2023-05-10 00:51:03 ET
- Turkcell Iletisim press release ( NYSE: TKC ): Q1 Net income up 250.8% to TRY2.8B.
- Revenue of TRY 17.28B (+61.5% Y/Y).
- EBITDA up 57.1% leading to an EBITDA margin of 39.1%; EBIT up 83.7% resulting in an EBIT margin of 23.6%.
- Net leverage level at 0.9x; net short FX position of $31 million.
- Residential fiber ARPU growth of 31.4% year-on-year.
- Average monthly data usage of 4.5G users at 17.4 GB in Q123; smartphone penetration at 88%.
- 2023 guidance maintained ; revenue growth target of between 55-57%, EBITDA target of around TRY34 billion, and operational capex over sales ratio target of around 22%.
For further details see:
Turkcell Iletisim reports Q1 results; reaffirms FY23 guidance