TAV Airports records €1bn in revenue for 2015

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Turkish airport operator TAV Airports reported revenues of more than €1bn (US$1bn) in 2015, a 10% increase over the previous year. Despite this increase, the company posted a net profit of €210m (US$230m) for the year, 4% less than the €218m (US$240m) recorded in 2014.

Sani Sener, CEO and executive board member of TAV Airports, said, “The revenue 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 €500m (US$560m) to the state in the form of rent, taxes and social security. We paid €200m (US$220m) to our employees as wages. We invested €88m (US$100m) to increase passenger comfort and created employment opportunities for our youth. Tto be considered truly successful, 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.

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

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Helen has worked for UKi Media & Events for nearly a decade. She joined the company as assistant editor on Passenger Terminal World and since progressed to become editor of five publications, covering everything from aviation, logistics and e-commerce to meteorology. She has a love for travel and property and has redeveloped three houses in three years. When she’s not editing magazines, she’s running around after her two boys and their partner in crime, Pete the pug.

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