BGC Partners: BRISA 4Q18 Earnings Review
BGC Partners: BRISA 4Q18 Earnings ReviewTL20.7mn NI in 4Q18 was 18% higher than cons. Thanks to robust margins on the export front (supported by weaker TL, y/y), successful opex management , and price hikes, the company posted a robust EBITDA of TL139.8mn (18% beat). Soaring interest rates and high indebtedness have put some pressure on the bottom line as expected, but the company continued to benefit from incentives due to on-going investments and recorded TL4.7mn tax income.
Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret is engaged in the manufacture and sale of vehicle tires for domestic and foreign brands.
BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.
We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:
- Mergers & Acquisitions
- Equity Capital Markets
- Debt Finance & Advisory
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