Earnings Report /
Turkey

Turkcell AS: Q2 results slightly better than expected

  • Turkcell recorded TL1,113mn net income in 2Q21, slightly better than cons. est. of TL1,069mn and our est. of TL1,074mn

  • Revenues were 2.7% above our estimates and EBITDA of TL3,466mn was 2.7% above our estimates. 

  • The company management revised up its topline growth guidance to c.18% and EBITDA guidance to TL14.3bn

Cemal Demirtas
Cemal Demirtas

Head of Research

ATA Invest
16 August 2021
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