Earnings Report /
Turkey

Coca Cola İçecek: 3Q21 Review: Solid results but slightly below our estimates

  • CCOLA posted TL916mn net income in 3Q21

  • The company recorded TL1,615mn EBITDA

  • Based on our estimates, currently CCOLA is trading at 2022E 5.1x EV/EBITDA and 9.8x P/E

Cemal Demirtas
Cemal Demirtas

Head of Research

Aytunc Uz
Aytunc Uz

Equity Research Analyst

ATA Invest
4 November 2021
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