Katmerciler grew 49% in 9 months

Leader and sole representative in stock market (KATMR) of the on-board equipment sector in Turkey, Katmerciler published financial results for nine months of year 2011. Compared to the same period of the previous year the company achieved significant improvements in growth, export, operating profit, and total assets.

Scoring a revenue of 35 million 694 thousand TL in the nine months of previous year, Katmerciler increased this revenue by 49 percent and reached to 52 million 990 TL in the same period of 2011. Increasing its operating profit by 26 percent in the same period, the company raised its operating profit from 6 million 646 thousand TL to 8 million 379 thousand TL.

The export success of Katmerciler, which pursued an intense activity towards abroad countries and ,increased its export revenues in the recent years, is also reflected in the results of nine months. Obtaining an export revenue of 12 million USD in the nine months period of previous year, the Company reached to an increase of 68%, exceeding 20 million USD. 

Rate of export within sales revenues of sector's export leader Katmerciler is raised to 64 percent. Rate of export within the 2010 revenues of Katmerciler currently exporting to 41 countries was 42 percent. Performing an export of 17 million USD in the total in last year, Katmerciler succeeded to exceed this figure in the first nine months of 2011. 

Export of automotive sector supplier industry in the first nine months of the year increased by 31 percent and raised from 4.8 billion USD to 6.3 billion USD and the rate of share of Katmerciler in these export figures increased from 0.25 percent to 0.32 percent. 

An increase of 86 percent is experienced in the total assets of the company compared to 2010 year-end, and volume of total assets reached to 111 million TL.

  Katmerci: We will surpass our growth target

Mehmet Katmerci, General Director and Chairman to Board of Directors of Katmerciler, based on financial results of the first nine months, stated that they will exceed 25 percent growth rate foreseen for 2011, if the sales of first nine months and present orders are considered. Underlining the significance of 86 percent assets growth in nine months, Mr. Katmerci stated the following evaluations:

“We mostly reached our targets in the first nine months of 2011. 68 percent increase we achieved in export, which has strategic importance for us, is the most significant indicator showing that we are on our way to reach our target to render Katmerciler more active and reputable brand on the international scale. This performance in export redoubles our motivation and self-confidence. The export performance of our company shall increase with the contribution of our GimKat On-Board Equipment Company, which we established with our French partner Gimaex and will start manufacture in the next month. Although 26 percent increase we achieved in profit obtained from our activities is not at the level of sales revenues, it is still an indicator for a significant success. Differences between currency exchange rates had important effect in this difference between sales revenues and profitability."

Emphasizing the contribution of all parties, from employees to customers, from investors to business partners, in the successful performance of Katmerciler, a public owned company, Mr. Katmerci stated that the company will continue to create values for it's sector, to İzmir, and to Turkey, by maintaining sound and powerful growth trend of the company.