Earnings Report /
Turkey

BIM: Better than expected results for 9M21

  • Bim recorded TL884mn net income, beating both our estimate of TL701mn and consensus estimate of TL745mn

  • 9M21 results support the company’s 2021E topline growth guidance of 20-25% and EBITDA margin guidance of 8.0% (+-0.5pt)

  • We continue to keep  BIMAS in our top picks list

Cemal Demirtas
Cemal Demirtas

Head of Research

ATA Invest
9 November 2021
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