Earnings Report /
Turkey

Bizim Toptan: Slightly weaker than expected results

  • Bizim Toptan recorded TL5.8mn net income in 2Q21, slightly lower than our estimate of TL7.1mn

  • EBITDA of TL75.0mn was lower than our estimate of TL78.1mn

  • We keep our "UNDERPERFORM" rating for BIZIM

Cemal Demirtas
Cemal Demirtas

Head of Research

ATA Invest
18 August 2021
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