TAV increased revenue by 17%

  • Published by Ozgur Tore

thy airport queue

TAV increased its revenue by 17% to EUR 508 million in the first half of 2015. Consolidated net profit of TAV Airports increased 4% and reached EUR 88 million. The number of passengers at the airports operated by TAV reached 48 million with an increase of 8% compared to the previous year.

tav airportsTAV Airports Holding, a global player in airport operations, announced a net profit of EUR 88 million in the first half of 2015 with an increase of 4% compared to the previous year and increased its revenue to 508 EUR million with an increase of 17%.

Sani SenerTAV Airports Holding President & CEO Sani Şener stated “We made a strong start to 2015 in the first half of the year. Passengers served grew at 8%, while revenue grew at 17% YoY. Strength in aviation and commercial (duty free, catering and retail) revenue due to favorable FX was instrumental, while new IT projects also contributed the topline. EBITDA growth was at 21% and operating leverage continued. Net profit grew at 4%, mainly due to non-cash items, such as deferred taxes.

“In the second quarter we distributed a total of TRY306m in dividends as cash, corresponding to a payout ratio of 50% and a dividend yield of 3.5%. In the future, we are going to continue to abide by our ‘smart growth’ strategy, where we aim to balance growth with dividends.

“Medinah airport renovation project was completed in the second quarter and after trial runs, the opening ceremony was honored by His Royal Highness King Salman of Saudi Arabia. It was also a pleasant surprise for us to celebrate both Ramadan and the opening of the new terminal together. We are very proud to serve the second holy city of Islam with an airport that’s truly at global standards.

“The duty free operation in Oman, Salalah also started in the second quarter, as our strategy of also growing outside the TAV ecosystem through our service companies starts to bear fruit. The vertically integrated airport system we have built puts us in the forefront at this industry. While we are always keen to improve ourselves, we have also started selling know-how across the world through our training company, TAV Academy. Through our airport and service companies we now provide services in 64 airports across the world and this number will grow.”


Most Read in this category since 01.01.2017

Prev Next


Spend a Romantic Weekend in Tallinn, Estonia

Spend a Romantic Weekend in Tallinn, Estonia

Beginning of December 2016, me and my wife visited Tallinn, the capital of Estonia, and if you are searching for a romantic weekend, then you should consider Tallinn. The Estonian capital offers tra...

Best of Greek Islands with Celestyal Cruises

Best of Greek Islands with Celestyal Cruises

In Summer 2016, I had chance to sail to Greek Islands with the Celestyal Cruises. In an organization with Karavan Cruises, travelers enjoyed best of Greek islands with Celestyal and received a compl...

Unique and Luxurious Vacation Destination in Turkey: Cappadocia

Unique and Luxurious Vacation Destination in Turkey: Cappadocia

ftnNEWS would like to present you a unique vacation idea here in Turkey: Cappadocia Region. Located on the central Anatolia plateau within a volcanic landscape sculpted by erosion to form a successi...