Turkcell EBITDA margin climbs to 41.3% in Q3

25 Oct 2018

Turkish telecoms group Turkcell reports that its consolidated turnover rose by 26.1% year-on-year in the quarter ended 30 September 2018 to TRY5.8 billion (USD1.0 billion), with three-month EBITDA reaching TRY2.4 billion on 46.6% y-o-y growth, giving an EBITDA margin of 41.3% (up from 35.5% in 3Q17). Net Income in July-September 2018 was TRY601 million, compared to TRY241 million in the year-ago quarter. Turkcell attributed its impressive financial performance to factors including: record-high mobile ARPU growth of 18% ‘on the back of successful execution of digital services-focused strategy and upsell performance’; strong customer loyalty reflected by mobile churn rate of 2.2%; a mobile triple-play services subscriber ratio of 63.9%, up 13.5 percentage points y-o-y; a multi-play-with-TV subscriber ratio at 47.5%, up 5.2pp y-o-y; galloping data usage of 4G LTE users – reaching a monthly average of 7.0GB per user in Q318; and volume increase in LTE-capable smartphones on its network – up half a million quarter-on-quarter to 18.2 million at end-September.

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