Borusan Birleşik Boru Boosts Growth Outlook with $360M US Order

Borusan Birleşik Boru has secured $360 million in new sales orders through its U.S. subsidiary Borusan Berg Pipe, markedly strengthening its long‑term revenue outlook.

Deepening Footprint in the U.S. Market

■Borusan Berg Pipe clinched sizable contracts from multiple U.S. customers after intensive commercial negotiations.

■The new orders solidify the group's presence in North America, diversifying regional revenue streams.

Production & Delivery Timeline (2027‑2028)

■Approximately 70% of the orders are slated for production and shipment in 2027.

■The remaining 30% will be delivered in 2028, feeding into consolidated earnings.

■Updated production and shipping schedules are expected to lift the contribution of the existing order book to 2028 consolidated revenue.

Financial Impact & Revenue Projection

■The new orders are projected to exert a positive pressure on consolidated earnings throughout 2027‑2028.

■The inflow offers the potential to improve EBITDA margins and strengthen cash flow.

■As noted in the KAP disclosure, project progress and commercial condition variability could affect earnings forecasts.

Risk Considerations & Watch‑Points

■Project execution speed and supply‑chain disruptions could jeopardize delivery timelines.

■Currency fluctuations may impact the USD‑denominated revenue when translated to TRY.

■Potential shifts in U.S. regulatory and trade policies could raise operational costs.

Ozan Tekin – The fresh U.S. orders provide a solid catalyst for Borusan Birleşik Boru’s long‑term value creation narrative. Nonetheless, extended delivery windows and FX exposure may introduce short‑term price volatility. Portfolio managers should monitor the earnings contribution and margin uplift closely, crafting a balanced acquisition stance that mitigates the identified risks.