EBITDA, on the other hand, increased by 45.1 percent on a Group basis in the second quarter to reach TL 5.0 billion. Maintaining its strong operational performance, Turkcell reached 579 thousand new customers in the second quarter of the year, gaining 1.2 million new customers in the first half. In this way, Turkcell managed to exceed the target of ‘1 million new customers every year’, which it started in 2019, in the first 6 months, as in 2021. Continuing its fiber investments without slowing down, Turkcell increased its total fiber household access to 5 million with 284 thousand new households. Turkcell, which makes high speeds of 1000 Mbps accessible to everyone thanks to its strong infrastructure, has reached 2 million fiber customers.
Digital services, one of its strategic focus areas, continues its strong growth: Turkcell’s Digital OTT service revenues, which include important brands such as TV+, Lifebox and fizy, grew by 56% year on year. The number of paid users of digital services increased by 1.1 million to reach 4.5 million. The paid users of Lifebox, a cloud storage product that stands out with its smart technologies, grew by 51 percent and reached 1.6 million. On the TV+ side, which stands out with its rich content, the number of OTT TV subscribers increased by 24 percent to 879 thousand.
Pioneer in digital transformation: Turkcell Digital Business Services, one of the leading actors in Turkey’s digitalization, increased its revenue by 85 percent on an annual basis, reaching 1.1 billion TL. Digital Business Services, which has signed 840 new projects this quarter, also has a contract value of 1.7 billion TL, which will turn into revenue after the second quarter of 2022. Turkcell opened an additional 1,000 square meters of new space in the Gebze data center due to the high demand it faces in the fields of digitalization and cloud storage services.
Payment services platform: Having reached 7 million users, Paycell’s total transaction volume tripled on an annual basis to reach 8 billion TL. Paycell increased its revenues by 77.5 percent in the second quarter of the year compared to the same period of the previous year, to TL 199 million. The transaction volume through Paycell Card reached 6 times that of the previous year, while the total POS solutions transaction volume increased by 39 percent quarter-on-quarter to 2.9 billion TL.
Turkcell updated its year-end expectations after the 2nd quarter: Turkcell revised its 2022 expectations upwards, taking into account the successful half-year results and expectations for the rest of the year. In this context, consolidated revenue growth is expected to be over 40 percent and EBITDA is expected to be around 20 billion TL; The ratio of operational investment expenditures to income is expected to be in the range of 20-21%, in line with the expectation set at the beginning of the year.
Reinforcing its leadership in the sector with its effective growth performance and customer acquisition focus, Turkcell concluded the second quarter of 2022 with successful financial and operational results. Accelerating its sustainable growth in the second quarter of 2022, Turkcell Group; On a consolidated basis, it increased its total revenues to 12.5 billion TL, an increase of 46.0 percent compared to the second quarter of the previous year. The company’s EBITDA increased by 45.1 percent to TL 5.0 billion. Turkcell’s net profit in the second quarter of 2022 increased by 67.0 percent and reached TL 1.9 billion. Continuing its strong customer acquisition in the second quarter of 2022, Turkcell reached a total of 1.2 million new customers as of the end of June, with 579 thousand new customers added in this quarter, exceeding its target of “1 million new customers every year” in the first 6 months.
In his assessment, Turkcell General Manager Murat Erkan said, “Inflationary pressure, increasing recession risk and the effects of the war in our region, which made itself felt strongly in the global conjuncture in the second quarter of the year, were effective in the companies’ review of their new period strategies and their policies to manage their increasing costs. Despite such a challenging and uncertain period, we continue to offer a wide range of digital services that meet the needs of our customers and increase their satisfaction. As a result of this approach, we managed to exceed our target of ‘1 million new customers every year’ that we started in 2019 in the first six months of the year. Thanks to our innovative technology and strong brand ecosystem, our motivation to develop solutions that add value to life for our country and our customers has an important role in this successful picture.”
