coca cola icecek-spon adr (COCAL) Key Developments
Coca-Cola Icecek A.S. Proposes Amendments to its Articles of Association
Mar 20 15
Coca-Cola Icecek A.S. at the Ordinary General Assembly meeting to be held on April 14, 2015, proposed amendment to article 8 with the heading 'Board of Directors' of the CCI Articles of Association, which is subject to the approval of the Capital Markets Board and Ministry of Custom and Trade and authorization of the Board of Directors pertaining to the finalization of the amendment and registration of the Articles of Association.
Coca-Cola Icecek A.S., Board Meeting, Mar 20, 2015
Mar 20 15
Coca-Cola Icecek A.S., Board Meeting, Mar 20, 2015. Agenda: To consider upon convening of Ordinary General Assembly meeting.
Coca-Cola Icecek Reports Audited Consolidated Earnings Results for the Fourth Quarter and Audited Consolidated Earnings Results for the Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015
Mar 5 15
Coca-Cola Icecek reported audited consolidated earnings results for the fourth quarter and audited consolidated earnings results for the full year ended December 31, 2014. For the quarter, the company reported of revenue of TRY 1,083 million compared to TRY 1,003 million for the same period a year ago. Loss from operations was TRY 8 million compared to profit of TRY 24 million last year. Loss before tax was TRY 48 million compared to TRY 47 million last year. Net loss after minority interest was TRY 37 million compared to TRY 49 million last year. EBITDA was TRY 71 million compared to TRY 105 million last year.
For the year, the company reported revenue of TRY 5,985 million compared to TRY 5,186 million for the same period a year ago. Profit from operations was TRY 629 million compared to TRY 594 million last year. Profit before tax was TRY 433 million compared to TRY 574 million last year. Net income after minority interest was TRY 315 million compared to TRY 489 million last year. EBITDA was TRY 962 million compared to TRY 892 million last year. Free cash inflow was TRY 10 million against free cash outflow of TRY 44 million a year ago. Net cash provided by operating activities was TRY 748 million compared to TRY 660 million a year ago. Purchase of property, plant & equipment was TRY 738 million compared to TRY 704 million a year ago. Net debt as of December 31, 2014 was USD 812 million versus USD 753 million as of December 31, 2013.
In 2015, the company expects Turkey volume to grow at low single digits, while expect international operations to grow at low-teens, and consequently consolidated volume to grow at high single digits. The company expects net sales revenue growth to be ahead of volume growth and EBITDA growth to be ahead of revenue growth. Turkey revenues are expected be positively impacted by price increases and favorable mix. In International operations, product prices are expected to be adjusted to mitigate the effect of currency devaluations while taking affordability into account.
Coca-Cola Icecek A.S. Presents at JPMorgan Global Emerging Markets Corporate Conference, Feb-23-2015
Feb 24 15
Coca-Cola Icecek A.S. Presents at JPMorgan Global Emerging Markets Corporate Conference, Feb-23-2015 . Venue: RitzCarlton, Miami Beach, Florida, United States.
Coca-Cola Icecek A.S. Presents at The Consumer Analyst Group of Europe (CAGE) Conference, Mar-17-2015 02:15 PM
Feb 20 15
Coca-Cola Icecek A.S. Presents at The Consumer Analyst Group of Europe (CAGE) Conference, Mar-17-2015 02:15 PM. Venue: Hilton London Metropole, 225 Edgware Road, London W2 1JU, United Kingdom. Speakers: Burak Basarir, Chief Executive Officer and Director, Damian Paul Gammell, Director, Chief Executive Officer of Anadolu Efes and Group President of Anadolu Efes & CCI, Deniz Can Yücel, Head of Investor Relations, Nusret Orhun Köstem, Chief Financial Officer.