TürkTraktör Breaking Export Records in the First Six Months of 2022
TürkTraktör, the first manufacturer of the Turkish automotive sector and Turkey's leading company in the agriculture mechanization, announced the half-year financial results covering January-June 2022. TürkTraktör completed the first six months of the year with an all-time record, exporting 8,254 units.Stating the record-breaking export volume of TürkTraktör in the first half of 2022, Aykut Özüner, TürkTraktör CEO, said: “TürkTraktör has been the leader of the Turkish tractor market for 15 years in a row. In addition to the domestic market, we continue to increase our exports volume and expand our presence in the global markets. Our achievements in exports in 2021 were recognized with awards granted this year by the Turkish Exporters Assembly and the Automotive Industry Exporters Association. We maintained and boosted our success in exports. According to the financial results of the first six months of 2022, TürkTraktör broke an all-time half-year record. We are now on our way to complete 2022 with even more achievements. I would like to take this opportunity to thank the entire TürkTraktör family for their commitment and hard work. As TürkTraktör, we will continue to work with all our strength to create value for Turkey and support all the farmers in Turkey and the world.”
New Holland Maintaining its Market Leadership
TürkTraktör manufactured 22,155 tractors according to the half-year financial results of 2022. The Company completed the sale of 13,474 tractors to the domestic market while exporting 8,254 units to the global markets. What’s more, TürkTraktör's New Holland brand maintained its leadership in the market according to TurkStat data as of the end of May. CASE IH, TürkTraktör's premium brand, continued its success, becoming the third brand of the Turkish market.
TürkTraktör broke a new half-year record thanks to a 9% increase in exports according to the half-year financial results. TürkTraktör completed the first six months of 2022 with a net profit of TRY959 million. For the same period, the operating profit margin and the EBITDA margin were realized as 13.7% and 14.7%, respectively. The total turnover of the company increased to TRY8 billion 881 million.
