Guidance Revision for 2019 Consolidated Financial Results
Our company has decided to revise upwards its 2019 guidance on EBITDA on the back of strong operational profitability in the first half of 2019.
Accordingly, under current circumstances, guidance for 2019 is as below:
- Consolidated revenue growth (excluding IFRIC 12) to be around 15% - 16% over 2018
- Consolidated EBITDA to be at TL 10.3 billion and TL 10.5 billion levels
- Consolidated CAPEX to be around TL 4.6 billion - TL 4.8 billion
| |
Previous Guidance |
Revised Guidance |
| Consolidated Revenue Growth (excluding IFRIC 12) |
Around 15% - 16% |
Around 15% - 16% |
| Consolidated EBITDA |
TL 10.0 billion - TL 10.2 billion |
TL 10.3 billion - TL 10.5 billion |
| Consolidated CAPEX |
Around TL 4.6 billion - TL 4.8 billion |
Around TL 4.6 billion - TL 4.8 billion |
Our company adopted IFRS 16 accounting standards starting from 1 January 2019.
EBITDA includes IFRS 16 impact, while CAPEX does not include gross additions to right of use assets (TL 850 - 900 million) which is netted of by gross additions to leasing liability arising from IFRS 16.