March 5, 2020 / 6:40 AM / a month ago

BRIEF-Bim Magazalar Outlook For 2020

March 5 (Reuters) - BIM BIRLESIK MAGAZALAR:

* REPORTED ON WEDNESDAY EXPECTS EBITDA MARGIN AT AROUND 5% IN 2020

* 2020 EBITDA MARGIN TARGET DOES NOT REFLECT IFRS 16 – LEASE STANDARDS POSSIBLE EFFECTS. WITH IFRS 16 IMPACT, THE TARGETS CORRESPOND 7.5% (+-50 BPS)

* EXPECTS CAPITAL EXPENDITURES AT 1 BILLION LIRA IN 2020

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