ASELSAN increased its annual turnover by 10 percent
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While the company’s gross profit increased by 13 percent compared to the same period last year; Earnings Before Interest, Depreciation and Tax (EBITDA) increased by 14 percent compared to the same period last year, reaching 16 billion TL. ASELSAN’s net profit reached 7.4 billion TL, with an EBITDA margin of 22 percent. The ratio of the company’s equity capital to assets was 59 percent.
ASELSAN General Manager Ahmet Akyol evaluated the company’s year-end financial results as follows:
“We left our mark on 2023, the symbol of the Türkiye Century. As ASELSAN, we became one of the institutions that completed 2023 most successfully. We have introduced many new and critical technologies to our country and our army.
CENK, AKREP and ALPER Radars, YENER Mine Detection System, ASELFLIR-400 Camera, Gözde Guidance Kit, Gökdeniz Air Defense System, ODAKAN camera family are just some of our products that will enter the inventory for the first time in 2023. We are in the final stages of many products that we think will play a game-changing role. In 2023, we have made significant progress and achieved success in our products such as the world’s best camera ASELFLIR-500, our country’s first long-range air defense system SİPER, our first over-the-horizon sonar DÜFAS, our first AESA aircraft nose radar, our guided munition TOLUN, and our autonomous underwater vehicle DERİNGÖZ. It’s been a year. We have successfully completed the testing phases of many of these products, and have started mass production for some of them.
As ASELSAN, we continue to work with all our strength for our country, produce technology and strive to always go further. With the 5 Billion USD orders we received in 2023, our Company’s balance orders at the end of 2023 reached 11 Billion USD, which is a historical record level.
2023 was a year in which ASELSAN achieved significant success in exports. We exported to four countries for the first time. We exported more than 20 products for the first time. We have proven ASELSAN’s competence in this field, especially with the tank modernization tender we won in Chile, on the other side of the world. In 2023, we achieved a historical success by signing a new export contract worth 601 million dollars.
We have equipped many platforms, which are a source of pride for Turkey and exported abroad, with ASELSAN technologies. “With these technologies, we strengthen the power of our brand platforms such as ATAK, Hürkuş, Bayraktar TB2, Anka, MİLGEM, Ejder Yalçın, Kirpi.”
Emphasizing that they rose to the 47th place among the world’s largest defense industry companies in 2023, Akyol said, “We took the lead among the companies that spent the most on R&D in Turkey. In 2023, the number of our employees will exceed 10,500, the majority of which are engineers.” There was another development that showed the level ASELSAN has reached.
ASELSAN constantly increases its investments to develop and produce high technology. Last year, the Advanced Materials Facility, Guidance Kit Integration and Production Facility and Electronic Warfare Production and Integration Facility became operational. We have initiated four more important and major investments in FLIR camera systems, air defense systems, microelectronics and AESA radar fields.
Our successes motivate us to do more in the Turkish Century. We have managed to serve our country for nearly half a century with reliable technologies. With the technologies we will develop, we will continue to be one of the most important actors of the Turkey Century and one of the most valuable stakeholders of our National Technology Move. “In 2024, we will produce the best products in our field, offer firsts to the world and continue our export-oriented growth strategy,” he said.
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