Last 15.85 TRY
Change Today +0.05 / 0.32%
Volume 209.4K
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As of 10:36 AM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

tofas turk otomobil fabrika (TOASO) Snapshot

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12/1/14 - 16.35
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02/4/14 - 9.90
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tofas turk otomobil fabrika (TOASO) Details

Tofas Türk Otomobil Fabrikasi A.S. manufactures, exports, and sells passenger cars and light commercial vehicles in Turkey and internationally. It manufactures and trades automotive spare parts for use in automobiles; and provides consumer financing services. The company offers its products under the Fiat, Alfa Romeo, Lancia, and Jeep brands. Tofas Türk Otomobil Fabrikasi A.S. was founded in 1968 and is headquartered in Istanbul, Turkey.

6,315 Employees
Last Reported Date: 10/30/14
Founded in 1968

tofas turk otomobil fabrika (TOASO) Top Compensated Officers

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tofas turk otomobil fabrika (TOASO) Key Developments

Tofas Secures EUR 55 Million Loan from European Investment Bank

Tofas, has signed a EUR 55 million (USD 68 million) loan agreement with the European Investment Bank (EIB) for research, development and innovation (RDI) activities. The loan to Tofas will finance the development and implementation of technologies designed to enhance fuel efficiency and safety characteristics of vehicles. The RDI activities will take place at Tofas's centre in Bursa, Turkey.

Tofas Expands its Investment Programme and to Spend Total of USD 1 Billion

Tofas has announced that it will expand its investment programme and spend a total of USD 1 billion to produce three new cars in Turkey, mainly destined for export. The automaker, however, chose not to disclose details of the models, which will be a hatchback, a sedan, and a station wagon (estate). The company has announced plans to build a new hatchback and station wagon - raising total production to 700,000 units cumulatively - by increasing total investment to USD 1 billion. The hatchback is rumoured to be replacing the Bravo, and the sedan variant will replace the Linea that is currently sold in Turkey and Central and Eastern Europe.

Tofas Turk Otomobil Fabrikasi Reports Consolidated Earnings and Operating Results for the Nine Months Ended September 2014; Provides Operating Guidance for the Full Year of 2014

Tofas Turk Otomobil Fabrikasi reported that its consolidated net profit rose 23.5% to TRY 395.7 million ($176.4 million/€141.1 million) in the first nine months of 2014. Operating profit increased 19% to TRY 342.7 million in the review period. Consolidated revenue edged up by 0.6% to TRY 5.18 billion. Sales abroad rose 7.8% to TRY 3.22 billion through September, domestic sales decreased 8.0% to TRY 1.92 billion and other income from operating activities dropped 45% to TRY 41 million through September. Consolidated domestic sales volume dropped 27.2% to 58,585 units, while exports decreased 13.2% to 105,335 units in the period under review. Production volume declined 15.7% to 156,203 units. The company said it targets full-year domestic sales volume of 90,000 to 95,000 units, export sales volume of 140,000-150,000 units and capital expenditures of €300 million. The company expects the local light commercial vehicle market volume to be in the 700,000-720,000 unit range in 2014.


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Valuation TOASO Industry Range
Price/Earnings 15.3x
Price/Sales 1.1x
Price/Book 3.9x
Price/Cash Flow 15.3x
TEV/Sales 0.4x

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