Subscribe Free
in Airports

TAV Airports revenue reached EUR 1.1 billion in 2017

Posted 22 February 2018 · Add Comment

TAV Airports Holding increased passengers served 10% and reached 115 million.

The company increased revenue 3% and reached EUR 1,143 million. The company will continue to create social benefit to foster economic growth in its operating geography.

TAV Airports Holding Executive Board Member & CEO Sani Sener said:

“The main theme of 2017 for us and the aviation sector in general was a sharp recovery from a very difficult 2016.

“In 2017, our consolidated revenue increased 3% and reached EUR 1143 million. EBITDA increased 13% and reached EUR 519 million with improved cost control. We served around 115 million passengers in 2017, indicating 10% growth compared to 2016. We finished the year with 9% growth in Istanbul Ataturk Airport international O&D passengers and 7% growth in Istanbul international passengers. Our net profit grew at 37% and reached EUR175 million. In all items we have either met our revised guidance or have performed better than guidance, due to better than expected passenger recovery.

“In 2017, we distributed TRY248 million in dividends in line with our “smart growth” strategy and our official dividend policy of 50% payout. Similarly, for 2018, our Board of Directors has resolved to submit for shareholder approval, a dividend of TRY406 million, out of 2017 earnings at the General Assembly meeting, which corresponds to a payout of 50%. We will continue to produce value for our investors both through regular dividend payments and addition of new concessions to our portfolio for further enhancement of future returns.

We are expecting another strong year in 2018 with 10 to 12 percent growth in total TAV passengers Under our traffic and FX assumptions and assuming Istanbul Ataturk Airport will operate for the full year in 2018, we expect 6 to 8 percent growth in Istanbul Ataturk Airport international passengers, 9 to 11 percent growth in Istanbul Ataturk Airport international O&D passengers, 2 to 4 percent growth in consolidated revenue, 5 to 7 percent growth in EBITDA, double digit increase in net profit and approximately EUR 80 million capital expenditures compared to 2017.” 

Sener  concluded: “I would like to thank our shareholders, our employees and all our stakeholders for building one of the truly global Turkish brands. We will continue to serve the world proudly with the best-in-class know how that we developed in our home country. “

* required field

Post a comment

Other Stories
Advertisement
Latest News

Qatar Airways Group chief executive addresses Global Aviation Summit in Mumbai

A Qatari delegation led by the Qatari Minister of Transport, Mr. Jassim bin Saif Al Sulaiti, which also included the chairman of Qatarís Civil Aviation Authority, Abdullah bin Nasser Turki Al-Subaey and Qatar Airways Group chief

Spatial launches new website to further support its global client base

Spatial, a provider of cabin crew training simulators based in Ras Al Khaimah, has launched its new company website to help further support its expanding global client.

The New Airport Show Istanbul to take place in June

The aviation industry in Turkey is on the rise after the opening on 29 October 2018 of Istanbul Airport and now it is to host The New Airport Show Istanbul from June 18-20, 2019.

GCAA wins at Sheikh Mohammed Bin Rashid Al Maktoum Award for Governmental Excellence

Winners of Sheikh Mohammed Bin Rashid Al Maktoum Award for Governmental Excellence in its fifth edition 2018 were honoured yesterday in Abu Dhabi.

Home and away, TS&S builds links to the future

Abu Dhabiís TS&S Aerospace is spreading its wings with fresh maintenance, repair and overhaul (MRO) contracts beyond its home territory. Acting CEO, Mansoor Janahi, talks to Chuck Grieve about whatís driving this expansion.

Emirates and Flydubai continue to expand partnership

The strategic partnership between Dubaiís two airlines, Emirates and Flydubai, continues to grow since its launch 14 months ago as it adds new codeshare destinations in 2019.

ACCA19_SK0201080919
See us at
Aviation Africa BT0607280219SaudiAirshowBT0711140319AIME19BTA3005120219MECAS_BT171218130219ACCA19_BT2141218280219