BGC Partners: DOGUS OTOMOTIV Conference Call Highlights
Dogus Otomotiv sounded confident in meeting their unit sales targets as outlined in the guidance statement, with little upside risk though, due to limited availability. It appears that the company is slated to generate one-third of the 2019 full-year revenue in 4Q19, based on the unit sales predictions. Tight cost/cash flow management is essential and will continue. The participation income, particularly that from TUVTURK will continue to be a key contributor to the bottom line.Dogus Otomotiv Servis Ve Ticaret is an automotive importer and distributor in Turkey. Co. represents 14 international brands each of which is engaged in the following sectors: Passenger cars, Light commercial vehicles, Heavy commercial vehicles, Industrial and marine engines, and Cooling systems.Co. provides its individual and corporate customers with a portfolio of more than 80 models. Co. competes in the industrial and marine engines market by representing the brand Scania Engines and in the cooling systems market representing Thermo King brand. Co.'s sales and service network is comprised of over 500 contact points.
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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