Turkcell Announces Next 3-Year Targets
November 14 2019 - 7:41AM
Business Wire
- Turkcell expects an annual revenue growth of 13%-16%, an
EBITDA margin of 39%-42% and an EBIT margin of 18%-21% in the next
three years.
- At London meeting, the company detailed its plans in
strategic focus areas, digital services, digital business solutions
and techfin.
- Targets include enlarging the subscriber base in Turkey by 1
million per year until 2022, generating 2.5 billion TL standalone
revenue from digital services by 2022, being number one ICT
provider in Turkey, and reaching 17 million monthly active users
and 41 billion TL volume at Paycell.
- The Company pursues value creating opportunities and aims to
actively manage its portfolio of businesses.
Turkcell (NYSE:TKC) (BIST:TCELL) Senior Management hosted the
Capital Markets Day 2019 that consisted of presentations on the
company’s financials, operations and strategic focus areas for the
next 3 years. At the event, Turkcell informed analysts, investors
and journalists about the further development of the company’s
strategy and targets.
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the full release here:
https://www.businesswire.com/news/home/20191114005383/en/
Turkcell Senior Management hosted the
Capital Markets Day 2019 that consisted of presentations on the
company’s financials, operations and strategic focus areas for the
next 3 years. (Photo: Business Wire)
During the event, the company announced its targets for
2020-2022 as revenue growth of 13%-16%, an EBITDA margin of 39%-42%
and an EBIT margin of 18%-21%. The leading digital telco in the
region will focus on enlarging its subscriber base by 1 million per
year, accelerating digital service revenues, expanding its ICT
solutions for corporates and providing new techfin solutions for
the period ahead. The company also announced its revised 2019
guidance. Accordingly, revenue growth is expected at around 18%;
EBITDA margin increased to the 41%-42% range and operational capex
over sales of around 18%. The company also disclosed an EBIT margin
guidance for 2019 at 20%-21%.
Turkcell’s key strategic areas to power sustainable
growth
“At Turkcell, we pursue sustainable growth across multiple
fronts with our life-enhancing digital services, the leading
techfin offering and end-to-end integrated ICT solutions,” says
Murat Erkan, Turkcell CEO. “Our proven success in customer-focused
campaigns and continuous expansion of services attracted over half
a million customers in the last quarter. As we move forward, we
will continue to strive for added-value business opportunities with
our digital services, ICT and techfin services – and help achieve
our targets towards sustainable success in the future.”
Leading digital services and ICT solutions provider
Combining its telco and OTT abilities, Turkcell provides
top-notch features and an integrated experience through its digital
services that allow users to do more. Turkcell will accelerate
digital service performance in the upcoming period and ensure
standalone growth at large, backed by its state-of-the-art
infrastructure. The company targets generating 2.5 billion TL
standalone revenue from digital services by 2022.
Regarding its second strategic focus area, Turkcell will
continue to provide end-to-end ICT solutions for corporates, having
become their trusted partner during their journey of digital
transformation. By 2022, the company will have boosted overall
corporate business with multiplay focus, and targets becoming the
leading ICT solution provider in Turkey.
The company’s techfin services, a key focus area, continue to
expand as lifestyle SuperApp becomes more popular, new agreements
with key accounts are established and regulation becomes more
supportive. Turkcell will reach a wider customer base with a
complete portfolio of solutions in the field, and targets reaching
17 million monthly active Paycell users, 41 billion TL annual
transaction volume by 2022.
“We are at the monetization phase of 4.5G, as evidenced by our
free cash flow generation of 1.5 billion TL in the first nine
months of 2019. As Turkcell Finance, we will continue our prudent
financial management practices, and actively manage our portfolio
to crystallize hidden values within the Group.” says Osman Yılmaz,
Group CFO.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191114005383/en/
Ali Karakaya Turkcell Corporate Communications Manager
ali.karakaya@turkcell.com.tr
Bugra Kaya Turkcell Corporate Communications Expert
bugra.kaya@turkcell.com.tr
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