Turkey: Anadolu Efes Malt reports significant revenue miss in Q4 2024

Anadolu Efes Malt, a leading beverage company with a market capitalization of $2.83 billion, reported its financial results for the fourth quarter of 2024, revealing a significant revenue miss.

The company generated 50.9 billion USD in revenue, falling short of the forecasted 57.04 billion USD.

Following the announcement, the company’s stock price decreased by 1.02%, closing at 176.2 USD.

Key Takeaways
• Anadolu Efes reported a revenue shortfall of approximately 6.14 billion USD.
• The beer group sales revenue rose by 12.3%, reaching 17.9 billion Turkish lira.
• Gross profit margin improved by 107 basis points to 45.9%.
• The company faces challenges in its international soft drinks segment, with notable declines in Pakistan and Uzbekistan.
• Ongoing uncertainties in the Russian market, which contributes significantly to revenues.

Anadolu Efes demonstrated resilience in its beer segment, with sales revenue increasing by 12.3% to 17.9 billion Turkish lira. The company’s gross profit margin also saw an improvement, expanding by 107 basis points to 45.9%. However, the overall performance was overshadowed by a substantial revenue miss, highlighting potential operational or market challenges.

Financial Highlights
• Revenue: 50.9 billion USD, missing the forecast of 57.04 billion USD.
• Beer group sales revenue: 17.9 billion Turkish lira, a 12.3% increase.
• Gross profit margin: 45.9%, up by 107 basis points.
• EBITDA: 14.2 billion Turkish lira with a 15.4% margin.

InvestingPro analysis shows the company maintains a strong financial health score of 3.21 (rated as "GREAT"), suggesting resilient fundamentals despite the revenue shortfall.

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