Investor Presentaiton
TEKNO SA
31
Quarterly
OPEX
Breakdown
TEKNOSA
İÇ VE DIŞ TİCARET A.Ş
INVESTOR PRESENTATION
Despite TL depreciation, rent costs continued to remain flat YoY in TL terms
in 9M15 thanks to contract renegotiations held since mid-2014
➤ Personnel costs were up by 1% YoY in 9M15
Marketing expenses were up by 26% YoY in 9M15 due to the costs related to
web related digital marketing expenses &Teknosa Mobil
Shares of Major OPEX Items in Net Sales
18.5%
17.6%
16.5%
15.3%
18.4%
18.2%
17.2%
1.7%
2.0%
2.0%
2.4%
2.4%
1.5%
1.6%
6.1%
5.9%
5.8%
5.7%
5.4%
5.4%
4.8%
6.1%
5.3%
5.8%
5.5%
5.0%
4.6%
5.0%
1Q14
TL128mn
2Q14
TL125mn
Personnel Expenses / Sales
3Q14
TL128mn
4Q14
TL130mn
Rent / Sales
1Q15
TL123mn
2Q15
3Q15
TL132mn
TL140mn
OPEX/Sales
I Marketing Expenses / SalesView entire presentation