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MarketScreener Homepage  >  Equities  >  ISTANBUL STOCK EXCHANGE  >  Kordsa Teknik Tekstil AS    KORDS   TRAKORDS91B2

KORDSA TEKNIK TEKSTIL AS

(KORDS)
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Kordsa Teknik Tekstil : Continues to Reinforce through Composite Sponsorship

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08/25/2017 | 05:23am EDT

Kordsa Continues to Reinforce through Composite Sponsorship

23.08.2017

Kordsa, the pioneer of the university and industry collaboration, provides composite material support for the electrical vehicle designed and produced by Kocaeli University Türk Mekatronik team. Reinforcement leader Kordsa's carbon fiber fabrics were used in the vehicle's production. The team is getting ready for TÜBİTAK's Efficiency Challenge Electric Vehicle to be held on 27 August 2017 at the Körfez Circuit.

Carbon fiber fabrics produced by Kordsa were used in whole interior, inner and outer door, chassis, suspension and instrument panel of the vehicle developed and produced by the Türk Mekatronik team. The electric vehicle, designed in accordance with the requirements of the competition, is 3,5 meters long, 1,7 meters wide and 1-meter high. The team, which previously produced a 430-kg single-motor electric vehicle, succeeded in reducing the weight of the new dual motor vehicle by 45% by using Kordsa's carbon fiber fabrics..


Kordsa Teknik Tekstil AS published this content on 23 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 August 2017 08:22:07 UTC.


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Financials
Sales 2020 4 392 M 531 M 531 M
Net income 2020 168 M 20,3 M 20,3 M
Net Debt 2020 - - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 2 148 M 259 M 260 M
Capi. / Sales 2020 0,49x
Capi. / Sales 2021 0,39x
Nbr of Employees 4 342
Free-Float 100%
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Average target price 15,03 TRY
Last Close Price 11,04 TRY
Spread / Highest target 44,9%
Spread / Average Target 36,2%
Spread / Lowest Target 31,3%
Managers
NameTitle
Ali «aliskan Chief Executive Officer
Cenk Alper Chairman
AbdŁlkadir Toplu Chief Operating Officer- North South America
Volkan Ozkan Chief Financial Officer
Devrim ÷zaydin Global Technology Director
Sector and Competitors