coca cola icecek-spon adr (COCAL) Key Developments
Coca-Cola Icecek A.S. Reports Consolidated Earnings Results for the First Quarter Ended March 2014
May 9 14
Coca-Cola Icecek A.S. reported consolidated earnings results for the first quarter ended March 2014. For the period, the company reported net profit dropped to TRY 21.6 million ($10.4 million/€7.5 million) from TRY 274.8 million a year ago. Net results includes income stemming from the full consolidation of the company's Pakistani unit. Operating profit increased 11% year-on-year to TRY 67 million in the first quarter while earnings before interest, taxes, depreciation and amortization (EBITDA) went up by 16% to TRY 151 million. Revenue rose 25% to TRY 1.15 billion in the three months through March. Sales volume grew by 13% on the year to 224 million unit cases, including a 7.0% rise in sales volume in Turkey and a 21% increase in international operations sales volume.
Coca-Cola Icecek A.S. Presents at FT Turkey Summit 2014, May-07-2014 02:30 PM
May 4 14
Coca-Cola Icecek A.S. Presents at FT Turkey Summit 2014, May-07-2014 02:30 PM. Venue: Istanbul, Turkey. Speakers: Galya Frayman Molinas, President, Caucasus and Central Asia.
Coca-Cola Icecek A.S., Annual General Meeting, Apr 15, 2014
Mar 21 14
Coca-Cola Icecek A.S., Annual General Meeting, Apr 15, 2014., at 11:00 E. Europe Standard Time. Location: Esenkent Mahallesi.
Coca-Cola Icecek A.S. Announces Consolidated Operating Results for the Year 2013
Mar 10 14
Coca-Cola Icecek A.S. announced consolidated operating results for the year 2013. The consolidated sales volume rose 38.0% to 1.058 million unit cases for the year 2013.
Coca-Cola Icecek Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Audited Consolidated Earnings Results for the Full Year Ended December 31, 2013; Provides Earnings Guidance for the Year 2014
Mar 9 14
Coca-Cola Icecek reported unaudited consolidated earnings results for the fourth quarter and audited consolidated earnings results for the full year ended December 31, 2013. For the quarter, the company reported of revenue of TRY 1,002.6 million compared to TRY 903.2 million for the same period a year ago. Profit from operations was TRY 24.2 million compared to TRY 14.6 million last year. Profit before financial income was TRY 21.9 million compared to TRY 15.4 million last year. Loss before tax was TRY 47.3 million compared to profit before tax of TRY 4.8 million last year. Net loss after minority interest was TRY 49.4 million compared to net income interest after minority of TRY 1.3 million last year. EBITDA was TRY 105.3 million compared to TRY 81.5 million last year.
For the year, the company reported revenue of TRY 5,186.4 million compared to TRY 4,448.7 million for the same period a year ago. Profit from operations was TRY 594.0 million compared to TRY 485.6 million last year. Profit before financial income was TRY 831.0 million compared to TRY 486.9 million last year. Profit before tax was TRY 574.0 million compared to TRY 482.1 million last year. Net income after minority interest was TRY 488.8 million compared to TRY 380.2 million last year. EBITDA was TRY 892.1 million compared to TRY 730.2 million last year. Free cash outflow was TRY 44 million against free cash flow of TRY 117 million a year ago. Net debt as of December 31, 2013 was USD 753 million versus USD 681 million as of December 31, 2012. Capital expenditures were TRY 704 million against TRY 646 million a year ago.
For 2014, the company expects low single digit and mid-teens volume growth in Turkey and international operations, respectively. The company’s consolidated sales revenue growth is expected to exceed the volume growth. Although, the company expects to maintain a flat EBITDA margin against 2013 given the current uncertain environment, the company is confident that it will continue delivering in line with its unsurpassed track record.