TürkTraktör Strengthen Market Leadership in the First Half of 2024

TürkTraktör, the long-established manufacturer in the Turkish automotive industry, announced its financial results for the first half of 2024. In the first six months of the year, TürkTraktör manufactured 24,920 tractors, accounting for 59 percent of Türkiye’s tractor production and 80 percent of its exports. According to TürkTraktör's H1 2024 financial data, which has been inflation accounted in accordance with IAS 29, the company’s net profit is TL 3 billion 836 million, total turnover is TL 33 billion 668 million, and operating profit margin and EBITDA margin are 16,2 percent and 18,4 percent, respectively.

In the first half of 2024, TürkTraktör sold 17,604 tractors to the domestic market, while reaching 8,185 units in exports. As of the end of June, TürkTraktör, with a total share of 48,3 percent in the Turkish tractor market with its two brands, has maintained its leadership position for 17 consecutive years. TürkTraktör is the market leader with its New Holland brand, while its premium brand, Case IH, ranks second in the market.

Stating that they have achieved strong first half results for 2024, the year that marks the 70th anniversary of the company, TürkTraktör Company Leader Matthieu Séjourné said, “As we strive to prepare agriculture and cities for the future, we are proud to account for 59 percent of Türkiye’s tractor production and 80 percent of its exports. We are committed to supporting our farmers in meeting their needs and ensuring the profitability of their hard work with our wide product range that has completed the transition to Stage 5, the highest global standard for emission levels. I would like to sincerely thank our farmers for choosing our latest technology tractors and equipment, which are the key to sustainable and environmentally friendly agriculture.”

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