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

KORDSA TEKNIK TEKSTIL AS

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Kordsa Teknik Tekstil : Kocaeli University Türk Mekatronik Team, of which Kordsa was the platinum sponsor and composite materials provider, obtained the first place in Design Category in Turkey.

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09/15/2017 | 05:59pm EDT

Kocaeli University Türk Mekatronik Team, of which Kordsa was the platinum sponsor and composite materials provider, obtained the first place in Design Category in Turkey.

12.09.2017

Kordsa had provided composite material support to the production of the vehicle designed by Kocaeli University Türk Mekatronik team. The team won first place at the TUBITAK Efficiency Challenge Electric Vehicle Race's Design Category with its vehicle. Design of the vehicle's outer shell and inner console as well as building a realistic vehicle as a result of the integration of domestic electronic and mechanical components were major factors in winning the award.

Reinforcement leader Kordsa's carbon fiber fabric was used in the vehicle designed for the TÜBİTAK Efficiency Challenge Electric Vehicle which took place on 27th August 2017 at the Körfez Circuit. Carbon fiber fabric produced by Kordsa was used in whole interior, inner and outer door, chassis, suspension and instrument panel of the 2nd vehicle developed and produced totally by the Türk Mekatronik Team.

The electrical 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 produced by using Kordsa's carbon fiber fabrics, by 45% to 240 kg.


Kordsa Teknik Tekstil AS published this content on 12 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 September 2017 21:58:04 UTC.


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Financials
Sales 2020 4 392 M 562 M 562 M
Net income 2020 168 M 21,5 M 21,5 M
Net Debt 2020 - - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 2 412 M 309 M 309 M
Capi. / Sales 2020 0,55x
Capi. / Sales 2021 0,44x
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 12,40 TRY
Spread / Highest target 29,0%
Spread / Average Target 21,2%
Spread / Lowest Target 16,9%
Managers
NameTitle
Ali Çaliskan Chief Executive Officer
Cenk Alper Chairman
Abdülkadir Toplu Chief Operating Officer- North South America
Volkan Ozkan Chief Financial Officer
Devrim Özaydin Global Technology Director
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