Earnings Report /
Turkey

Migros: No surprise in operating performance

  • We liked Migros operating performance as well as upward revisions to its guidance.

  • Migros realised TL2mn net income in 2Q21, weaker than our estimate of TL44mn and consensus estimate of TL29mn

  • Migros remains one of our top picks  

Cemal Demirtas
Cemal Demirtas

Head of Research

ATA Invest
16 August 2021
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