TAVHL 2Q18 - BETTER
€86mn NI in 2Q18 is 37% higher than cons., adj EBITDA of €157mn is 9% also higher, thx to: i) Better perf of local Havas & TGS ground handling, Antalya Airport, Istanbul duty free, and Tunisia, ii) lower net fin. exp and lower eff. tax rate. Mgt revised up 2018 guidance incl. Antalya Airport acquisition impact plus fine-tuning for Istanbul pax growth: i) total pax growth: > 30% (prev: 10-12%). Ii) Revenues:+4-6% (prev: 2-4%). iii) EBITDA: +14-16% (prev: 5-7%). iv) Net profit to grow at ‘significant double digit’.TAV 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
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