Guidance for 2018 Consolidated Financial Results
Our company adopted IFRS 15 and IFRS 9 accounting standards starting from 1 January 2018.
Adoption of these standards is expected to have around TL 600 million incremental impact on 2018 EBITDA and CAPEX, while no material impact is expected on revenue. Accordingly, we revise 2018 guidance, previously announced via 8 February 2018 dated regulatory disclosure.
Under current circumstances, revised guidance for 2018 is as below:
- Consolidated revenue growth (excluding IFRIC 12) to be around 11% over 2017
- Consolidated EBITDA to be at TL 7.6 billion and TL 7.8 billion levels
- Consolidated CAPEX to be around TL 4.1 billion
|Consolidated Revenue Growth
(excluding IFRIC 12)
||TL 7.0 billion - TL 7.2 billion
||TL 7.6 billion - TL 7.8 billion|
||Around TL 3.5 billion
||Around TL 4.1 billion|
*Turk Telekom will apply IFRS 16 for the first time starting from 1 January 2019. Hence, 2018 guidance does not incorporate any impact of IFRS 16 accounting standard.