Brief: Turkcell Q1 Net Result Turns To Profit Of 2.63 Bln Lira YoY, Upgrades Revenue Growth Expectation For 2024

Turkcell Iletisim Hizmetleri

28/05/2024 07:52

May 28 (Reuters) - TURKCELL ILETISIM HIZMETLERI
 TCELL.IS :
    * SAID ON MAY 27, Q1 NET PROFIT OF 2.63 BILLION LIRA VERSUS
NET
LOSS OF 269.4 MILLION LIRA YEAR AGO 
    * Q1 REVENUE OF 29.47 BILLION LIRA VERSUS 26.60 BILLION LIRA
YEAR
AGO
    * SEES LOW-DOUBLE-DIGIT REVENUE GROWTH IN 2024 (PREVIOUS
EXPECTATION: HIGH SINGLE DIGIT)
    * SEES 2024 EBITDA MARGIN TO BE AT AROUND 42% (PREVIOUS
EXPECTATION: AROUND 42%)
    * SEES 2024 OPERATIONAL CAPEX OVER SALES RATIO TO BE AROUND
23%
(PREVIOUS EXPECTATION: AROUND 23%)

        
    
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