BGC Partners: TURK TRAKTOR 4Q18 EARNINGS – SLIGHTLY ABOVE EXPECTATIONS
TTRAK - OPERATIONALLY IN LINE: TL74m NI is 24% above cons while operating items are broadly in-line while bottom-line beat was due to higher than expected interest income. EBITDA of TL110m was 10% lower than cons for 12.1% margin.Turk Traktor Ve Ziraat Makineleri is engaged in the manufacturing of agricultural machinery, such as tractors, harvesting machinery and earth moving machinery, and its allied parts, including gearboxes, transmission boxes, engine blocks, cylinder heads and hydraulic lifters. Co. sells New Holland and Case IH branded vehicles and equipments. Co. exports its products to over 50 countries.
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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