🔴 Ülker is trading 5.1% down today after EBITDA margin fell to 10.4%

Ülker is trading at TRY 92.80, down 5.06%, after Q2 revenue fell 11.4% year over year to TRY 27.0 billion.

• Investors appear focused on profitability deterioration: EBITDA fell 37.1% to TRY 2.8 billion, and the EBITDA margin contracted to 10.4% from 14.6%.
• Net income rose 45.5% to TRY 1.4 billion.
• Turkish equities weakened modestly, while consumer staples faced pressure after Walmart’s disappointing outlook.