Home / Agricultural Economy / Agribusiness / TURKTRAKTOR BREAKS RECORD IN EXPORTS IN THE FIRST HALF OF 2022!

TURKTRAKTOR BREAKS RECORD IN EXPORTS IN THE FIRST HALF OF 2022!

Press release…

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 six months of 2022. The company broke the all-time record in the first six months with 8,254 units in exports.

TürkTraktör General Manager Aykut Özüner stated that they broke records in this field by drawing attention to the number of exports in the first half of the year and said, “As TürkTraktör, we have been uninterruptedly maintaining our leadership in the Turkish tractor market for 15 years. We continue to support this success with the figures we have achieved in the field of export. 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.”

Aykut Özüner – Federico Pamfili (Deputy General Manager)

“Based on the first six-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 there for both Turkish and world farmers in every need,” Özüner explained.

New Holland Maintaines Its Market Leadership

Pointing out that TürkTraktör produced 22 thousand 155 tractors according to the half-year financial results of 2022, Özüner added, “While the company sold 13 thousand 474 tractors to the domestic market, it reached 8 thousand 254 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, broke a new record based on six-month figures. TürkTraktör completed the first six 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,” he concluded…

Authors

About İsmail Uğural

Check Also

MINISTRY REPORTS; RUSSIA HARVESTS 78 MILLION TONNES OF GRAIN CROPS

Russia has harvested 78 million tonnes of grain crops this season so far, thus ensuring …

Leave a Reply

Your email address will not be published.

13 + four =

%d bloggers like this: