ASELSAN Records Impressive ₺7.4 Billion Net Profit in 2023

ASELSAN made a net profit of ₺7.4 billion in 2023.

In the statement made by ASELSAN, the company’s 2023 financial results with inflation accounting applied were shared.

Accordingly, the company’s annual turnover grew by 10% last year compared to 2022, reaching ₺73.6 billion. While ASELSAN’s gross profit increased by 13% in the same period, its Earnings Before Interest, Depreciation and Tax (EBITDA) increased by 14%, reaching ₺16 billion.

ASELSAN’s EBITDA margin was 22%, and its net profit last year was ₺7.4 billion.

The ratio of the company’s equity capital to assets was announced as 59%.

ASELSAN General Manager Ahmet Akyol, whose views were included in the statement, stated that they left their mark on 2023, the symbol of the Turkish Century.

Akyol said:

“As ASELSAN, we became one of the institutions that completed the year 2023 most successfully. We brought many new and critical technologies to Turkiye and our army. CENK, AKREP and ALPER radars, YENER Mine Detection System, ASELFLIR-400 Camera, Gozde Guidance Kit, Gokdeniz 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. 2023 is the year in which 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 SIPER, our first over-the-horizon sonar DUFAS, our first AESA aircraft nose radar, our guided munition TOLUN, and our autonomous underwater vehicle DERINGOZ.”

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 of orders we received in 2023, our company’s remaining orders at the end of 2023 reached $11 billion, which is a historical record level. We exported to 4 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 signed a new export contract worth $601 million”

Stating that they achieved a historical success by signing a new export contract worth $601 million last year, Akyol stated that they equipped many platforms, which are a source of pride for Turkiye and exported abroad, with ASELSAN technologies.

Akyol said, “With these technologies, we strengthen the power of our brand platforms such as ATAK, HURKUS, Bayraktar TB2, Anka, MILGEM, Ejder Yalcin, Kirpi. In 2023, we rose to the 47th place among the world’s largest defense industry companies.”

Stating that they are among the companies that spend the most on R&D in Turkiye, Akyol noted that the number of employees exceeding 10,500 in 2023, the majority of which are engineers, is another development that shows the level ASELSAN has reached.

Stating that ASELSAN constantly increases its investments to develop and produce high technology, Akyol concluded his words as follows:

“Last year, the Advanced Material Facility, Guidance Kit Integration and Production Facility and Electronic Warfare Production and Integration Facility became operational.

We have initiated 4 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 Turkiye 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 Turkish Century and one of the most valuable stakeholders of our National Technology Move. In 2024, we will make the best products in our field, offer firsts to the world and continue our export-oriented growth strategy.”

Source: AA / Prepared by Irem Yildiz

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