Earnings Report /
Turkey

TAV Airports Holding: Slightly worse than expected bottom line…

  • TAV Holding posted EUR39mn net loss in 2Q21, 23% higher than our expectation of EUR32mn net loss.

  • The company reported EUR28mn EBITDA, 26% higher than our and consensus estimate of EUR22mn

  • According to preliminary July numbers, Antalya served 59% of int passengers compared to the same period in July of 2019.

Aytunc Uz
Aytunc Uz

Equity Research Analyst

ATA Invest
28 July 2021
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