Earnings Report /
Turkey

Aselsan: Higher-than-expected 2Q21 results

  • Aselsan reported TL1,305mn net income in 2Q21, higher than our estimate of TL1,107mn

  • Higher-than-expected EBIT was the main reason behind the stronger-than-expected net income in 2Q21

  • The company posted TL1,140mn EBITDA in 2Q21, higher than our estimate of TL904mn and consensus estimate of TL885mn.

Zeynep Erman
Zeynep Erman

Equity Research Analyst

ATA Invest
11 August 2021
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