Turkey’s Turkcell has posted a 12% increase in group revenue to TRY10.507 billion (USD5.868 billion) in full-year 2012, up from TRY9.370 billion in 2011, and an 11% rise in EBITDA to TRY3.242 billion, up from TRY2.913 billion. Group EBITDA margin stood at 30.9% in 2012, down slightly from 2011’s 31.1% margin.
In Turkey, Turkcell registered mobile revenues of TRY8.724 billion in 2012, up 9% from TRY8.030 billion the previous year, mainly driven by a 6% increase in voice revenues to TRY6.442 billion (TRY6.086 billion), 44% growth in mobile broadband revenues to TRY1.040 billion (TRY724 million). Subscribers of Turkcell increased by 590,000 in 2012 to reach 35.1 million despite an ‘aggressive competitive environment.’ During the year Turkcell increased its post-paid subscriber base by 1.5 million to 13.2 million.
Revenues of Turkcell’s subsidiaries rose by 33% to TRY1.783 billion in 2012 (TRY1.340 billion in 2011) while their contribution to the top line climbed three percentage points to 17% in the year. EBITDA of subsidiaries improved by 33% to TRY532 million (TRY399 million), while their contribution to group EBITDA rose by two percentage points to 16%. In particular, domestic broadband operator Turkcell Superonline grew its annual revenues by 49% to TRY684 million (TRY460 million), while Ukrainian cellco Astelit’s revenues rose by 10% to USD405 million (USD369 million). On a year-on-year basis, Astelit recorded around a million net additions, increasing its three-month active mobile subscriber base to 8.0 million.
Group annual net income increased by 77% to TRY2.079 billion (TRY1.178 billion). Excluding one-off items, net income would have increased by 20% to TRY2.291 billion (TRY1.913 billion), the company noted.