Coca Cola İçecek: In line with expectations

  • CCOLA posted TL1,819mn net income in 3Q22, 7% lower than our estimate and 7% lower than consensus estimate.

  • The company recorded TL3,729mn EBITDA which was 2% lower than our expectation and 3% lower than consensus.

  • In 3Q22, CCOLA recorded 21.4% EBITDA margin, 79bps lower than our estimate of 22.2%.

November 4th, 2022
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