[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
19.08.2024
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|

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 ).

Q3 2024 is confirming the persistent nature of high inflation, the spill-over of the on-going conflict in the Middle-East, the corresponding prolonged dent on consumer confidence as well as weakening purchasing power in our key operating regions of Türkiye and Pakistan.

Within this unprecedented challenging context, we are remaining focused on what we can control and are committed to our purpose of ‘creating value' for all our stakeholders , via focusing on world-class daily execution and making progress towards our long-term strategy.

As a consequence, reflecting about 2024 to-date, despite volume being under pressure, we have strengthened our fundamentals by increasing competitiveness and making progress towards our long term strategic aspiration by accelerating small packages, diversifying our beverages portfolio and growing faster in traditional trade and on-premise. Our relentless focus on quality revenue growth and cost control have both contributed to manage margn within an acceptable range.

Therefore, taking into account the most recent trends, our actions and our progress towards the long-term, we update our full year guidance:

- volume from " flat-to-low-single-digit growth " to "low-to-mid-single-digit volume decline"

-Due to the revised volume guidance, our FX-neutral Net Sales Revenue growth guidance also changes from "low 30s % growth " to " high 10s to low 20s % growth "

- We keep our EBIT margn guidance unchanged as " slight decline to flat vs last year" thanks to t imely hedges resulting in tight COGS control and relentless focus on strict opex management

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 :

Low-to-Mid-single-digit volume decline on a consolidated basis;

· Low single-digit volume decline to flat in Türkiye

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

Net Sales Revenue - Revised :

High 10s to Low 20s percentage FX-neutral NSR growth

EBIT Margin - Unchanged :

Slight-decline-to-Flat vs previous year