Earnings Report /
Turkey

Ford Otosan: Higher than expected net income

  • Ford Otosan posted TL3,704mn net income in 2Q22, 17% above our estimate and 16% above consensus estimate

  •  Ford Otosan realized TL4,149mn EBITDA in 2Q22, 21% above our estimate and 22% above consensus estimate in 2Q22

  • EBITDA margin of 12.6% was 166bps higher than our estimate of 11.0%

Zeynep Erman
Zeynep Erman

Equity Research Analyst

Cemal Demirtas
Cemal Demirtas

Head of Research

ATA Invest
1 August 2022
Published byATA Invest

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