Petkim: Higher income from asset revaluation led to higher than expected net income

  • Petkim posted TL1,495mn net income in 3Q22, higher than our estimate of TL708mn and consensus estimate of TL1,006mn.

  • The company posted TL687mn EBITDA in 3Q22, lower than our estimate of TL819mn

  • The company’s EBITDA/ton declined to US$56 in 3Q22 (ATA Est: US$70) from US$120 in 2Q22.

November 8th, 2022
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ATA Holding is a third-generation family-owned conglomerate, primarily active in financial services, food & retail, technology and rea estate. ATA Group consists of more than 20 companies, with a total consolidated sales figure exceeding US$2.0bn.


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