TürkTraktör Announces Its First Quarter 2026 Financial Results
TürkTraktör, the longest-established manufacturer in Türkiye’s automotive sector still in operation, has announced its financial results for the first quarter of 2026.In the first three months of the year, TürkTraktör produced 5,035 tractors, maintaining its leadership by accounting for 58% of Türkiye’s total tractor production and 71% of its exports. Compared to the overall performance of 2025, the company sustained its strong market position, continuing its solid performance in both production and exports. According to its first quarter 2026 financial results, TürkTraktör reported total revenue of TRY 10.055 billion and maintained its focus on operational discipline despite challenging market conditions. The company recorded a net loss of TRY 1.275 billion, while its EBITDA margin stood at 0.3%.
In a Turkish tractor market that contracted by 36% overall in 2025, The first quarter of 2026 saw a further 59% decline compared to the same period last year. Contraction in demand, rising input costs and higher financing expenses as well as sectorials headwind from previous season were the main drivers behind this trend.
Matthieu Séjourné, Company Leader of TürkTraktör, commented on the results: “The contraction trend in Türkiye’s tractor market continued into the first quarter of this year. Despite this, as TürkTraktör, we have maintained our strong market position with a total market share of 44.7% at the End of March for our 2 brands. In order to navigate current market conditions effectively, we continue to focus on critical areas such as pricing discipline and cost control. In the first quarter of 2026, we concentrated on improving our operational efficiency and managing our cost structure more effectively.”
Emphasizing that they have sustained their industry leadership despite ongoing challenging market conditions, Séjourné added: “With our New Holland and Case IH brands, we account for 58% of tractor production and 71% of exports in Türkiye. While maintaining this strong position, we continue to stand by our farmers and strengthen our presence in the field. At the same time, we are steadily continuing our operations in the construction equipment segment. Rather than focusing on short-term plans, we take a medium- to long-term perspective and look to the future with confidence. We expect the strategic steps we have taken to deliver even stronger results throughout the rest of the year.”
