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    Bystrova Evgeniya • Barclays

    Bystrova Evgeniya's questions to Turkcell Iletisim Hizmetleri AS (TKC) leadership

    Bystrova Evgeniya's questions to Turkcell Iletisim Hizmetleri AS (TKC) leadership • Q1 2025

    Question

    Bystrova Evgeniya from Barclays asked if Turkcell plans to update its full-year guidance after beating expectations in Q1 and requested clarification on the CPI assumption used for the initial guidance.

    Answer

    CFO Kamil Kalyon stated that despite a strong start, it is too early to revise guidance due to macroeconomic uncertainties. He confirmed the original year-end CPI assumption for the budget was 30.5%, but the company's internal forecast has since been revised to 35%.

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    Bystrova Evgeniya's questions to Turkcell Iletisim Hizmetleri AS (TKC) leadership • Q1 2025

    Question

    Bystrova Evgeniya of Barclays asked why Turkcell was not updating its full-year guidance, given that Q1 results for revenue growth and EBITDA margin appeared to beat expectations. She also requested clarification on the CPI assumption used for the 2025 guidance.

    Answer

    CFO Kamil Kalyon responded that while the company had a strong start to the year, it is too early to revise guidance due to significant domestic and international macroeconomic uncertainties. He confirmed they are currently sticking to the guidance announced at the start of the year. He also noted that their internal year-end CPI expectation, originally 30.5% for the budget, has now been revised to 35%.

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