Earnings Report /
Turkey

Migros: 3Q21 review – impressive operating results

  • Migros realised TL156mn net income in 3Q21, higher than our estimate of TL77mn net income

  • Stronger than expected topline growth and EBITDA were the reasons behind impressive operating results

  • Migros remains one of our top picks

Migros: 3Q21 review – impressive operating results
Cemal Demirtas
Cemal Demirtas

Head of Research

ATA Invest
9 November 2021
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