The company's performance in 2023 showed a positive divergence despite the contraction in the Turkish iron and steel industry and the decline in export volume. The basis of this success lies in Kocaer Çelik's strong corporate structure and the growth strategy it implements.
Despite the 32-day production stoppage experienced during the investment process of the Aliağa-A2 factory, Kocaer Çelik's total sales volume in 2023 increased by 5.33% to 15,091 million TL. In the same period, sales revenues increased significantly, enabling profit margins to increase along with effective cost and operational expense management. While gross profit margin increased to 19.6%, EBITDA margin increased to 14.8%. Total net profit increased by 22% compared to the previous year and reached 1,186 million TL.
Despite the challenging conditions in the sector in 2023, Kocaer Çelik realized the net sales projections specified in the Public Offering Price Determination Report by 106%. Expected gross profit and adjusted EBITDA expectations were also successfully met.
Comments
No comment yet.