Growth in consolidated sales revenue in the quarter exceeded the increase in sales volume, reaching TL 967.7m, representing an increase of 21.1%. Net revenue per case increased by 4.8% primarily due to lower discounts and price increases in Turkey.
Gross profit margin was enhanced by 3.7 pp and reached 39.5% in the quarter, while EBIT surged by 54.4% and came in at TL 160.1m. Excluding net other operating items EBIT rose by 56.2% and totalled TL 164.2m.
Ebitda increased by 41.0% to TL 196.9m in the quarter, while excluding net other operating items Ebitda reached TL 200.9m, implying a growth of 42.5%. Excluding net other operating items Ebitda margin widened from 17.6% to 20.8%.
Third quarter net income increased to TL 156.7m, from TL 88.4m a year ago on the back of strong operational performance as well as non-cash foreign exchange gains from foreign currency denominated financial loans.
Source: Coca-Cola Içecek
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