Edition:
United States

TAV Havalimanlari Holding AS (TAVHL.IS)

TAVHL.IS on Istanbul Stock Exchange

14.58TRY
24 Mar 2017
Change (% chg)

-- (--)
Prev Close
14.58TL
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
2,062,847
52-wk High
18.55TL
52-wk Low
10.30TL

Latest Key Developments (Source: Significant Developments)

TAV Airports and Al Rajhi to operate Yanbu International Airport
Thursday, 16 Mar 2017 01:55am EDT 

Tav Airports :General Authority of Civil Aviation (GACA) reaches agreement with TAV Airports Holding in partnership with Al Rajhi Holding Group (50%), for operating Yanbu International Airport in Saudi Arabia for 30 years.  Full Article

TAV Airports and Al Rajhi in talks with local authority for operating and development of Yanbu International Airport
Monday, 13 Mar 2017 05:59am EDT 

TAV Airports : TAV Airports Holding and Al Rajhi Holding Group enter into exclusive talks with General Authority of Civil Aviation(GACA) concerning the operating and development of Yanbu International Airport in Saudi Arabia . TAV Airports Holding and Al Rajhi Holding Group have an equal share (50%) within the consortium . Concession contract is for 30 years .Yanbu Airport served nearly 1.1 million passengers in 2016.  Full Article

TAV Airports expects flat revenue and EBITDAR in 2017, announces 2016 dividends
Friday, 17 Feb 2017 10:33am EST 

Tav Havalimanlari Holding AS : Sees flat revenue and EBITDAR (EBITDA before rent), in 2017 . Sees total capex: around 50 million euros ($53.16 million) in 2017 . Sees growth in total number of passengers served by TAV Airports: 4 to 5 percent in 2017 . Sees Significant net profit growth in 2017 . Proposes to pay FY 2016 dividend of 0.5801539 lira ($0.1597) per share .Proposes to pay FY 2016 dividend on March 24.  Full Article

TAV Airports 2016 net profit shrinks to 424.3 million lira
Friday, 17 Feb 2017 10:20am EST 

Tav Havalimanlari Holding AS : FY 2016 net profit of 424.3 million lira ($116.50 million) versus 632.9 million lira year ago .FY 2016 revenue of 3.45 billion lira versus 3.03 billion lira year ago.  Full Article

Tav Airports starts talks to increase its stake in Tibah Development to 50 pct
Tuesday, 6 Sep 2016 10:56am EDT 

TAV Havalimanlari Holding AS : Starts talks with Saudi Oger Ltd. to purchase half of its 33.3 percent shares of Tibah Airports Development Company ("Tibah Development") . With the completion of the share purchase upon necessary approvals, company stake in Tibah Development will increase to 50 percent .Medinah International Airport which served 5.8 million pax in 2015 has been operated by Tibah Development since 2012 under a 25 year concession ending in 2037.  Full Article

TAV Holding enters into exclusive talks for development and operation of José Marti International Airport
Friday, 5 Aug 2016 11:50am EDT 

Tav Havalimanlari Holding AS : In partnership with 38 percent company shareholder Groupe ADP and with Bouygues Bâtiment International, enters into exclusive talks with Cuban authorities, concerning the development and operation of José Marti International Airport, Havana . The Havana International Airport development project comprises the renovation, extension and operation of the existing international terminals . These developments, when completed in 2020 will provide the airport with a handling capacity of over 10 million passengers which is currently 5 million passengers .The project also ultimately includes the development of the San Antonio de los Banos Airport, located to the West of the capital.  Full Article

Akfen Holding may consider to sell minority stake in company
Thursday, 28 Jul 2016 09:52am EDT 

Akfen Holding: Says may consider to sell minority stake in Akfen Holding level in the future .Says not planning to sell stake in units TAV Havalimanlari Holding , Mersin International Port and Akfen Yenilenebilir Enerji.  Full Article

Tav Havalimanlari Holding revises its 2016 guidance
Wednesday, 27 Jul 2016 12:00pm EDT 

Tav Havalimanlari Holding As : In 2016 expects 20 percent decrease in Istanbul Ataturk Origin & Destination (O&D) Passengers . In 2016 expects 8-10 percent decrease in EBITDAR . In 2016 expects significant decrease in net profit . In 2016 expects stable revenue . Revises guidance because of security related incidents experienced both in Turkey and globally .Istanbul international passengers was flat in the first half of 2016, Origin and Destination (O&D) passengers decreased by 14 percent.  Full Article

TAV Havalimanlari Holding Q2 net profit down at 55.3 mln lira
Wednesday, 27 Jul 2016 11:21am EDT 

Tav Havalimanlari Holding As : Q2 revenue of 822.0 million lira ($271.11 million) versus 766.6 million lira year ago .Q2 net profit of 55.3 million lira versus 167.9 million lira year ago.  Full Article

TAV Havalimanlari Holding AS gives 2016 revenue growth outlook below analysts' estimates
Friday, 29 Apr 2016 11:13am EDT 

TAV Havalimanlari Holding AS:Sees 2016 revenue growth: 7 percent - 9 percent.Sees 2016 EBITDAR growth: 7 percent -9 percent.Sees 2016 net profit growth: 10 percent -12 percent.Sees 2016 Total capex: 100 million euros -110 million euros.Sees Istanbul international passenger growth in 2016: 7 percent -9 percent.Sees Total Traffic growth in 2016: 7 percent -9 percent.2016 revenue growth of 15 percent- Thomson Reuters I/B/E/S Estimates.  Full Article

More From Around the Web