Turk Telekomunikasyon AS

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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 ratin...

Turk Telekom recorded TL1,392mn net income in 2Q22, far better than consensus est. Despite higher than expected financial expenses, higher than expected deferred tax income led to strong net income. TL18.5 from TL17.5-18.3bn versus our estimate of TL...

· Turk Telekom recorded TL561mn net income in 1Q22, broadly in line with consensus est. Negative impact of higher than expected financial expenses was offset by higher than expected tax income. · TL12.5bn versus our estimate of TL12.2bn. Excluding no...

ALERT** ATA INVEST RESEARCH - 1Q22 Earnings Estimates and Valuation Updates - Attractive valuations for selected blue chip companies. Earnings growth continues in 2022 helped by high inflation. Ahead of earnings season starting today, we revised up o...

Supported by stronger than expected topline growth, Turk Telekom’s EBITDA increased by 21.2% y/y to TL4.30bn in 4Q21, beating our estimate of TL4.17bn and consensus of TL4.18bn. TL12.5bn versus our estimate of TL12.3bn. Direct costs and others increa...