Brief: Migros Q2 Net Profit Down At 604.3 Mln Lira YoY, Revises 2024 Outlook

Migros Ticaret AS

21/08/2024 06:53

Aug 21 (Reuters) - MIGROS TICARET  MGROS.IS :

    * SAID ON AUG. 20, MIGROS TICARET Q2 NET PROFIT OF 604.3
MILLION
LIRA VS NET PROFIT OF 2.77 BILLION LIRA YEAR AGO
    * MIGROS TICARET Q2 REVENUE OF 64.29 BILLION LIRA VS 58.12
BILLION
LIRA YEAR AGO
    * MIGROS TICARET SEES CONSOLIDATED SALES GROWTH TO BE AROUND
10%
IN 2024 WITH IAS 29 INFLATIONARY ACCOUNTING (PREVIOUS FORECAST:
HIGH SINGLE-DIGIT)  
    * MIGROS TICARET SEES CONSOLIDATED SALES GROWTH TO BE AROUND
75%
IN 2024 WITHOUT IAS 29 INFLATIONARY ACCOUNTING (PREVIOUS
FORECAST: 70%)  
    * MIGROS TICARET EXPECTS CONSOLIDATED EBITDA MARGIN TO BE 
4.5% -
5.0% IN 2024 WITH IAS 29 INFLATIONARY ACCOUNTING   
    * MIGROS TICARET SEES CAPITAL EXPENDITURES TO BE AROUND 8.00
BILLION LIRA IN 2024 WITHOUT IAS 29 INFLATIONARY ACCOUNTING 
    * MIGROS TICARET SEES AROUND 350 NEW STORES TO BE OPENED IN
2024
(PREVIOUS FORECAST: 250 STORES) 

        
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