Dogus Otomotiv Servis ve Ticaret AS

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17 articles for Dogus Otomotiv Servis ve Ticaret AS

Dogus Otomotiv: Tax income leads to higher-than-expected results

Dogus Otomotiv posted TL2,698mn net income which is 62% higher than our est and 61% higher than consensus est. The company recorded TL2,378mn EBITDA which was 13% higher than our est and 13% higher than the cons in 3Q22. In 3Q22, EBITDA margin was 20...
ATA Invest Zeynep
Zeynep Erman @ ATA Invest 10 November 2022

Dogus Otomotiv: 2Q22 review – Stronger than expected results

DOAS posted TL1,766mn net income which is 15% higher than our est. and 13% higher than consensus est. in 2Q22. The company recorded TL2,157mn EBITDA which was 14% higher than our estimate of TL1,884mn. In 2Q22, EBITDA margin was 18.6% which is 154bps...
ATA Invest Zeynep
Zeynep Erman @ ATA Invest 19 August 2022

Dogus Otomotiv: Better than expected results on all fronts

· Dogus Otomotiv recorded TL370mn net income which is 39% higher than our estimate of TL266mn and 51% higher than consensus estimate of TL245mn in 3Q21. Commercial vehicle (CV) price in terms of EUR was up by 11% y/y to EUR25.4K in 3Q21 which was 4% ...
ATA Invest Aytunc
Aytunc Uz @ ATA Invest 10 November 2021

Turkish Autos: After a weak October, we revise down our 2021 and 2022 estimates

Turkish Light Vehicle (LV) sales fell by 40% y/y to 56.8K units in October 2021, 41% lower than our estimate of 97.2K units at the beginning of the month but 8% lower than mid-months indications. On a segmental basis, P. Car sales declined by 47% y/y...
ATA Invest Cemal
Cemal Demirtas @ ATA Invest 2 November 2021

Turkish autos: Light vehicles sales volume declined by %45 y/y in July

P. Cars decreased by 48% y/y to 36.3K units whereas LCV sales decline by 36% y/y to 11.5K units in July 2021. We foresee LV sales to increase by 13% y/y to 877K units in 2021e. . In our optimistic-case scenario, we expect 22% y/y increase to 944K uni...
ATA Invest Aytunc
Aytunc Uz @ ATA Invest 3 August 2021

Turkish autos: Sales volume increased by 70% y/y in May, continues to soften m/m

Turkish Light Vehicle (LV) sales increased by 70% y/y to 54.7K units in May 2021, lower than our estimate of 70.9K units at the beginning of the month. We also had a very strong year until Mar’ 2021. In 2021, we believe that consumer sentiment will c...
ATA Invest Aytunc
Aytunc Uz @ ATA Invest 3 June 2021

Details

Turkey
MENA
Retailing
About
Dogus Otomotiv Servis ve Ticaret AS (Dogus Otomotiv) imports and distributes passenger cars, and light and heavy utility vehicles and provides retail sales and after-sales services. The Group is the exclusive distributor of Volkswagen, Skoda, Audi, Porsche and Seat passenger cars and light trucks, and Scania heavy commercial vehicles. Dogus Otomotiv also provides insurance and financing.

Associated topics

MENA Asia Consumer Discretionary Equity Dogus Otomotiv Servis ve Ticaret AS Retailing Turkey Dogus Otomotiv Cemal Demirtas Tofas Turk Otomobil Fabrikasi AS Automobiles & Components Tofas May Ford Otomotiv Sanayi AS