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MarketScreener Homepage  >  Equities  >  ISTANBUL STOCK EXCHANGE  >  Turk Traktor ve Ziraat Makineleri AS    TTRAK   TRETTRK00010

TURK TRAKTOR VE ZIRAAT MAKINELERI AS

(TTRAK)
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Turk Traktor ve Ziraat Makineleri : Turkish police threaten to seize factories of face mask manufacturers

03/23/2020 | 04:31pm EST

Turkey’s police threatened face mask manufacturers with the seizure of their factories if they failed to start selling their stock to the government by 20:00 local time on March 23.

Interior Minister Suleyman Soylu informed reporters that on March 22 simultaneous raids were carried out on depots of some local producers stocking protective masks. The producers were warned that they must immediately sign contracts with the health ministry given the situation with the coronavirus (COVID-19) outbreak, he said.

Police and local officials, meanwhile, started to assist with deliveries of food and medicine to homes of citizens older than 65 and those with chronic diseases.

Turkey has shut down more than 165,000 businesses in its effort to contain the spread of the virus, which had officially claimed 30 lives in the country by the end of March 22.

Bloomberg repoted that Turk Traktor ve Ziraat Makineleri suspended production for 14 days at its two plants from March 23 to contain the spread of coronavirus and due to disruptions in procurement and deliveries from Europe. The day also reportedly saw three textile companies—Menderes Tekstil Sanayi ve Ticaret, Rodrigo Tekstil Sanayi ve Ticaret and Soktas Tekstil Sanayi ve Ticare—halt production.

©2020 bne IntelliNews , source Magazine

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Financials
Sales 2020 6 116 M 781 M 781 M
Net income 2020 672 M 85,7 M 85,7 M
Net Debt 2020 618 M 78,9 M 78,9 M
P/E ratio 2020 12,7x
Yield 2020 6,35%
Capitalization 7 525 M 962 M 961 M
EV / Sales 2020 1,33x
EV / Sales 2021 1,09x
Nbr of Employees 2 077
Free-Float 25,0%
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Average target price 125,37 TRY
Last Close Price 141,00 TRY
Spread / Highest target 10,1%
Spread / Average Target -11,1%
Spread / Lowest Target -63,3%
EPS Revisions
Managers
NameTitle
Ibrahim Aykut Özüner Chief Executive Officer & Executive Director
Levent Çakiroglu Chairman
Ahmet Canbeyli Chief Financial Officer
Jetender Ahuja Chief Technical Officer
Osman Turgay Durak Non-Executive Director