Turk Telekomunikasyon AS: Higher deferred tax income helped the bottomline

  • Turk Telekom recorded TL1,171mn net income in 3Q22, higher than consensus est. of TL648mn and our est. of TL831mn.

  • Turk Telekom’s EBITDA increased by 17.4% y/y to TL5.04bn in 3Q22, 5.9% above our estimate of TL4.76bn.

  • We maintain our Outperform rating for Turk Telekom. However we favor Turkcell against Turk Telekom at current valuations

November 9th, 2022
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ATA Holding is a third-generation family-owned conglomerate, primarily active in financial services, food & retail, technology and rea estate. ATA Group consists of more than 20 companies, with a total consolidated sales figure exceeding US$2.0bn.


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