Erdemir targets USD 61.60 million gain: HSBC holds TRY 41.00 for Erdemir stock

Published on 10/14/2026 at 02:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Completed projects delivered USD 39.70 million annual impact on October 13, 2026. Results due October 22, 2026 give Erdemir stock a key test.

Efficiency projects and reporting date

Erdemir and ?sdemir reached USD 39.70 million in annual financial impact on October 13, 2026.
Second-quarter 2026 revenue reached TRY 64.88 billion and net income reached TRY 8.55 billion.
Erdemir will publish its next earnings report on October 22, 2026.

Erdemir, TRAEREGL91G3, Illustration mit AI erstellt.

Erdemir (ISIN TRAEREGL91G3) is targeting USD 61.60 million in annual efficiency gains, while HSBC held a Hold view with a TRY 41.00 target for Erdemir stock on August 10, 2026. The target is built on USD 39.70 million in annual financial impact already achieved by October 13, 2026.

Efficiency gains reach USD 39.70 million

According to Gazete Rize on October 13, 2026, Erdemir and ?sdemir generated USD 39.70 million in annual financial impact through completed operational excellence projects. Ongoing projects could lift the annual target to USD 61.60 million by the end of 2026.

The projects cover alloy design, raw-material use, rolling speed and maintenance. Production improvements contributed USD 36.00 million, while employee suggestions and continuous-improvement work added USD 3.70 million.

What do the latest results show?

In the second quarter of 2026, revenue rose 57.00 percent year over year to TRY 64.88 billion, while net income increased 554.00 percent to TRY 8.55 billion. The net-income figure included support from deferred tax income.

Rota Borsa reported on September 25, 2026 that second-quarter sales volume increased 20.00 percent year over year to 2.12 million tons and earnings before interest, taxes, depreciation and amortization rose 59.00 percent to TRY 6.58 billion. Capacity utilization reached 95.00 percent in the first half of 2026, compared with 85.00 percent in 2025.

Upcoming reporting date

Investing.com lists October 22, 2026 as Erdemir's next earnings date. Its page also records HSBC's August 10, 2026 Hold rating and TRY 41.00 target, giving the efficiency program a near-term results checkpoint.

Stock valuation and market setting

Erdemir was last quoted at TRY 37.26 on Borsa Istanbul on October 13, 2026 at 6:09 p.m. TRT. Its 52-week range was TRY 23.46 to TRY 45.10, and its market capitalization was TRY 250.5 billion at that market-data timestamp.

The central investor question is whether the USD 61.60 million target becomes visible in margins and cash generation. The second-quarter figures show stronger sales and net income, but the same period also carried TRY 2.29 billion in net finance expense and a higher net debt position, according to Rota Borsa.