Turkcell Iletisim Hizmetleri Updates 2024 Guidance, Now Expects Low-Double-Digit Revenue Growth (Prior High Single Digit Growth); Maintained EBITDA Margin Target Of Around 42%

We revise our guidance upwards

Considering our first quarter performance, we revise our guidance6 upwards. We expect low-double-digit growth of Group revenues in real terms in 2024. We maintain our EBITDA margin expectation of approximately 42% and our operational capex to sales ratio7 target of around 23%.