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English
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oda_ForwardLookingEvaluationsAbstract|
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Evet (Yes)
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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27.02.2019
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Hayır (No)
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oda_ExplanationTextBlock|
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Following the first half performance, our Company revised down 2019 full year volume guidance, considering challenging market conditions in some of the international operations, primarily in Pakistan. On the other hand, guidance for net revenue growth and EBITDA margn is maintained, given positive price impact and strong growth in the Sparkling category in Turkey as well as our ongoing focus on cost saving initiatives. Accordingly, our Company's 2019 guidance is as follows; • Sales Volume: - Flat to slightly positive in Turkey (previously: flat) - 2%-4% growth in international operations (previously: 6%-8% growth) - 1%-3% growth on a consolidated basis (previously: 3%-5% growth) • Net revenue growth: - 16%-18% on a consolidated basis (FX-neutral1) (maintained) • EBITDA Margin: - Slight improvement on a consolidated basis (maintained) • Capex/Sales: - 7%-8% (on a comparable basis) (maintained) • Net debt/ EBITDA: - Lower than 1.5x (on an FX-neutral1 and organic basis) (maintained) The business outlook of the Company is subject to the risks which are stated in the annual report and financial reports. 1FX-neutral: Using constant FX rates when converting country financial statements to TL. We hereby declare that our above statements are in conformity with the principles included in the Capital Markets Board's Communiqué on Material Events, that they fully reflect the information we have acquired, that the information complies with our books, records and documents, that we have made our best effort to fully and accurately obtain all information regarding the matter and that we are responsible for this disclosure made hereby. This is an English translation of the original official public disclosure made by Coca-Cola İçecek in Turkish through the Public Disclosure Platform (www.kap.gov.tr), for information purposes only. In the event of any discrepancy between this translation and the original Turkish disclosure, the original Turkish disclosure shall prevail. Coca-Cola İçecek makes no warranties or representations about the accuracy or completeness of the English translation and assumes no liability for any errors, ommissions or inaccuracies that may arise from use of this translation.
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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.