Q1 2025 Anadolu Efes Biracilik ve Malt Sanayii AS Earnings Call Transcript
Ladies and gentlemen, welcome to Anadolu Efes' first-quarter 202 financial results conference call and webcast. I'm Asli Demirel, and I'm the Investor Relations and Risk Management Director of Anadolu Efes. Our presenters today are CEO, Mr. Onur Alturk; and our CFO, Mr. Gokce Yanasmayan. (Operator Instructions)
Unless explicitly stated otherwise, all financial information disclosed in this presentation are presented in accordance with TAS 29. There has been changes in the scope of consolidation in our first quarter 2025 financial statements. As known, on December 30, 2024, it was announced that pursuant to the presidential decree of the Russian operation -- Russian Federation, temporary external management had been appointed to Anadolu Efes' beer operations in Russia. Based on the evaluations, although the Russian operations formally remained under Anadolu Efes as of January 1, it was excluded from the scope of consolidation in the financial statements in accordance with TFRS 10.
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