It was announced to begin the production line investments for the defense industry

Katmerciler achieved 210% semiannual operating profit increase,
135% gross profit increase, 48% net profit increase

According to 2015 semiannual financial results declared by Katmerciler, the company increased its income by 50 percent to TRY 137 million, increased the real operating profit by 210 percent to TRY 21,4 million, increased EBITDA by 202 percent to TRY 22,4 million and the company’s net profit reached TRY 8,6 million with an increase of 48 percent.

The company which began to Works to create a strong R&D center, commissioned the second welding robot in production in terms of increasing automation. The capacity increase to be achieved through automation and new investments will especially support exports to Europe.

Furkan Katmerci, Vice President of the Executive Board of Katmerciler, remarked that the concrete investment initiatives for defense industry were launched, and added “Our primary objective in the coming period; is to become prominent in national and international competition by making ‘the fastest, best, top quality production’.’’

As the leader and single representative in stock market of vehicle mounted equipment sector, Katmerciler (KATMR), declared its semiannual consolidated financial results of 2015.  Having declared a very successful and strong balance sheet, the company achieved very high increases in important figures including the profitability, continued its healthy and profitable growth trend.
Having increased the consolidated incomes by 50 percent from TRY 91 million to TRY 136,8 million, the company increased its real operating profit by 210 percent from TRY 6,9 million to TRY 21,6 million compared to the same period last year.
While the company’s depreciation and pre-tax profit (EBITDA) increased by 202 percent from TRY 7,4 million to TRY 22,4 million, its gross profit also increased by 135 percent from TRY 14 million to TRY 29,8 million. Having made TRY 5,8 million net profit in the last six-month period, the company  increased its net profit in the same period this year by 48 percent to TRY 8,6 million.
Having 22 percent gross profit margin in the semiannual period, the company’s gross profit margin was 15 percent in the same period last year. The EBITDA ratio of the Company was 16 percent in the first semiannual period.
Bringing down the open position appeared in the previous period balance sheets due to the impact of the international economic crisis on the Exchange rate, the company made 27 million dollars of export as the export leader of industry.  

Katmerci: “Our goal is the fastest, best, top quality production.”

In his statement on 2015 semiannual financial results, Furkan Katmerci, Vice President of the Executive Board of Katmerciler, remarked that they have minimized the impacts of the financial pressure brought about by rapid increase in the exchange rate in 2013 depending on the international economic crisis and added “We declared a successful and strong balance sheet. We are pleased having declared a balance sheet responding to the expectations of our investors and shareholders.‘’
Katmerci emphasized that a healthy structure at every stage from the financial structure to the production process for company and the sustainability in profitability is more important than declaring a good balance sheet, and remarked that they substantially achieved their goal.
Katmerci pointed out that their priority target is ‘’To improve the competitiveness in the sector and to become prominent in competition as the company making the fastest, best, top quality production with its wide product range’’ and Katmerci continued to say:
“We are taking important steps towards our structural change and transformation plans. We have already started our works to create the largest and most powerful R&D center of our sector. We have begun to recruit engineers. This center which many engineers will work in, is going to be based on advanced technology, play an important role in the development of high quality products and going to be the future assurance of Katmerciler in a sense. It will increase the competitiveness of our company which is the export leader of our sector, on international scale as well as on national scale. We will implement the partnerships with universities and support the academic researches through our R&D center.”
On the other hand, noting that they have launched the second one after the first welding robot they successfully launched in line with the plans of increasing automation in production, Katmerci said, ‘’Although the steps we take to ensure the transition to automation, the number of employees continuing to increase in line with our investments. The number of our personnel which was 297 at the end of 2014, has reached 353 by the end of June. We will enhance our potential of exports in general and exports to Europe in particular through the increase in automation and the capacity increase to be achieved through new investments.’’

Investments are beginning for the defense industry production line

Noting that they are at the most important stage in the works on access to defense industry which is one of the issues that they focused on at most recently, Furkan Katmerci said, “We are at the final stage in efforts to establish a production line for the defense industry with priority of the armored personnel carrier vehicles”. We can easily express that we will achieve more concrete progress in this regard in the recent time.
Pointing out that Katmerciler which have become a regional brand in the vehicle mounted equipment sector is closely following the international market, Katmerci has announced that the market research in Europe for some specific equipment is continuing. Katmerci’s statement continued as follows:
“We declared a successful balance sheet in the first six months last year. We increased our performance this year. We are pleased having responded to the confidence in us and expectations of our investors and shareholders. I believe that this performance will continue to increase in the period ahead and that we will present ourselves our investors with stronger balance sheet”

SEMIANNUAL FINANCIAL PERFORMANCE SUMMARY OF KATMERCILER (2014-2015)