Business deal from Astor Energy worth 501 million dollars in 2023

Following Astor Energy's Public Disclosure Platform (KAP) disclosures, the total amount of announcements related to new business relations in 2023 was reported as USD 501 million 285 thousand 482.

Orders worth 246 million 732 thousand 482 dollars were received from the domestic market, while new business agreements amounting to 254 million 552 thousand 922 dollars were made with foreign customers.

Endorsement goal is close
Olcay Doğan, Assistant General Manager - CFO of ASTOR Enerji A.Ş., expressed the developments regarding the company's 2023 turnover target as follows: "The target we set for our 2023 turnover is 540 million USD. By working on this target throughout the year, we focused on increasing our company's revenue and sustaining growth."

'We have a powerful market share'
Doğan concluded his speech as follows: "The new business relationship announcements made through the Public Disclosure Platform (KAP) cover orders of certain size and characteristics, and not all orders are announced. This chart shows that Astor Energy has a strong customer portfolio and a strong market share in Türkiye and abroad. Our company has made production planning by filling its orders for 2024 as well as 2023.

Although not all of the KAP announcements will be reflected in 2023 revenue, the fullness in the order stock and the uninterrupted R&D-oriented sustainability investments and gradual increases in capacity were the leading indicators that the 2023 revenue target of 540 Million USD would be exceeded.

Sales into 90 countries
The company also continues to enter new markets with new products by reinforcing its strength in existing markets, while continuing its widespread range exceeding 90 countries in the overseas market, which constitutes 51 percent of the KAP statements.

The new business agreement announcements that Astor Energy announced to the public in 2023 included both private and public sector companies doing important work in the energy sector of our country in Türkiye, while new and strengthened business relationships were established with public and private sector companies abroad, especially in countries such as Ukraine, Germany, England, Iraq, Saudi Arabia and Lithuania."