, +6%;
• • Domestic: 10.3 million, +7%;
  • International: 12.5 million, +6%;
• Duty free spend per passenger: EUR15.1, -3%;
• Total assets: EUR3105 million;
• Cash and cash equivalents: EUR65 million;
• Total liabilities: EUR2398 million. [more - original PR]

TAV Airports Holding: "Going forward, we will focus on the organic growth of our existing airports portfolio and the enlargement of this portfolio by addition of new airport operation assets. The third pillar of our strategy is the vertical growth of our service companies. We will continue to seek value accretive potential opportunities across the world. Currently, TAV is representing Turkey with 65 airports all around the world, both through airport and service operations," Sani Sener, CEO. Source: Company statement, 29-Apr-2016.