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Hayır (No)
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Hayır (No)
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2022 continue to be challenging while containing uncertainties. First half of the year has been robust in terms of consumer demand which may soften in the rest of the year with persistent inflationary pressures which may result in declining disposable income and purchasing power. Thanks to our timely pricing actions and effective use of risk mitigating tools, we had a quite strong first half from top to bottom where we were able to more than offset these inflationary pressures. While being cautious for the rest of the year, with the strong results delivered in the first half of the year, we make some improvements in our beer group outlook as a result of continued momentum achieved in our topline numbers and profitability margns. The improvement in beer group outlook is also reflected into Anadolu Efes outlook while soft drink guidance is reiterated as announced in January. As a result, Consolidated sales volume is expected to grow low-single digits (no change) Total Beer volume is expected to decline by mid-teens on a reported basis while excluding the impact of Ukraine, our volume decline expectation remains at mid-single digits. (no change) Consolidated Net Sales Revenue is expected to grow by mid-thirties on FX-Neutral basis (previously: low-thirties growth) Total Beer revenue is expected to grow by high-teens on FX-Neutral basis (previously: mid-teens growth) Consolidated EBITDA Margin is expected to stay flat (previously: decline around 100 bps) Total Beer EBITDA margn is expected to be flat to 100 bps expansion versus 2021 (previously: decline around 100 bps) Capex: As a percentage of sales high single digits on a consolidated basis (no change) Free Cash Flow generation will continue to be strong yet will be stronger than our initial expectations as a result of better operational profitability outlook. 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.
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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.