TürkTraktör Announced Its Financial Results For The First Quarter Of 2021

Turktraktor announced its quarterly financial results
Turktraktor announced its quarterly financial results

TürkTraktör announced its financial results for the first quarter of 2021. Due to the harsh conditions experienced in the whole world is experiencing a pandemic of 1, which both Turkey as the leader of the tractor market TürkTraktör completed both exports, while 2020 began with a rising performance graph again.



The total production figure of the company, which exceeded 2020 thousand in total production in 34, was 13 thousand 208 in January-March period of this year. The company that has been the market leader in the sector for 14 years without interruption; It also displayed a successful performance in exports and domestic sales in the first 3 months of the year. TürkTraktör allowing an increase of 71% in total sales compared to the same period last year, in January-March 2021 period, 9 thousand 628 units of tractors in Turkey, and 3 thousand 487 units offered to farmers in world markets.

Due to the increase in the production of TürkTraktör, its turnover increased to 3 billion 2 million TL in the first 684 months of the year. The company's operating profit margin and EBITDA margin were 14,2% and 15,7%, respectively; With all these results, TürkTraktör's net profit for the January-March 2021 period was recorded as 348 million TL.

TürkTraktör General Manager Aykut Özüner: "Our aim is to ensure sustainability in agricultural production"

TürkTraktör General Manager Aykut Özüner pointed out that the success they have achieved in the first 3 months of the year, especially in production and sales, is an important indicator of their efforts to ensure sustainability in agricultural production and said, “We continue to meet the demands and needs of our farmers, who are the backbone of the agricultural sector, to carry out their work without interruption. we do. In the first three months of this year, we maintained our leadership in the tractor market with the successful performance of our New Holland and Case IH brands. " said.

Sales to foreign markets are on an increasing trend

Stating that there is a general movement in exports compared to the first periods of the epidemic all over the world, Özüner; “However, with the fluctuations in the course of the epidemic in different regions and countries, problems in the demand and supply chain continue to be experienced. Despite these problems, we managed to increase our international sales by 2% between January and March with the actions we took to manage this process in the best way possible. We continued to have performed 88% of Turkey's total exports in this period tractors on our own again and announce the name of our country in the global market. With our various models that we produce in accordance with Phase 5 engine emission standards, we plan to increase our international sales performance in the rest of the year. " he explained.

'We also continue to increase our efficiency in the field of construction equipment.

At the end of his evaluations, Aykut Özüner also touched upon the work they carried out in the field of construction equipment as TürkTraktör and ended his words as follows: “We continue to reap the fruits of the important investment we made in the field of construction equipment by switching to the production of domestic backhoe loaders in 2020, as well in the first quarter of this year. We will continue our efforts to increase interest in our products in 2021 in sectors where construction equipment is widely used, especially backhoe loaders. "

Armin

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