ASELSAN's financial results for the first half of 2021 have been announced. While the gross profit of the company increased by 66% compared to the first half of last year; Earnings Before Interest, Depreciation and Taxes (EBITDA) increased by 49% compared to the same period of the previous year and reached TL 1,9 billion. The EBITDA margin was 27,3%. ASELSAN's net profit increased by 37% compared to the same period of the previous year and reached TL 2,5 billion. The company's equity to assets ratio was 57%. Total balance orders reached the level of US$ 9,2 billion.
In the first half of 2021, we managed to receive new orders of US$ 711 million
Stating that the number of export countries has increased to 71, ASELSAN Chairman and General Manager Prof. Dr. Haluk GÖRGÜN evaluated the company's first half financial results. In the evaluation,
“Both, we received orders to meet critical defense needs in the country; We have accomplished important works both abroad and abroad. The number of countries we export to has increased to 71. ASELSAN will continue to increase its contributions to the Turkish defense industry and to transfer this experience to non-defense areas such as health, energy and financial technologies in the coming period.” said
ASELSAN gears up in nationalization
As ASELSAN; Haluk Görgün stated that they are working with great devotion in order to benefit from the domestic and national opportunities at the highest level in every field, including design, production and logistics support, to increase the competencies of our suppliers, and to contribute to the sustainability of our country's defense industry ecosystem.
“We know that nationalization efforts are of vital importance in this entire process. In the defense industry, we consider it our duty to nationalize all critical components through our domestic companies in order to ensure the full independence of our country and to continue our support to our security forces without slowing down. In the last 3 years, we have managed to nationalize 400 products together with our business partners. By placing an order for these products worth 56 million USD, we ensured that the size of 3 million USD remains in our country, according to the projection for the next 145 years. We are proud of raising our domestic purchase rate, which was 2008% in 38, to over 70%.
We are constantly improving our ecosystem with over 4.000 suppliers. In the first half of 2021, we continued to feed our supplier ecosystem with new orders, and within this framework, we opened an order of 760 million USD. Nearly 70% of these orders were made to our domestic companies. In the first half, we supported our suppliers financially by making payments of more than TL 7 billion. In addition, we continued to add new rings to ASELSAN's strong supplier ecosystem thanks to the protocols we signed in 2021, the cooperation agreement we signed with KOSGEB, and the supplier event we held together with SAHA Istanbul.” made statements.
The company with the highest brand value
According to the list of “100 Most Valuable Turkish Brands” prepared by Brand Finance, ASELSAN became the company that increased its brand value the most. ASELSAN, which was in the 30th place last year, rose 11 steps in the list during the pandemic process and rose to the 19th place. ASELSAN became the leader among the companies operating in the defense industry sector as the company that increased its brand value the most with 66 percent. ASELSAN, which received an AA rating in the brand evaluation last year, has increased its rating to AA+ this year.
Source: defenceturk
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