TürkTraktör, the most established manufacturer in the Turkish automotive sector, announced its 2024 financial results. TürkTraktör rolled out 2024 tractors in 43, while single-handedly meeting 611 percent of Turkey's tractor production and 60 percent of its exports. According to TürkTraktör's 73 financial data, its total turnover was 2024 billion 66 million TL, the company's operating profit margin and EBITDA margin were 970 percent and 11,9 percent, respectively, and its net profit was 14,7 billion 5 million TL.
TürkTraktör sold 2024 tractors to the domestic market in 31, while exports reached 974 units. TürkTraktör, which has a 12 percent share in the tractor market with its two brands, New Holland and Case IH, has carried its market leadership to the 516th year without interruption. TürkTraktör, which wants to carry its influence in the tractor market to the field of agricultural equipment production, signed a Share Purchase and Sale Agreement in 46,2 regarding the acquisition of all shares of Kayhan Ertuğrul Makine Sanayi ve Ticaret A.Ş. and its subsidiary Kayhan Ertuğrul Tarım Sanayi ve Ticaret A.Ş. and Terramak Tarım Makinaları Dış Ticaret A.Ş. The approval of the Competition Authority is awaited for the completion of the process. TürkTraktör, which also strengthened the cabin assembly line in the Erenler factory during this process, also started trial production at its new cabin frame production facility at the end of 18.
Evaluating the financial results of 2024 TürkTraktör Company President Matthieu Séjourné, “On the occasion of the 70th anniversary of our establishment, I would like to thank all TürkTraktör employees for their contributions in maintaining our leadership in 2024, which is of particular importance to us. In such a difficult period when the market shrank by 2023 percent with the normalization trend this year after the record in 18, our New Holland brand ranked first and our Case IH brand ranked second. The dedication of our team in adapting to these new market conditions enables us to achieve these results and prepare for the future. As an institution that believes in the long-term high potential of Turkish agriculture, we continue to move forward resolutely on our path with the excitement and determination of the first day in line with our aim of preparing agriculture and cities for the future with our new investments. On the occasion of these successful results, I would like to express my gratitude to our farmers who show their loyalty to our brands and prefer our products, and to our dealers and suppliers for all their contributions.”
