Söke Un (SOKE) has announced its financial results for the first half of 2024. The reported figures have garnered the attention of investors.
SOKE Stock Predictions and Realizations
In a statement made to the Public Disclosure Platform (KAP), the company shared its estimated and realized financial data for the first half of 2024. The predictions included in the Price Determination report, which was published on KAP on December 23, 2022, were based on the 9-month data from 2022 and were divided by two without considering seasonal effects to calculate figures for the first half of 2024.
Net Sales Close to Expectations
SOKE’s net sales in the first half of 2024 reached 2.2 billion TL, which is quite close to the estimated net sales of 2.3 billion TL. However, a different picture emerged on the EBITDA front. The estimated EBITDA of 230.8 million TL fell short at 126.5 million TL, below expectations. According to the methods used in the price determination report, the company achieved 95% of the estimated ratio in net sales, while it only reached 55% in EBITDA.
Company officials noted that the increase in overall price levels has exerted pressure on operating expenses, which in turn affected EBITDA. The performance of SOKE shares in the upcoming period remains a topic of interest.
Source
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
