Turkey

TAV Airports Holding: 3Q22 review – Better than expected results

  • TAV Holding posted EUR98mn net income in 3Q22, higher than our estimate of EUR72mn and consensus of EUR76mn net income.

  • The company reported EUR138mn EBITDA, 4% higher than our estimate of EUR132mn and consensus estimate of EUR132mn.

  • After 3Q22 results the company management revised up its EBITDA guidance

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October 31st, 2022
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Turkey

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ATA Holding is a third-generation family-owned conglomerate, primarily active in financial services, food & retail, technology and rea estate. ATA Group consists of more than 20 companies, with a total consolidated sales figure exceeding US$2.0bn.

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