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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 : Reinforces the Future with the Youth

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07/24/2017 | 11:44am EDT

Kordsa Reinforces the Future with the Youth

07.07.2017

Sponsored by reinforcement leader Kordsa in effort to encourage youth to participate in technology, innovation, R&D and engineering, Yıldız Technical University students' team YTU Racing, produced its 4th vehicle and is ready to take part in the Formula Student East competition, one of the world's biggest student engineering competition. Kordsa provided composite material support for YTU Racing project team in the last years. The team had already taken part in the Formula Student race which is held every year at one of the most famous runways of F1 races, the Silverstone circuit in England and is the first and only Turkish team to take part in this race.

The YTU Racing team, one of the many projects powered by the technology exporter Kordsa in line with its mission to reinforce the future, was established as part of the Machinery Technology Club of Yıldız Technical University in 2011 with the participation of 30 students from different faculties. The YTU Racing team, having produced its 4th vehicle this year, is ready to participate in the Formula Student race that takes place annually on the Silverstone circuit in the UK. The launch of the vehicle took place at Yıldız Technical University. The sponsors, academics and the families of the students were present at the event. In the foyer area, the participants had the chance to see the first three cars that had taken part in the previous years' Formula Student race. The YTU Racing team is the first and only Turkish team to take part in the Formula Student race.

Kordsa, thanks to its pioneering approach, always encourages the university and industry collaboration. As one of the sponsors of the YTU Racing team this year just like the previous years, Kordsa provided composite materials to YTU Racing team. The composite materials supplied by Kordsa are used especially at the hull, wings and seats of the vehicle. Thanks to Kordsa's contributions, vehicles c-became stronger, more robust and more convenient for speed due to its lightweight.

At the launch event, the Chairman of the Turkish Exporters Assembly Mehmet Büyükekşi made a speech emphasizing the importance of young people's success for the future of the country. In his speech, he also thanked the sponsoring companies for supporting young people and hence reinforcing Turkey's future.


Kordsa Global Endüstriyel Iplik ve Kord Bezi Sanayi ve Ticaret AS published this content on 07 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 July 2017 14:44:07 UTC.


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Financials
Sales 2020 4 392 M 538 M 538 M
Net income 2020 168 M 20,6 M 20,6 M
Net Debt 2020 - - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 2 198 M 269 M 269 M
Capi. / Sales 2020 0,50x
Capi. / Sales 2021 0,40x
Nbr of Employees 4 342
Free-Float 100%
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 3
Average target price 15,03 TRY
Last Close Price 11,30 TRY
Spread / Highest target 41,6%
Spread / Average Target 33,0%
Spread / Lowest Target 28,3%
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
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