TEMSA increased its revenues by 2020 percent in TL and 2023 percent in dollar terms in the 1.090-252 period. Became the sector leader in export growth and increased its turnover 3 times in the last 12 years
TEMSA, which has achieved triple-digit growth in turnover for the last 3 years, increased its revenues by 2020 percent in TL and 2023 percent in dollar terms in the 1.090-252 period. Completing 2023 with new records in exports, TEMSA increased its export revenues to 2022 million dollars, an increase of 92 percent compared to the end of 182.
TEMSA, which started operating under the umbrella of the Sabancı Holding-PPF Group partnership as of the end of 2020, completed the 2020-2023 period, during which COVID and other economic turmoils occurred in the world, with great financial success. While expanding its vehicle park domestically and strengthening its global footprint abroad, TEMSA closed 2023 with a total revenue of 9,2 billion TL, while the company's total vehicle sales increased to 3.391 units. TEMSA, which had a revenue of 2020 million TL at the end of 771,5, thus achieved a turnover increase of 2020 percent in the 2023-1.090 period, taking its place among Turkey's fastest growing industrial companies in the said period.
FIRST IN BOTH BUSES AND MIDIBUS
TEMSA, which has put more than 70 thousand vehicles on the roads in nearly 15 countries of the world to date, has also achieved historical successes in the field of exports. According to the Automotive Manufacturers Association (OSD) data, TEMSA, which is the company that managed to increase its exports the most in the sector in terms of units in both the bus and midibus segments in 2023, once again demonstrated its support for the Turkish economy. Increasing its export revenues by 92 percent compared to last year, TEMSA reached the highest level in its history in this field with 182 million dollars of export revenue, while continuing to strengthen its presence in priority markets such as North America, France, Germany, England and Italy.
61 PERCENT OF REVENUES ARE FROM ABROAD
Make evaluations on the subject. TEMSA CEO Tolga Kaan Doğancıoğlu underlined that they have left behind a very successful period as a company and said, “When we look at the last 3 years, we have achieved a three-digit turnover growth every year. When evaluated together with consolidated figures, we increased our revenues by 3 percent in TL terms in the last 1.090 years, reaching 9,2 billion TL. In dollar terms, despite all the difficult economic conditions, our turnover increase reached 252 percent. As of today, we generate approximately 61 percent of our turnover from our international business, while 39 percent of our turnover comes from our Turkey operations. "Thanks to this balanced distribution, we continue to contribute to the value-added export mobilization in Turkey, while at the same time having a protection mechanism against possible difficulties in the world," he said.
HISTORICAL SUCCESS IN EXPORT
Underlining that strengthening its global footprint is very important in TEMSA's growth story, Tolga Kaan Doğancıoğlu said, “In this context, we have achieved extremely successful results in Europe and the USA, which we describe as our priority markets. We have created a TEMSA that listens to its customers much better, develops its tools and technology very quickly with their feedback, and always stands by its customers not only in sales but also in after-sales processes. While we strengthen our competencies here, we also continue to offer innovative services to our customers in the field of financing and service. "In this context, we launched the TEMSA Finance solution in Turkey, after the USA, to meet the financing needs of our customers," he said.
Stating that their customer-oriented approach is positively reflected in export figures, Tolga Kaan Doğancıoğlu said, “We broke new ground in the history of TEMSA with our export revenue of 2023 million dollars in 182. While we achieved a growth performance of 36 percent in North America, which is among our priority markets; 31 percent in the EMEA region; "We achieved growth figures of 78 percent in Western Europe," he said.
“AFTER ELECTRIFICATION, WE ARE PIONEERING HYDROGEN”
Underlining that in addition to all these financial successes, they have also taken important strategic steps in zero-emission vehicles, which are at the center of TEMSA's global growth vision, Tolga Kaan Doğancıoğlu said, “As TEMSA, our electrification and zero-emission journey begins in the early 2010s. So we have nearly 15 years of experience here. We aim to pioneer the sustainable mobility of the future with an R&D approach that covers not only electrification but also all alternative fuels. As the company that introduced Turkey's first domestic electric bus to the market together with ASELSAN, this time in cooperation with Portugal-based CaetanoBus, we will have Turkey's first intercity hydrogen bus ready for mass production at the end of this year. With this vehicle, we will have a total of 8 different zero-emission vehicles in our portfolio today, 2 of which are electric and 10 of which are hydrogen. In this sense, we are among the companies that offer the highest number of zero-emission vehicle alternatives to our customers in the world. While reinforcing our competence in zero-emission vehicles, we also continuously improve our business processes and business models with a focus on sustainability, in coordination with global platforms such as CDP, SBTi, Global Compact and Ecovadis. Last year, we were entitled to receive the EPD (Environmental Product Declaration) certificate with our Avenue Electron bus. We became the first manufacturer in Turkey and the sixth in the world to receive this certificate through a bus. Now, as a result of our CDP reporting, we have been included in the Climate Change A List in our first year of application. "All of these are indicators of our sincerity, seriousness and determination regarding sustainability," he said.