2019 4Q Financial Results have been announced. Please click for the description presentation
(WorldNews Turkey)

2019 - 9 Month Financial Results Quarter Highlights Top line growth of 7% Improvement in gross profitability Better raw material prices OPEX/Sales at 25.2% in 3Q19 Strong free cash flow* generationin 9M19 Flat NWC/Salesand leverage QoQ TRY8.2bn 11.0% RevenueEBITDA Margin* 28.3% 2.4x NWC/SalesRatioLeverage * Free Cash Flow calculated as Net Operating Cash Flow + CAPEX * IFRS 16 impact included Key Factors Sales/Margins Revenue Growth Gross Margin EBITDA Margin 2019 Q3 Performance Turkey MDA-6 Air-Conditioner TV Market Turkish MDA6 Market YoY Change 4% 7% -13% -6% -7% -8% -14% -20% -29% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 2019 MDA-6 and A/C data (sell-in) is based on WGMA for...