Earnings Report /
Turkey

TAV Airports Holding: 3Q21 review – Better-than-expected bottom line

  • TAV Holding posted EUR65mn net income in 3Q21, 81% higher than our expectation of EUR36mn net income

  • TAVHL reported EUR93mn EBITDA, 1% less than our estimate of EUR94mn and parallel to consensus estimate of EUR93mn

  • According to the CEO Sener, cash operating expenses excluding Almaty Airport in 9M21 were 44% less than 9M19

Aytunc Uz
Aytunc Uz

Equity Research Analyst

ATA Invest
22 October 2021
Published by