Earnings Report /
Turkey

Turkcell: Better-than-expected operating performance

  • TCELL recorded TL1,429mn net income, better than cons. est. of TL1,278mn but in line with our est. of TL1,421mn

  • Revenues were 3.0% above our estimates and EBITDA of TL4,030mn was 2.4% above our estimates. 

  • 2021 guidance revised up

Cemal Demirtas
Cemal Demirtas

Head of Research

ATA Invest
5 November 2021
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