Digital services continue strong growth
The revenues of Turkcell Digital OTT services, which include important brands such as TV+, Lifebox, fizy and BiP, grew by 56% year on year. The number of paid users of digital services increased by 1.1 million to reach 4.5 million. Lifebox, the cloud storage product that stands out with its smart technologies, grew by 51 percent and reached 1.6 million users. On the TV+ side, which stands out with its rich content, the number of OTT TV subscribers increased by 24 percent to 879 thousand. IP TV customers, on the other hand, grew by 23 percent to 1.2 million. Continuing to strengthen its cooperation with Turkey’s leading e-commerce platforms, BiP has 23.4 million active customer users for 3 months. Turkcell has also introduced its new package called “Business Suite”, which will fully meet the needs of its corporate customers for cloud, corporate e-mail and video conferencing solutions.
Turkcell Digital Business Services continues to digitize Turkey at full speed
Turkcell Digital Business Services increased its revenue by 85 percent on an annual basis, reaching TL 1.1 billion. Digital Business Services, which has signed 840 new projects this quarter, has a contract value of 1.7 billion TL, which will turn into revenue after the second quarter of 2022. Turkcell opened an additional 1,000 square meters of new space in the Gebze data center due to the high demand it faces in the fields of digitalization and cloud storage services.
Paycell accelerates its growth by increasing its innovative services
Pointing out that Paycell, which was developed by Turkcell in the process of widespread use of digital payment systems, is one of the most important initiatives in the field of techfin in our country, and that it is an innovative payment services platform that offers solutions to its customers in different fields, General Manager Murat Erkan continued his words on this subject as follows:
“The number of users in Paycell, which enables the digitalization of payment habits, reached 7 million and our revenues grew by 77.5 percent to 199 million TL. Transaction volume through all Paycell services tripled on an annual basis, reaching 8 billion TL. Total POS solutions transaction volume increased by 39 percent quarter-on-quarter to TL 2.9 billion. We believe that Paycell will maintain its strong momentum in the coming period, thanks to our country’s economic potential and its highly digitally literate population.”
Turkcell raises target after strong first six-month performance
As a result of the strong operational and financial performance in the first 6 months, Turkcell revised its year-end targets for 2022 upwards. In this direction, revenue growth of more than 40 percent and EBITDA at the level of approximately 20 billion TL is expected for the end of 2022, while the ratio of operational investments to revenues is expected to be in the range of 20-21%, in line with the previous expectation. Turkcell General Manager Murat Erkan concluded his words as follows:
“Thanks to the correct planning and our strategic focus areas, we have successfully spent the first half of this year by providing uninterrupted and high quality service to our customers, despite the epidemic conditions. By maintaining this correct game plan, we will continue to grow in line with the year-end targets set with our solutions that appeal to the hearts and minds of our customers. I believe that we will maintain our strong performance by providing the highest quality services to our customers in the field of communication technologies and pioneering the digital transformation of our country in the coming quarters as well as in this challenging period.”
Turkcell takes concrete steps towards its sustainability goals
In line with its goal of creating sustainable value, Turkcell took important steps in environmental, social and governance measurement in the first half of the year. Reducing resource consumption and greenhouse gas emissions stand out as the company’s most important focus areas on the environmental side. Turkcell has collected 4 tons of electronic waste since the beginning of the year within the scope of the ‘Convert to Education’ project, ensuring the efficient use of resources by recycling; With the various energy efficiency projects it has realized, it has saved 56 GWh in total as of the first half of 2022. Turkcell launched the ‘T.Life’ platform in order to support the experience of its employees on the social sustainability side with entertaining and comprehensive content. With the “Step into the Future” project on the platform, employees will donate a sapling to the Turkcell forest that will be created on August 30 Victory Day for every 30 thousand steps they take.
Turkcell continued to take important steps to empower women in business life and to increase the employment of ‘female engineers’ in Turkey. He supported the implementation of 5 innovative ideas that emerged at the Women Who Write the Future Climate Ideas Marathon held in February 2022. In addition, it has made progress in line with the targets it has set to increase the number of female employees and female managers within the company. Initiating the sustainability transformation in its supply chain, Turkcell offered its sustainability training to all Turkcell store employees as well as its suppliers.
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