Earnings Report /
Turkey

Tofas Turk Otomobil Fabrikasi AS: Stronger than expected results in all fronts...

  • Tofas recorded TL867mn net income, 21% higher than our est. of TL717mn & 24% higher than cons. est. of TL699mn in 2Q21.

  • EBITDA margin of 15.6% is 242bps higher than our estimate of 13.2%.

  • The company will hold a teleconference on Thursday, July 29th 2021, at 17:00 Istanbul Time. (15:00 UK time)

Aytunc Uz
Aytunc Uz

Equity Research Analyst

ATA Invest
29 July 2021
Published by