BGC Partners: TAVHL 4Q19 Earnings Review
TAV Airports posted a net profit of EUR223mn in 4Q19, in line with market consensus (EUR230mn), but lower than our expectation (EUR270mn). Adjusted EBITDA came in at EUR46mn in 4Q19, broadly in line with market consensus (EUR49mn), but weaker than our expectation (EUR57mn). TAV booked earnings from Istanbul Ataturk Airport as a discontinued item following the closure of the airport 6 AprilTAV Havalimanlari Holding is involved in the businesses related to the construction of terminal buildings, management and operation of terminals or airports. As of Dec 31 2015, Co.'s reportable segments include: terminal operations, which is involved in operating terminal buildings, the car park and the general aviation terminal; catering operations, which manages food and beverage operations of the terminal; duty free operations, which is involved in the sales of duty free goods; ground handling and bus operations, which provides traffic, ramp, flight operation, cargo and all other ground handling services for domestic and international flights; and other, which provides lounge services.
BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.
We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:
- Mergers & Acquisitions
- Equity Capital Markets
- Debt Finance & Advisory
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.