Turkey's TAV Havalimanlari falls on wider Q1 loss

Tav Havalimanlari Holding

28/04/2026 10:17

** TAV Havalimanlari Holding TAVHL.IS falls more than 4%

** Co, which develops, builds and manages airports, posts Q1 loss of 3 billion lira ($66.6 million) vs year-ago loss of 1.7 billion lira ($37.7 million); revenue at 18.4 billion lira vs 14.4 billion lira last year

** Markets had estimated smaller loss of 2.24 billion lira, given 1.9 billion-lira negative contribution from equity-accounted investments, higher expenses, Global Menkul Degerler says

** Brokerage Is Yatirim views results as "weak"

** Says net loss wider than its expectation of 51 million euros ($59.7 million), hurt by "weak operational profitability, rising net financial expenses and higher depreciation expenses"

** Maintains "buy", citing co's medium- to long-term growth potential, despite its negative view on quarterly results

** TAVHL among worst performers on Turkey's main BIST 100 index .XU100, which is down 0.7%

($1 = 45.0530 liras)

($1 = 0.8546 euros)

 (Reporting by Arda Dipova)

 ((arda.dipova@thomsonreuters.com))