Financial Information

Summary Financials

Amounts expressed in million Turkish Lira (“TRY”) unless otherwise indicated.)
  2015 2016 2017 2018 2019*
Net Sales 1,843 2,160 2,576 3,132 3,704
Adjusted EBITDA** 213 268 382 421 560
Adjusted EBITDA Margin** 11.5% 12.4% 14.8% 13.5% 15.1%
Adjusted EBITDA*** 238 312 409 505 579
Adjusted EBITDA Margin*** 12.9% 14.5% 15.9% 16.1% 15.6%
Net Profit (43) (49) (133) (104) 18
Net Profit Margin (2.3%) (2.3%) (5.2%) (3.3%) 0.5%
           
Total Equity 322 265 105 576 532
Total Assets 2,302 2,435 2,721 3,239 3,606
Net Debt 1,210 1,259 1,381 1,243 1,465

* 2019 figures are presented without TFRS 16 effect be comparable to 2018.

**Adjusted (excluding FX effect of other income/expenses from operating activities)

***Based on Reported EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) /EBITDAR (Earnings Before Interest, Taxes, Depreciation, Amortization and Rent Expenses) adjusted for one-time (income) / expenses, net and non-cash GAAP provision expenses