Koç Holding generated $54.5 billion in revenue in 2023

While Koç Holding generated a total of 54.5 billion US dollars (USD) in consolidated revenue in 2023, it also made 3.7 billion USD in combined investments. The company's combined investments over the last 5 years have reached 11.2 billion USD.

In the statement, Koç Holding CEO Levent Çakıroğlu evaluated the 2023 financial results and stated, "We have left behind a year marked by global recession concerns, ongoing wars in our region, a major disaster that shook our country, and various uncertainties. In this challenging year, we saw the benefits of managing our balance sheets, cash flow, and liquidity with discipline. Thanks to our prudent management, robust business strategies, and the dedicated efforts of our colleagues, we maintained our successful financial performance."

Çakıroğlu emphasized that they continue their investments with determination in line with their confidence in the country and the global vision that carries the Koç Group into the future, noting that they will continue to work to create value for all stakeholders.

Stating that they felt pride and excitement in celebrating the 100th anniversary of the Republic of Turkey, the most valuable legacy of the Great Leader Mustafa Kemal Atatürk, last year, Çakıroğlu said, "As a Republic institution that led the realization of the Republic's vision from an economic perspective, we always carry the responsibility of achieving better. Fortunately, our Group, which will also turn 100 in two years, elevates our Republic not only with its activities in our country but also with its successes around the world."

"WE ARE TAKING STRATEGIC STEPS DOMESTICALLY AND INTERNATIONALLY"

Çakıroğlu noted that Koç Holding is resilient against risks thanks to its balanced portfolio structure and healthy balance sheet, and that as a group with a global growth vision, they are taking strategic steps both domestically and abroad.

Emphasizing that Ford Otosan continues its new vehicle investments as Europe's leading electric commercial vehicle manufacturer and has been Turkey's export champion for eight consecutive years, Çakıroğlu stated, "Within the scope of its total 2 billion euro investment plan, Ford Otosan launched the new Transit Custom at the Yeniköy Plant. Furthermore, it rolled out the new generation Ford Transit Courier and Tourneo Courier from the line at the Craiova Plant in Romania."

Çakıroğlu stated that they launched the Carbon Transformation Program 3 years ago to manage their transition to a low-carbon economy more systematically on the path to their 2050 carbon-neutral goal, and that they are continuing their renewable energy investments rapidly within this scope.

Noting that they attach importance to investments in green hydrogen as it acts as a medium for storing and transporting renewable energy, Çakıroğlu said, "Last year, we announced that Ford Trucks would develop the hydrogen-powered F-MAX as part of the Horizon Europe project. Otokar produced the prototype of its first hydrogen fuel cell bus, the KENT Hydrogen. Tüpraş, which uses hydrogen in its refinery processes, is Turkey's largest hydrogen producer."

News Source: AA