COCA-COLA IÇECEK ANONIM SIRKETI CCI expects Turkey volume to grow at low single digits, international operations' volume to grow at high-single digits and consequently consolidated volume to grow at mid-single digits in 2017.
Net sales revenue growth is expected to be ahead of volume growth, while EBITDA margin is expected to remain flat or expand slightly compared to 2016.
In addition, we expect Net Debt / EBITDA to be below 2x and capex/sales ratio to be around 8%. We plan to complete 2017 with positive free cash flow.
The business outlook of the Company is subject to the risks which are stated in the annual report and financial reports.
Company ProfileCompany Profile CCI is the fifth-largest bottler in the Coca-Cola System in terms of sales volume. CCI produces, distributes and sells sparkling and still beverages of The Coca-Cola Company (TCCC) across Turkey, Pakistan, Kazakhstan, Azerbaijan, Kyrgyzstan, Turkmenistan, Jordan, Iraq, Syria and Tajikistan.
CCI employs close to 10,000 people and has a total of 24 plants, offering a wide range of beverages to a consumer base of 380 million people. In addition to sparkling beverages, the product portfolio includes juices, waters, sports and energy drinks, teas and iced teas.
CCI's shares are traded on Borsa Istanbul (BIST) under "CCOLA.IS", American depositary receipts (ADR) are traded over the counter in the United States under "COLAY", Eurobond is traded on Irish Stock Exchange under "CCOLAT" tickers.
ContactsMichael Coombs Chief Financial Officer Tel: +90 216 528 4410 michael.coombs@cci.com.tr | Deniz Can Yücel Investor Relations Manager Tel: +90 216 528 3386 deniz.yucel@cci.com.tr |
Coca-Cola Içecek AS published this content on 01 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 March 2017 18:33:18 UTC.
Original documenthttp://www.cci.com.tr/UserFiles/2017_Guidance.pdf
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