Turkcell maintains strong financial performance in Q2

19 Aug 2022

Turkish telecoms group Turkcell has reported a continuation of strong financial performance trends in the second quarter of 2022, with group revenues leaping 46.0% year-on-year to TRY12.477 billion (USD692 million) driven by accelerated ARPU and strong subscription net additions at its core Turkish division, supported by the contribution of overseas operations and its ‘techfin’ business. Consolidated EBITDA rose 45.1% y-o-y to TRY5.030 billion in the three months ending 30 June 2022, giving an EBITDA margin of 40.3% (comparable to 40.5% a year earlier) and quarterly operating profit (EBIT) climbed 48.0% y-o-y to TRY2.550 billion (an EBIT margin of 20.4%, compared to 20.2% in 2Q21). Net income in 2Q22 improved by 67.0% y-o-y to TRY1.858 billion.

In Turkey, Turkcell’s post-paid mobile subscriptions excluding M2M reached 20.9 million at end-June 2022, up from 19.9 million twelve months before, while the pre-paid total stood at 12.1 million (up from 11.7 million). Turkish fibre broadband subscriptions climbed to 1.996 million at mid-2022, up from 1.754 million in the same period of 2021, while ADSL subscriptions also grew, from 726,000 to 741,000. The operator also reported deploying 284,000 new fibre homepasses in 2Q22.

Turkey, Turkcell, Turkcell Superonline