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The Board of directors has decided to release the following statement and guidance for the fiscal year 2017.
In line with our strategic plan, we have taken steps to improve our competitive edge, market presence and profitability following our recent acquisitions/investments in Akay (Lokman Hekim Akay Hospital) and Demet (Lokman Hekim Demet Medical Center), both in Ankara.
We continue to invest in Akay Hospital to improve technology, infrastructure and service quality in 2017. Work is also ongoing at Demet to improve profitability in that location as well.
With land acqusition now complete, Lokman Hekim Etlik Hospital expansion project will also gain momentum this year. Our plan is to commence the construction phase later in the year.
We continue working towards our objective to improve brand awareness an invest in underserved cities with promising growth prospects of Anatolia.
We expect to generate
TL235 - 240 million in 2017 consolidated sales, up from TL195 million in 2016, consistent with 20-23% growth year on year,
TL32.5 – 34 million in 2017 EBITDA, up from TL27 million in 2016, consistent with 21-26% growth year on year,
13.8-14.2% in 2017 EBITDA margn versus 14% in 2016. We expect EBITDA margn to widen towards 15% next year, our long term objective.
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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