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    KCHOL   TRAKCHOL91Q8

KOÇ HOLDING A.S.

(KCHOL)
  Report
End-of-day quote BORSA ISTANBUL  -  05-12
38.64 TRY   +0.36%
05/09Koç Holding A.S. Reports Earnings Results for the First Quarter Ended March 31, 2022
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05/09TRANSCRIPT : Koç Holding A.S., Q1 2022 Earnings Call, May 09, 2022
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04/25KOÇ : Entek Appendix 1 - Expert Institution Report for the Determination of the Demerger Ratio and Share Exchange Ratio
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Notification about the news on media

11/10/2021 | 05:25am EDT

KAMUYU AYDINLATMA PLATFORMU

KOÇ HOLDİNG A.Ş.

Notification About News or Rumours

Summary

Notification about the news on media

Notification About News Or Rumours

Related Companies

[FROTO]

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Notification About News Or Rumours

Update Notification Flag

Hayır (No)

Correction Notification Flag

Hayır (No)

Date Of The Previous Notification About The Same Subject

-

Postponed Notification Flag

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Announcement Content

Explanations

There have been some news on the media regarding the efforts for the establishment of a battery production plant by Koç Group and based on such news, our Group Companies have received numerous questions and comments.

As already disclosed by our joint venture Ford Otomotiv Sanayi A.Ş. initially on 04.12.2020, the Company is working on the establishment of a battery assembly facility in Kocaeli with a capacity of 130,000 units within the scope of the project-based state aid and the related investment aid provided. Apart from that, no further decisions have been taken for battery investments.

As Koç Group, we follow the developments and trends in the automotive industry closely and evaluate investment opportunities at all times. In case a concrete decision is reached as a result of such assessments, necessary disclosures are made in accordance with Capital Market Board's Communique II-15.1 on Material Events Disclosure.

In this context, there is no development that requires us to make a public disclosure within the framework of the Communique; this disclosure has been made upon the questions we have received from our investors.

This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

We proclaim that our above disclosure is in conformity with the principles set down in "Material Events Communiqué" of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we're personally liable for the disclosures.

Disclaimer

Koç Holding AS published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 10:24:00 UTC.


© Publicnow 2021
All news about KOÇ HOLDING A.S.
05/09Koç Holding A.S. Reports Earnings Results for the First Quarter Ended March 31, 2022
CI
05/09TRANSCRIPT : Koç Holding A.S., Q1 2022 Earnings Call, May 09, 2022
CI
04/25KOÇ : Entek Appendix 1 - Expert Institution Report for the Determination of the Demerger R..
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04/07Ford Otosan starts all-electric Transit model production in Turkey
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04/07KOÇ HOLDING A.S. : Ex-dividend day for final dividend
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04/06KOÇ : 2022 April Investor Presentation
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04/02KOÇ : Ordinary General Assembly Meeting Resolutions
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04/02KOÇ : General Assembly Resolution for Profit Distribution
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04/01UniCredit completes sale of Turkey's Yapi Kredi
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04/01KOÇ : Closing of the purchase of Yapı ve Kredi Bankası A.Ş. shares
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Analyst Recommendations on KOÇ HOLDING A.S.
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Financials
Sales 2022 531 B 34 288 M 34 288 M
Net income 2022 22 281 M 1 440 M 1 440 M
Net Debt 2022 156 B 10 083 M 10 083 M
P/E ratio 2022 4,24x
Yield 2022 4,40%
Capitalization 97 987 M 6 332 M 6 332 M
EV / Sales 2022 0,48x
EV / Sales 2023 0,39x
Nbr of Employees 105 908
Free-Float 42,9%
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Last Close Price 38,64 TRY
Average target price 48,48 TRY
Spread / Average Target 25,5%
EPS Revisions
Managers and Directors
Levent Çakiroglu Chief Executive Officer & Director
Ibrahim Tamer Hasimoglu President-Tourism, Food & Retailing Group
Ahmet Fadil Ashaboglu Chief Financial Officer
Ömer Mehmet Koç Vice President-Energy Group
Jacques Albert Nasser Independent Director
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