Turkcell Iletisim Hizmetleri Updates 2024 Guidance, Now Expects Low-Double-Digit Revenue Growth (Prior High Single Digit Growth); Maintained EBITDA Margin Target Of Around 42%
Portfolio Pulse from Benzinga Newsdesk
Turkcell Iletisim Hizmetleri has updated its 2024 guidance, now expecting low-double-digit revenue growth, up from prior high single-digit growth. The company maintains its EBITDA margin target of around 42% and operational capex to sales ratio target of around 23%.
May 28, 2024 | 7:59 am
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Turkcell Iletisim Hizmetleri has revised its 2024 guidance upwards, now expecting low-double-digit revenue growth, while maintaining its EBITDA margin target of around 42%.
The upward revision in revenue growth guidance indicates a positive outlook for Turkcell's financial performance in 2024. Maintaining the EBITDA margin target suggests stable profitability. This is likely to have a positive short-term impact on TKC's stock price.
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