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Evet (Yes)
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Hayır (No)
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23.02.2022
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Hayır (No)
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As we have stated in our FY2022 guidance, 2022 has started at least as tough as last year, if not more. The year began with some social unrest in Kazakhstan. Subsequently, the tension between Russia and Ukraine has escalated and following the military operations of Russia in Ukraine, on February 24th, we have suspended our production in Ukraine. These unfortunate events have put further pressure on the already challenging macro-environment. On the other hand, the strong results that we achieved in 1Q gives us the confidence for the year ahead. Ongoing geopolitical tensions, existing risks around supply chains, high inflationary environment across all operations, unpredictable commodity price movements and currency volatilities necessitate us to take further price adjustments; which may result in lower disposable income and therefore may result in deceleration in consumer spending and beer consumption. As 2022 continues to unfold, uncertainties ahead of us remain unprecedented. However, we decided to keep our guidance intact except for volumes, given the solid results we achieved in 1Q. Incorporating the impact of Ukraine, we now expect our beer volumes to decline by mid-teens on a reported basis while excluding the impact of Ukraine, our volume decline expectation remains at mid-single digits. On Anadolu Efes consolidated basis, we expect our volumes to increase by low-single digits. Despite lost volumes from Ukraine, our revenue and EBITDA margn guidance stay the same, as a result of higher price adjustments than previously planned. 2022 outlook reflects management expectations and is based upon currently available data. Actual results are subject to future events and uncertainties including but not limited to macro-economic, financial, geopolitical and political risks, which could materially impact the Company's actual performance. |
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.