Earnings Report /
Turkey

Petkim: Stronger than expected results due to one-offs…

  • Petkim posted TL1,702mn net income in 3Q21, higher than our estimate of TL959mn and consensus estimate of TL980mn

  • The company posted TL1,335mn EBITDA in 3Q21, slightly lower than our estimate of TL1,383mn

  • We believe that the initial reaction to the results will be positive thanks to strong performance in 3Q21

Zeynep Erman
Zeynep Erman

Equity Research Analyst

ATA Invest
10 November 2021
Published by