Turkey · Delayed Price · Currency is TRY Teknosa Iç ve Dis Ticaret Anonim Sirketi Earnings Call Transcripts
Fiscal Year 2026
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Revenue fell 1.5% in real terms YoY but outperformed the panel market, with online growth and improving Q3 margins. High financing costs and weaker 9M EBITDA continued to weigh on the net loss.
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Despite high interest rates and inflation, revenues held steady and like-for-like sales grew 6% year-over-year, with e-commerce and marketplace channels driving performance. Operational efficiency improved margins, but high financial costs led to a TRY 1.5 billion net loss.
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Q1 2026 saw 3% real revenue growth and improved EBITDA, driven by e-commerce and cost discipline, despite ongoing macroeconomic and competitive pressures. Net loss narrowed year-over-year, with further efficiency gains and margin recovery expected in the second half.
Fiscal Year 2025
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Macroeconomic challenges led to a year-over-year revenue decline, but operational profitability improved with a higher EBITDA margin and strong online growth. Net loss narrowed despite one-off costs, and digital transformation remains a strategic focus.
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Q3 saw revenue decline year-over-year due to market contraction and store closures, but gross and EBITDA margins improved through cost discipline and strategic initiatives. Net loss narrowed significantly, and digital transformation and AI projects are driving operational efficiency.
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Revenues remained flat year-over-year amid macroeconomic headwinds, but gross and EBITDA margins improved significantly due to cost discipline and operational efficiencies. Strategic investments in digitalization and AI, along with store optimization, are expected to drive future growth.
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Revenue fell 18% year-over-year in Q1 2025 amid weak demand, but gross and EBITDA margins improved due to disciplined cost management and digital initiatives. Net working capital and financial ratios strengthened, while all market categories contracted.