Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Q3 2021 Earnings Conference Call November 4, 2021 1:00 PM ET
Company Participants
Ali Serdar Yagci – Investor Relations and Corporate Finance Director
Murat Erkan – Chief Executive Officer
Osman Yilmaz – Chief Financial Officer
Conference Call Participants
Jonathan Kennedy-Good – JPMorgan
Ivan Kim – Xtellus Capital
Ondrej Cabejsek – UBS
Nora Nagy – Erste Group
Kayahan Demirak – AK Investment
Operator
Ladies and gentlemen, thank you for standing by. I'm Konstantinos, your Chorus Call operator. Welcome, and thank you for joining the Turkcell's conference call and live webcast to present and discuss the Turkcell Third Quarter 2021 Financial Results Conference Call. At this time, I would like to turn the conference over to Mr. Ali Serdar Yagci, Investor Relations and Corporate Finance Director. Mr. Yagci, you may now proceed.
Ali Serdar Yagci
Thank you, Konstantinos. Hello, everyone. Welcome to Turkcell's third quarter financial and operational results call. Today's speakers are our CEO, Mr. Murat Erkan; and our CFO, Mr. Osman Yilmaz. They will be delivering a brief presentation, and afterwards, will be taking your questions.
Before we start, I'd like to kindly remind you to review the last page of this presentation for our safe harbor statement.
Now I hand over to Mr. Erkan.
Murat Erkan
Thank you, Serdar. Good morning, and good afternoon to all. Welcome to our presentation, and thank you for joining us.
In the third quarter, we recorded 22.3% revenue growth, and our EBITDA reached TRY4 billion for the first time, implying an EBITDA margin of 43.1%. Growing 18% year-on-year, we recorded a net income of TRY1.4 billion, an all-time high quarterly figure. Net income settled above TRY1 billion run rate per quarter.
Our customer-centric strategy, diversified business model and focus on mobile and fixed network quality are the key factors
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