Otokar Increased Its Turnover by 91 Percent in the First Quarter

Tarih: Issue 106 - May 2021

Operating in more than 65 countries on 5 continents, Turkey's leading automotive and defense industry company Otokar shared the first quarter financial results of 2021. Signing significant export agreements in 2020 despite the effects of the COVID-19 pandemic, Otokar increased its turnover by 91% in the first quarter and achieved a turnover of TRY 877 million. Continuing its activities with the goal of becoming a global player, Otokar increased its exports by 44% in the first quarter to US$69 million compared to the same period of the previous year. Otokar also increased its production by 32% in the first quarter and raised its net profit to TRY 107 million.