TURKEY - TTRAK: Sales and Production for May
This analysis by GLOBAL Securities is presented to you by Raiffeisen Centrobank AG. Raiffeisen Centrobank AG acts solely as a distributor of this analysis and has not introduced any material changes to the content of this analysis or any recommendation included herein.Turkey - TTRAK: Sales and Production for May
According to the monthly sales and production report of the company, TTRAK’s total sales decreased by 31% YoY to 1,548 in May20 from 2,233 in May19. While domestic sales increased by 22% YoY, the sharp decline in export sales by 56% offset the domestic sales’ contribution in total. On the five months’ comparison, total sales inched up by 3% YoY by the contribution of 56% increase in domestic sales while the export sales declined by 29% YoY.
As for production; the total units produced declined by 12% in May20 to 1,721 from 1,963 in May19. However, in the first 5 months of the year, total production increased by 11% YoY to 9,456 comparing to last year’s first five month period production number which was 8,504 in 2019.
Exhibit: Sales and Production Units for May
May-20 May-19 YoY 5M20 5M19 YoY
Domestic 893 730 22% 5,741 3,680 56%
Export 655 1,503 -56% 4,418 6,220 -29%
Total Sales (Unit) 1,548 2,233 -31% 10,159 9,900 3%
Production (Unit) 1,721 1,963 -12% 9,456 8,504 11%
Source: The Company
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.
The Institutional Equity Research team of Raiffeisen Bank International AG covers 85 stocks from Austria, Central & Eastern Europe with sell-side research and thus levers our local broker status with excellent company relationships. For corporates in Austria, CEE and Western Europe, we offer co-sponsored research, which includes research coverage and marketing activities to investors. Additionally, through our Spotlight Research product we also shed light on leading European small and micro-caps, seeking greater visibility with investors.
The Institutional Equity Research team consists of roughly 15 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.