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Hayır (No)
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Our company's expectations for 2018 are presented below.
• Volume growth: o 2%-4% in Turkey
o 8%-10% in international operations
o 4%-6% on a consolidated basis
• Net revenue growth:
o 8%-10% in Turkey
o 12%-14% in international operations (FX-neutral)
o 10%-12% on a consolidated basis (FX-neutral)
• EBITDA Margin:
o Flat in Turkey
o Slight improvement in international operations
o Slight improvement on a consolidated basis
• Capex/Sales: 7%-8% (on a comparable basis)
• Net debt/ EBITDA: Lower than 1.5x (on an FX-neutral and organic basis)
The business outlook of the Company is subject to the risks which are stated in the annual report and financial reports.
We hereby declare that our above statements are in conformity with the principles included in the Capital Markets Board's Communiqué on Material Events, that they fully reflect the information we have acquired, that the information complies with our books, records and documents, that we have made our best effort to fully and accurately obtain all information regarding the matter and that we are responsible for this disclosure made hereby.
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