Financial Information

Summary Financials

(Amounts expressed in million Turkish Lira (“TRY”) unless otherwise indicated.)
  2015 2016 2017 2018 2019* 2020*
Net Sales 1,843 2,160 2,576 3,132 3,704 4,015
Adjusted EBITDA** 238 312 409 505 834 1.049
Adjusted EBITDA Margin** 12.9% 14.5% 15.9% 16.1% 22.5% 26.1%
Adjusted EBITDA*** 212 268 382 421 814 958
Adjusted EBITDA Margin*** 11.5% 12.4% 14.8% 13.5% 22.0%

23.9%

Net Profit (43) (49) (133) (104) 56 123
Net Profit Margin (2.3%) (2.3%) (5.2%) (3.3%) 1.5% 3.1%
             
Total Equity 322 265 105 576 238 349
Total Assets 2,302 2,435 2,721 3,239 3,914 4,572
Net Debt 1,207 1,259 1,381 1,243 2,066 2,117

*IFRS 16 adjustments are included in 2019 and 2020.

**Adj. EBITDA is based on Reported EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) adjusted for one-time (income) / expenses, net and non-cash GAAP provision expenses.

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