The incredible growth!

The giants’ league underwent its greatest growth since 2006 and expanded by 30.1 percent in real terms. The number of companies which recorded double digit growth rose by 17 percent from 315 to 369. This positive atmosphere amongst the largest companies in Turkey has been reflected in the increase in the number which recorded triple digit growth. The number of companies which grew by over 100 percent was 18 this year, up from 13 last year. It is striking that, despite all of these positive developments, the growth has not been reflected in profitability... Last year, the total profitability rate of the giants’ league rose by 18 percent, whereas this year it was only 7.9 percent. The top three in the Capital500 list were Tüpraş, Petrol Ofisi and Opet Petrolcülük.


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THE NUMBER OF TRIPLE DIGIT GROWTH COMPANIES HAS INCREASED
There was a significant increase this year in the number of companies which recorded double digit growth. Last year, the number of companies which recorded double digit growth stood at 315, while this year it was 369. The companies which recorded record growth made their mark on the “500 Largest Private Companies in Turkey” list. The number of companies which grew by more than 100 percent rose from 13 last year to 18 this year. The number of companies which grew by more than 50 percent rose from 53 last year to 95 this year, The table of companies which recorded the highest increase in turnover is headed by Enerjisa Enerji Üretim, which recorded growth of 416 percent. In addition to the existing resources in the company’s portfolio, the diversification into hydroelectric power, wind power and lignite played an important role in this growth. The commissioning in 2010 of the 930 megawatt capacity natural gas combined cycle power plant in Bandırma contributed to the company’s growth and productivity. Enerjisa Enerji Üretim is followed in the table of companies with the largest increase in turnover by Perfetti Van Melle Gıda with 331.6 percent and Ak-Yün Mensucat with 236 percent.

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THE BAR HAS BEEN RAISED AT EVERY LEVEL
48 new companies entered the Capital500 list this year. 31 of these companies were from İstanbul, 21 companies which had previously been in the list of the second 500 largest companies succeeded in entering the top 500. It is striking that 12 of them are from Anatolia. There was a significant increase in the threshold for inclusion in the giants’ club. Last year, turnover of $120.2 million was enough for entry into the Capital500 league, but this year it rose by 22 percent to $146.1 million. The bar has risen in each of the last three years...~
Last year, turnover of TL 9.39 billion was required to enter the top five in the Capital500 rankings, rising by 25.6 percent this year to TL 11.8 billion. There was a major increase in the threshold for entry into the top three. This year, turnover of TL 14.9 billion was necessary to enter the top three, up 37 percent on TL 10.8 billion last year. Last year, there were 94 companies which had turnover of more than TL 1 billion. It is striking that this year 123 companies on the list had turnover of more than TL 1 billion. Last year, only four companies at the top of the list recorded turnover of more than TL 10 billion, whereas this year the figure was seven.

THE INDICATORS ARE POSITIVE
The decline in profitability for the Capital500 companies as a whole did not have a major impact on the companies in the highest ranks of the list. This year, Turk Telekom announced profits of TL 2,609,099,000, making it the most profitable company in the Capital500 list. Türk Telekom was followed, in order, by Turkcell with TL 1,626,071,000 and Tüpraş with TL 1,542,183,000. Except for Tüpraş, both Turkcell and Türk Telekom experienced a decline in profits. There were positive signs in the other indicators for the list as a whole. Only 22 of the companies on the Capital500 list contracted. 95 companies recorded growth of over 50 percent. 12 large companies had exports of over $1 billion. 35 companies recorded triple digit growth in exports, which is an important indicator that the performance was better than last year. Coming to the leading three in the “500 Largest Companies in Turkey” list... Tüpraş, Petrol Ofisi and Türk Telekom had shared the top three positions in the list for the last two years. There was no change this year in the top two. However, Opet Petrolcülük recorded a significant advance this year to rank third overall. This success was largely based on the momentum the company has achieved in the energy sector.