[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
Related Companies
[]
Related Funds
[]
English
oda_ForwardLookingEvaluationsAbstract|
Forward Looking Evaluations
oda_UpdateAnnouncementFlag|
Update Notification Flag
Evet (Yes)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
08.01.2024
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|

FY 2024 Revised Guidance

The forward looking guidance below is given on an organic basis and without any potential impact from the implementation of TAS 29 (Financial Reporting in Hyperinflationary Economies) and may change as per TAS 29. In order to provide a comparison with our previously shared guidance on Jan 8 th 2024, we again release the below guidance based on historical figures (i.e. without TAS 29).

We revise our full year guidance on volume from " mid-single-digit growth " to " flat-to-low-single-digit growth " on the back of lower purchasing power expectation and cautious consumer sentiment both reflecting the combination of lingering economic challenges with sensitivities resulting from the on-going conflict in the Middle East.

We are committed to creating quality value through investing ahead of demand in our geographies, executing effectively in the store, implementing Revenue Growth Management (RGM) actions and robust marketing plans. Our focus remains intact: "over time growing per capita NARTD consumption and creating value through our Quality Growth Algorithm (EBITDA growth > Revenue Growth > Transaction growth > Volume growth)." Accordingly, in order to find the optimal balance between volume and value growth, we are cautious in taking price increases in this macroeconomically challenging environment and we rely more heavily on other RGM actions to deliver top line growth. Nevertheless, with revised volume guidance and slower than initially planned price increases, we also revise our FX-neutral Net Sales Revenue growth guidance to "low 30% growth " from " low 40s% growth ".

Timely hedges resulting in tight COGS control combined with relentless focus on strict opex management enable us to deliver value in this challenging environment. Despite lower volume and our cautious stance on price increases, we will put relentless effort to deliver in line with our previous EBIT margn guidance of " flat vs previous year ". We do, however, see risk of a slight decline in EBIT margn vs previous year, if the operating environment deteriorates further. Incorporating this potential risk to our guidance, we amend our EBIT margn guidance as " slight decline to flat vs last year".

Our company's expectations for 2024 are as follows (on an organic basis and without any potential impact from the implementation of inflation accounting):

Sales Volume - Revised :

Flat-to-Low-single-digit volume growth on a consolidated basis;

· Low-to-Mid-single-digit growth in Türkiye

· Low-single-digit volume decline in the international operations

Net Sales Revenue - Revised :

Low 30s percentage FX-neutral NSR growth

EBIT Margin - Revised :

Slight-decline-to-Flat vs previous year