Earnings Report /
Turkey

Pegasus: Better than expected results

  • Pegasus posted EUR65mn net loss in 2Q21 which is 33% less than our estimate of EUR98mn net loss

  • The company’s EBITDA was EUR14mn in 2Q21 versus our estimate of EUR5mn EBITDA

  • After 1Q20 results, PGSUS had withdrawn its 2020 guidance and no guidance is given for 2021E

Aytunc Uz
Aytunc Uz

Equity Research Analyst

ATA Invest
18 August 2021
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