What are Tofaş and Otokar's expectations for the 3rd quarter?

Expected Q3 Results from Tofaş and Otokar

Today on Borsa İstanbul, the financial statements for the third quarter from Tofaş (TOASO) and Otokar (OTKAR) are expected to be announced. Some forecasts regarding the financial performance of these two companies have already emerged in the markets.

Expected Financial Indicators for Tofaş

Expectations for Tofaş’s Q3 balance sheet are quite optimistic. The company is expected to report a net profit of 1.61 billion TL for this period. Additionally, Tofaş's net sales revenues are forecasted to be 89.12 billion TL, and its EBITDA is expected to be 3.13 billion TL. These figures imply significant increases of 287.14% in net profit, 183.59% in net sales revenues, and 782.76% in EBITDA on a yearly basis.

Situation and Forecasts for Otokar

On the other hand, Otokar faces both challenges and opportunities in this quarter. A net loss of 373 million TL is expected to be reported in Otokar's Q3 balance sheet. The company’s net sales revenues are forecasted to be 9.81 billion TL, and its EBITDA is expected to be 332 million TL. These data indicate a yearly increase of 0.89% in net sales, but also reflect a significant decrease of 319.62% in EBITDA.

Thus, Tofaş and Otokar's Q3 reports stand out as important data that investors will closely monitor. The financial performances of the companies can affect the general situation in the market and investor decisions.

We emphasize that this information is not investment advice.