Earnings Report /
Turkey

Turk Traktor: Strong results, parallel to our expectations

  • Turk Traktor recorded TL260mn net income in 2Q21, 1% above consensus estimate of TL256mn and our estimate of TL258mn

  • The company posted TL442mn EBITDA, 8% above our estimate of TL409mn and 9% above consensus estimate of TL404mn in 2Q21.

  • EBITDA margin of 15.3% was 93bps higher than our estimate of 14.3% (Consensus: 14.2%).

Aytunc Uz
Aytunc Uz

Equity Research Analyst

ATA Invest
10 August 2021
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