Migros Ticaret Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Ömer Tort

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	15.8yrs
CEO ownership	n/a
Management average tenure	5.3yrs
Board average tenure	4.3yrs

Recent management updates

Recent updates

CEO

Ömer Tort (50 yo)

15.8yrs

Tenure

Mr. Ömer Özgür Tort serves as the Chief Executive Officer and Managing Director of Migros Ticaret A.S. Mr. Tort has been a General Manager of Migros Ticaret A.S. since August 2008. Mr. Tort served as an In...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ömer Tort	MD, CEO	no data	no data	no data
Ferit Dogan	CFO & Assistant GM	5.3yrs	no data	no data
Mustafa Bartin	Chief Operations Officer	4.3yrs	no data	no data
Kerim Tatlici	Chief Information Officer & Assistant GM	5.3yrs	no data	no data
Mehmet Kasikçi	Director of Industrial Relations & Administrative Affairs	no data	no data	no data
Affan Nomak	Investor Relations & Risk Management Director	no data	no data	no data
Nursema Ekinci	Director of Legal Services	no data	no data	no data
Ahu Alyanak	Director of Corporate Communication	no data	no data	no data
Ekmel Baydur	Chief Marketing Officer	3.3yrs	no data	no data
Cuneyt Taspek	Chief Sales Officer	less than a year	no data	no data
Olcay Nomak	Chief Human Resource Officer & Assistant GM	5.3yrs	no data	no data
Hakan Tuncer	Chief Expansion	9yrs	no data	no data

5.3yrs

Average Tenure

54yo

Average Age

Experienced Management: MGROS's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ömer Tort	MD, CEO	15.8yrs	no data	no data
Mehmet Zorlu	Director	4.3yrs	no data	no data
Tuncay Ozilhan	Non-Executive Chairman	8.8yrs	no data	no data
Kamilhan Yazici	Non-Executive Vice-Chairman	7.1yrs	no data	no data
Baris Tan	Independent Director	2.1yrs	no data	no data
Bekir Agirdir	Independent Board Member	1.3yrs	no data	no data
Rasih Engin Akcakoca	Non-Executive Director	5yrs	no data	no data
Esel Cekin	Director	4.3yrs	no data	no data
Emre Ekmekci	Independent Director	3yrs	no data	no data
Talip Aksoy	Director	no data	no data	no data

4.3yrs

Average Tenure

65.5yo

Average Age

Experienced Board: MGROS's board of directors are considered experienced (4.3 years average tenure).

Migros Ticaret Management

Management criteria checks 2/4

Key information

Recent management updates

Migros Ticaret A.S., Annual General Meeting, Apr 16, 2024

Less than half of directors are independent

Less than half of directors are independent

Recent updates

Upcoming dividend of ₺6.90 per share

Consensus revenue estimates increase by 11%

Migros Ticaret A.S., Annual General Meeting, Apr 16, 2024

Full year 2023 earnings: Revenues exceed analyst expectations

Price target increased by 7.8% to ₺523

Consensus EPS estimates increase by 19%

Now 20% overvalued after recent price rise

Price target increased by 7.2% to ₺445

Price target increased by 12% to ₺357

Consensus EPS estimates increase by 14%

Price target increased by 14% to ₺268

Second quarter 2023 earnings released

Price target increased by 7.9% to ₺246

Price target increased by 8.6% to ₺242

Price target increased by 7.7% to ₺235

Migros Ticaret A.S. to Report Q2, 2023 Results on Aug 02, 2023

Upcoming dividend of ₺2.61 per share at 1.6% yield

First quarter 2023 earnings released: EPS: ₺3.09 (vs ₺0.88 in 1Q 2022)

Consensus revenue estimates increase by 11%

Price target increased by 8.4% to ₺179

Consensus EPS estimates increase by 27%

Full year 2022 earnings released

Price target increased by 8.1% to ₺169

Investor sentiment improves as stock rises 15%

Price target increased by 8.6% to ₺156

Investor sentiment improved over the past week

Migros Ticaret A.S. to Report Q4, 2022 Results on Feb 28, 2023

Consensus forecasts updated

Price target increased to ₺152

Price target increased to ₺144

Less than half of directors are independent

Consensus EPS estimates increase by 45%

Third quarter 2022 earnings: Revenues exceed analyst expectations

Investor sentiment improved over the past week

Price target increased to ₺118

Price target increased to ₺109

Migros Ticaret A.S. to Report Q3, 2022 Results on Nov 03, 2022

Investor sentiment improved over the past week

Consensus forecasts updated

Price target increased to ₺95.57

Consensus forecasts updated

Investor sentiment improved over the past week

Price target increased to ₺73.53

Second quarter 2022 earnings: Revenues exceed analyst expectations

Migros Ticaret A.S. to Report Q2, 2022 Results on Aug 09, 2022

Price target increased to ₺68.17

Consensus revenue estimates increase by 18%

First quarter 2022 earnings: Revenues exceed analyst expectations

Migros Ticaret A.S. to Report Q1, 2022 Results on May 09, 2022

Less than half of directors are independent

Migros Ticaret A.S. (IBSE:MGROS) agreed to acquire an additional 50% stake in Paket Lojistik for approximately TRY 100 million.

Consensus forecasts updated

Investor sentiment improved over the past week

Consensus forecasts updated

Full year 2021 earnings: Revenues exceed analyst expectations

Price target increased to ₺58.68

Consensus forecasts updated

Investor sentiment improved over the past week

Third quarter 2021 earnings released

First quarter 2021 earnings released: EPS ₺0.012 (vs ₺0.75 loss in 1Q 2020)

CITY PLAZA signed an agreement to acquire 99% stake in Ramstore Macedonia DOO for €39.2 million.

Revenue and earnings beat expectations

Migros Ticaret A.S. to Report Q4, 2020 Results on Mar 01, 2021

New 90-day low: ₺39.06

Migros in Talks to Sell Ramstore Macedonia's Owner to Skopje-Based City Plaza

New 90-day high: ₺44.80

Revenue beats expectations, earnings disappoint

New 90-day low: ₺37.46

Analysts update estimates

Migros Ticaret A.S. to Report Q3, 2020 Results on Nov 06, 2020

Price target raised to ₺45.11

First half earnings released