TürkTraktör Closes First Half of the Year with TRY 3.6 Billion Profit

TürkTraktör announced its half-year financial results covering the first six months of 2023. Production increased by 18%, exports by 19% and total sales by 25% compared to the same period last year. Based on the company's first half performance, total revenue showed a 129% increase year-on-year. TürkTraktör completed the first half of the year with a profit of TRY 3.6 billion. Stating that they are proud to continue adding successes to 2023, which they started successfully, TürkTraktör Chief Executive Officer Aykut Özüner made the following comments: "As TürkTraktör advances with confident steps into our 70th year, we are working at full capacity to prepare all areas of our operations for the future. To meet all the needs of our farmers, we continue the 3S plaza transformations of our dealers. As of the first half of 2023, the total number of our 3S plazas has reached 76. We accelerated our investments in environmentally friendly and technological products. The transition process to Phase 5, the latest emission level of our products, also continues uninterrupted. To date, we have launched 27 domestic tractor models. We are aware of our responsibility to be a company that respects the environment and society in order to leave a livable world for future generations. Within the framework of our sustainability strategy, which we named 'Impact on the Future,' we shared our short, medium and long-term sustainability targets with the public in April. We launched our first renewable energy investment at our Erenler plant within the first six months of the year. Our target as of 2026 is to meet all our energy needs from renewable energy sources. We see it as one of our responsibilities to play an active role with the targets we have set in environmental, social and governance areas to create positive value in our sphere of influence that extends throughout our entire ecosystem. Continuing to work as the TürkTraktör family, guided by the principle that 'everything we do today has an Impact on the Future.'" [caption id="attachment_155267" align="aligncenter"] TürkTraktör Chief Executive Officer Aykut Özüner - Left[/caption]

17 Years of Uninterrupted Market Leadership

TürkTraktör manufactured 26,215 tractors in the first six months of 2023. The company sold 17,287 tractors to the domestic market, while exports reached 9,851 units. According to TÜİK data as of the end of June, TürkTraktör has maintained market leadership for 17 consecutive years with its New Holland and CASE IH brands.