Anadolu Efes Biracilik ve Malt Sanayi AS (IST:AEFES)
₺ 15.57 -0.22 (-1.39%) Market Cap: 92.19 Bil Enterprise Value: 252.11 Bil PE Ratio: 8.55 PB Ratio: 1.05 GF Score: 81/100
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Q3 2024 Anadolu Efes Biracilik ve Malt Sanayii AS Earnings Call Transcript

Nov 6, 2024 / 10:59 AM GMT
Release Date Price: ₺19.54 (+9.96%)

Key Points

Positve
  • Anadolu Efes Biracilik ve Malt Sanayi AS (IST:AEFES) achieved six consecutive quarters of growth, with a solid mid-single-digit expansion in Q3 2024.
  • The company maintained a strong consolidated net debt to EBITDA ratio of 0.6 times, indicating a robust financial position.
  • International beer volumes saw impressive growth of 7.5%, driven by strong performance in Russia, Georgia, and Moldova.
  • The beer group's consolidated revenue increased by 27.4% year-over-year, with international beer operations growing by 40%.
  • Effective revenue growth strategies helped offset cost increases, resulting in strong gross profitability despite volume contractions.
Negative
  • Consolidated volumes declined due to weakened purchasing power and geopolitical uncertainties impacting overall demand.
  • Operational expenses increased, leading to a slight dilution in the EBITDA margin.
  • Soft drink operations faced challenges, with consolidated volumes declining by 9.2%, primarily in Turkey and Pakistan.
  • The beer group's EBITDA margin contracted due to higher spending in trade marketing and weaker gross profitability.
  • The company revised its guidance downward for soft drink operations due to macroeconomic challenges and geopolitical issues.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AEFES.IS - Anadolu Efes Biracilik ve Malt Sanayii AS
Q3 2024 Anadolu Efes Biracilik ve Malt Sanayii AS Earnings Call
Nov 06, 2024 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, welcome to another thesis nine M 2024 financial results conference call and webcast. Our presenters today, Mr Oal, the CEO and Mr Ash Mayan. The CFO all participants will be in a listen-only mode during the first call. The first part of the call following this, there will be a Q&A session where you can submit your questions using the question box on your web screen. If you have questions, we kindly ask you to write down your questions before the Q&A session begins. This will allow us to review and address them. Thank you unless explicitly stated otherwise, all financial information disclosed in this presentation are presented in accordance with EAS 29. Just to remind
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