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Karsan Otomotiv A.S. (Turkiye)

Main Activities: Light Truck and Utility Vehicle Manufacturing | Travel Trailer and Camper Manufacturing
Full name: Karsan Otomotiv Sanayii Ve Ticaret Anonim Sirketi Profile Updated: February 21, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Karsan was founded in 1966 in Bursa, Turkey, to produce light commercial vehicles. Nowadays the company produces and sells Peugeot light commercial vehicles under a licensing agreement with the French manufacturer, as well as the Fiat Ducato and its rebadged version the Peugeot Boxer. Karsan produces and sells special vehicles such as ambulances, taxis, patrol vehicles and 4x4s. Karsan also has cooperations with Hyundai for light trucks manufacture, with Renault Trucks for long-distance trailer-trucks and with BredaMenarinibus for bus manufacture.
Karsan's V-1 was one of three finalists, alongside the Ford Transit Connect and Nissan NV200, for New York City's Taxi of Tomorrow. The Nissan NV200 was announced the winning model on May 3, 2011. At the end of 2010, the J9 Premier minibus was replaced with the new Karsan J10, available in three body versions- with 14, 17 or 20 seats, and powered by a Euro 4 common rail 2,3 liter diesel engine of Iveco origin.

Headquarters
Hasanaga Organized Industrial Zone Hosab Industial Street, Nilufer
Bursa; Marmara; Postal Code: 16280

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Website: http://www.karsan.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
August 27, 1966
Key Executives
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Chairman
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Chief Executive Officer
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Vice Chairman
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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Subsidiaries
Hervouet Corporate Industry (Hci)
Hervouet Corporate Lease (Hcl)
Karsan Europe S.R.L
Company Performance
Financial values in the chart are available after Karsan Otomotiv A.S. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency TRY. Absolute financial data is included in the purchased report.
Net sales revenue
121.36%
Total operating revenue
104.26%
Operating profit (EBIT)
102.25%
EBITDA
99.47%
Net Profit (Loss) for the Period
-93.28%
Total assets
41.1%
Total equity
32.27%
Operating Profit Margin (ROS)
-1.69%
Net Profit Margin
-2.03%
Return on Equity (ROE)
-1.94%
Debt to Equity Ratio
20.72%
Quick Ratio
-0.05%
Cash Ratio
0.03%

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