Otokar shares rise after sales revenue beat
29/04/2025 08:54
** Shares in Turkish Otokar OTKAR.IS are up around 3% after the Turkish military and commercial vehicle manufacturer posted Q1 sales above expectations ** Brokerage Ak Yatirim notes that sales revenue increased to 8.0 billion lira ($208.21 million), beating market expectations by 8% ** The brokerage also notes that the company recorded best EBITDA margins of last two years for the first quarter, which underlines strong growth ($1 = 38.4225 liras) (Reporting by Miraç Eren Dereli)
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