Anadolu Efes now sees FY2026 Beer Group volumes down low single digits

• Anadolu Efes cut FY2026 Beer Group outlook: volumes seen down low-single digits, versus prior low-single digit growth.
• EBITDA margin now expected to fall about 150 bps under TAS 29, or about 100 bps excluding TAS 29.
• Guidance change followed a slower-than-expected Türkiye beer recovery; 2Q Türkiye beer volumes fell 12.5%, Beer Group volumes dropped 8% to 3,800,000 hl.
• Beer Group free cash flow still targeted at breakeven for the year; 2Q Beer Group free cash flow totaled TL 3.8 billion.
• Consolidated outlook maintained: mid-single digit volume growth, low-single digit revenue/hl growth under TAS 29, with EBITDA margin seen slightly lower.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Anadolu Efes Biracilik Ve Malt Sanayii AS published the original content used to generate this news brief on August 13, 2026, and is solely responsible for the information contained therein.