We have incorporated the better-than-expected FY24 results into our model, with the EBITDA exceeding our forecasts, mainly due to higher-than-anticipated volumes. This positive volume trend bodes well for future results, as the company's EBITDA guidance for 2025 is also ahead of our forecasts. We believe Turkey’s strong volume momentum could support growth in the coming years, although the key challenge remains the depreciation of the Turkish lira, which should gradually ease over time.
