Net Sales Gross Profit Operating Profit Profit Before Tax Net Profit
1.293.998
877.242
466.748
304.875
280.503
144.315
202.092
104.466
48% 66% 111% 94%
200.532
107.444
87%
Change (%)
Dear Stakeholders,
The consolidated financial statements of our Company reflecting the first three months of 2022 activities and their results prepared pursuant to the provisions of the Turkish Financial Reporting Standards;
Otokar sales amounted to 1.294 million TL, 48% higher than last year. (2021 3M 877 million TL)
Export revenues amounted to 831 million TL (2021 3M 498 million TL)
The share of exports in total turnover in the first three months of 2022 realized as 64% (2021 3M 57%)
Gross Profit was realized as 467 million TL (2021 3M 281 million TL), gross profit margin was realized as 36.1% in the first three months of 2022 (2021 3M 32.0%).
As a result of the first three months of 2022 financial results, our Company's net profit realized 201 million TL net profit (2021 3M 107 million TL net profit).
Domestic Export Total
462.903 831.095 1.293.998
379.241 498.001 877.242
22% 67% 48%
Our financial statements related to 01.01.2022 - 31.03.2022 interim period was published on the corporate websitewww.otokar.com.trand KAP (Public Disclosure Platform).
Unit
ProductionSales
2022 3M
687
676
2021 3M
485
614
Change (%)
42%10%
Margins
2022 3M
2021 3M
Gross Margin Operating Margin
36,1% 23,6%EBITDA Margin Net Margin
14,6% 15,5%
32,0%16,5%14,6%12,2%
Financial Ratios
Current Ratio Liquidity RatioCurrent Assets/Total AssetsCurrent Liabilities / Total LiabilitiesCurrent&Non-current Liabilities / Total AssetsNet Debt/Equity
2022 3M
2021 3M
1,32 0,69
0,99
0,53
0,64
0,67
0,61
0,80
0,80
0,84
1,56
2,39
50 natural gas powered city buses purchased by Azerbaijan's leading public transportation company, Xaliq Faiqoglu, started service with a ceremony held in Baku.
Otokar participated in DSA - 2022, in Malaysia's capital Kuala
Lumpur, and showcased its ARMA 6X6 and COBRA II vehicles.
Otokar's BRT version of its Kent Articulated bus and its electric bus Kent Electra won awards in the "Mobility" category at the BIG SEE Awards 2022.
Otokar promoted its broad armored vehicle product range in the foremost aerospace, defense and security exhibition of Latin America, FIDAE 2022, on 5-10 April, in Santiago, Chile.
Otokar owes its growth to the products of its own design and intellectual property rights, developed through engineering and research development capabilities. Defining its strategies as growing in the defense industry, increasing the share of exports in its turnover expanding on the backdrop of new models, Otokar carries on activities to reach these targets.
Our Company's total investments amounted to 45.1 million TL in 2022 3M.
Otokar delivered the first 20 of the 100 bus rapid transit (BRT) buses as part of the tender that the IETT General Directorate awarded last year. Otokar will complete the delivery of the 21mt, 200-passenger capacity Otokar KENT C buses in 2022.
As of March 31, 2022 our Company has 2.536 employees in total.
Otokar attended to MENA Transport Dubai in Dubai, DSA 2022 in Kuala Lumpur, FIDAE 2022 in Chile and exhibited its own design and production vehicles.
DISCLAIMER
This Bulletin is prepared for our stakeholders to get the informations about the activities of our company easier, containing the summary informations in the 2022 3M financial statements that are disclosed on Public Disclosure Platform. In case of a discrepancy between this bulletin and the financial statements, financial statements shall prevail.
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Otokar Otomotiv ve Savunma Sanayi AS published this content on 26 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2022 16:31:06 UTC.
Otokar Otomotiv ve Savunma Sanayi AS, formerly Otokar Otobus Karoseri Sanayi AS, is a Turkey-based company engaged in the design, manufacture and sale of commercial, public transportation and military vehicles. Its product range covers such categories, as Buses, comprising Centro C, Navigo C, Vectico C, Kent C, Navigo U, Vectio U, Territo U, Navigo T and Vectio T; Trailers and Semi Trailers, comprising Curtainsider Trailers, Van Type Trailers, Tankers and Car Transporters, among others; Land Rover Defenders, comprising Land Rover Defender 90, 110 and 130, and Armored Vehicles, such as Arma 6x6, Arma 8x8, Armoured Patrol Vehicles, Akrep, Cobra and Kaya, among others. The Company's vehicles are produced in its plant in Arifiye, Sakarya in Turkey, and are exported to around 60 countries globally. It is a member of the Koc Group of Companies.