With regard to
EBITDA pre exceptionals, positive price and exchange-rate effects as well as cost synergies more than made up for the decrease in sales.
Based on this concept, the intrinsic EV/Ebitda multiple can be calculated by simply taking the free cash flow percentage of
Ebitda before it is divided by the risk factor.
That said,
EBITDA is a useful measurement to be utilized as a "snapshot" of business performance on a local and system-wide level for franchise brands.
Adjusted
EBITDA was $945 million, 8.7 per cent ahead of the same period last year mostly due to improved trading in the UAE and new services at London Gateway, while adjusted
EBITDA margin rose to 59.2 per cent.
Turkcell Turkey's revenues and
EBITDA up 21.7% and 38.5%, respectively with an
EBITDA margin expansion of 4.3pp to 35.6%; data and digital services revenues, comprising 67% of Turkcell Turkey revenues, up 94.2%.
"The board and executive management are content with our stable consolidated revenues and higher
EBITDA results given the many challenges we are dealing with in a number of our key markets of operation.
Earnings before interest, taxation, depreciation and amortisation (
Ebitda) is viewed all around the world as the key measure of a company's performance.