Earnings Report /
Turkey

Petkim: Stronger than expected results

  • Petkim posted TL1,336mn net income in 2Q21, higher than our estimate of TL1,157mn and consensus estimate of TL1,226mn.

  • The company posted TL1,896mn EBITDA in 2Q21, higher than our estimate of TL1,645mn and consensus estimate of TL1,679mn.

  • Thanks to strong product margins and CUR, the company’s EBITDA/ton increased to US$323 in 2Q21 from US$104 in 2Q20

Zeynep Erman
Zeynep Erman

Equity Research Analyst

ATA Invest
18 August 2021
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