Board Of Directors' Message

In 2017 Groupe ADP increased its stake in TAV Airports to 46%. This acquisition identifies TAV Airports as the main growth vehicle of Groupe ADP in Emerging Europe, Baltics, CIS, Middle East and Africa.

TAV'S GROWTH STRATEGY

TAV Airports built its growth strategy on three pillars: organic growth, inorganic growth, and growth of service companies.

Organic
growth

We are on three continents, in seven countries, and at 14 airports. The number of passengers we serve increased 10% and reached 115 million in 2017. Our primary target in the upcoming period will be to maximize our revenue and profitability at all the airports where we operate.

Inorganic
growth

With our strong partners and integrated business model, we plan to focus on new and profitable business opportunities all over the world in the coming period.

Growth of service companies
outside of TAV

Over the years, our service companies have significantly contributed to TAV's success and started to provide services at airports not operated by TAV. We believe that the world aviation sector will soon meet with our star companies rising from Turkey in areas such as duty free, food & beverage, ground handling and information technologies.

Total investment of TL 166 million

TAV Airports continues to invest in the future of airport management.

43% growth in passenger traffic after the investment in Georgia

Passenger traffic grew significantly after the terminal capacity increase.

Three new airports in Saudi Arabia

TAV Airports won the concession to operate Yanbu, Al-Qassim and Hail airports.

Serving 115 million passengers

TAV Airports and its service companies serve a total of 77 airports in 19 countries across 4 continents.

Net Profit of TL 718 million

In 2017, TAV Airports' net profit increased 69%.

40% increase in EBITDA

TAV Airports' EBITDA increased 40% in 2017 and reached TL 2.14 billion.

An important strategic partnership with Groupe ADP

Groupe ADP increased its shareholding in TAV Airports, confirming its confidence in Turkey and TAV Airports.

A portfolio consisting of 23 airports and 228 million passengers

With the combined airport portfolio and know-how formed by this partnership...