TTKOM is due to release its 2Q09 results after the close on Monday, the 20th. Consensus calls for a 3.9% y/y revenue growth to TRY 2.7bn, and 1.3% y/y EBITDA growth to TRY 1.1bn. This is in contrast to consensus expectation for an EBITDA contraction at Turkcell. Investors will be looking for continued growth in broadband subscriptions, and a stable broadband ARPU. More importantly, the market will be looking for confirmation that Avea is maintaining its market share lead of mobile net adds.
2Q08A 2Q09F y/y change
Revenues 2,554 2,653 3.9%
EBITDA 1,101 1,115 1.3%
Net Profit 627 635 1.3%