TürkTraktör, the first manufacturer of the Turkish automotive industry and the leading brand of agricultural mechanization, announced its half-year financial results covering the first 2022 months of 6.
With 8 thousand 254 exports, the company managed to sell all of its products in the first 6 months. zambroke the record of moments.
TürkTraktör General Manager Aykut Özüner drew attention to the number of exports in the first half of the year and said that they broke a record in this field.
Pointing out that TürkTraktör has maintained its leadership in the Turkish tractor market for 15 years without interruption, Özüner said, “We continue to support this success with the figures we have achieved in the field of exports. The export success we achieved in 2021 was appreciated with the awards given to our company by the Turkish Exporters Assembly and the Automotive Industry Exporters Association this year. Based on the first 6-month periods, we see that we broke a record this year and we are moving towards the end of the year with sure steps. On the occasion of this success, I would like to thank the entire TürkTraktör family for their devoted and motivated work. As it has been for 68 years, we will continue to work with all our strength to create value for our country, by being with both Turkish and world farmers in every need.” he said.
TürkTraktör produced 2022 tractors, according to 22 half-year financial results. While the company sold 155 thousand 13 tractors to the domestic market, it reached 474 thousand 8 units in exports. On the other hand, TürkTraktör's New Holland brand maintained its leadership in the market, while its premium brand CASE IH took its third place in the market, according to TUIK data at the end of May.
TürkTraktör, which achieved a 9 percent increase in exports according to its half-year financial results, set a new record based on 6-month figures.
TürkTraktör completed the first 6 months of the year with a net profit of TL 959 million, while its operating profit margin and EBITDA margin for the same period were 13,7 percent and 14,7 percent, respectively.
The total turnover of the company increased to 8 billion 881 million TL.