ASELSAN’s turnover in 2022 grew by 75% and reached 35.3 billion TL

ASELSAN’s financial results for 2022 have been announced. Accordingly, ASELSAN’s annual turnover increased by 75% compared to the same period of the previous year and reached 35.3 billion TL. ASELSAN continued its sustainable and strong growth this year as well.

While the gross profit of the company increased by 77% compared to the same period of the previous year; Earnings Before Interest, Depreciation and Taxes (EBITDA) increased by 72% compared to the same period of the previous year and reached 9.5 billion TL. With an EBITDA margin of 27%, ASELSAN’s net profit increased by 67% compared to the same period of the previous year and reached TL 11.9 billion. The company’s equity to assets ratio was 52%.

ASELSAN Chairman of the Board and General Manager Prof. Dr. Haluk Görgün evaluated the year-end financial results of the company as follows:

“In 2022, as ASELSAN, we represented our country in the national and international arena and presented our high-tech projects that we produced with our domestic and national strength to our users both in our country and in the global arena. Our revenue, which increased by 75% in 2022, reached 35.3 billion TL. As we leave behind another successful year, we will continue to work with all our strength for a strong and independent Turkey.

In 2022, we paid approximately 23.4 billion TL to our suppliers by meeting 70 percent of our purchases domestically. In 2022, we successfully completed the nationalization process of 160 different products. Thus, by increasing the number of products we have nationalized in the last 3 years to approximately 670, we have ensured that a size close to 500 million USD remains in our country.

In 2022, we exported ASELSAN products to 3 new countries where no sales have been made so far. The number of countries that we have been our users in the last 4 years has reached 81 with the addition of 18 new countries. Our 50 different products, which have never been sold abroad before, were presented to the international arena with foreign sales contracts signed in the last 4 years. Our overseas balance order has reached the level of 1 billion dollars.

We Stand With Our People In The Earthquake

After the earthquake in Kahramanmaraş on February 6, 2023, which affected 11 cities at once, we quickly established the 600-bed tent city and ASELSAN Disaster and Logistics Center in Hatay. We ensured the coordination of our activities in all cities affected by the disaster, especially in Hatay and Kahramanmaraş, with the ASELSAN Crisis Desk, which we created in the first hours of the earthquake. From the first day, we delivered tons of food, medicine and clothing collected at the centers established in the ASELSAN campuses to the earthquake victims.

We quickly delivered ASELSAN products such as communication devices and systems, thermal cameras, solar-powered camera systems, collar cameras, respirators for search and rescue teams of state institutions working in the earthquake zone.

As part of the aid campaign launched under the coordination of ASİL (ASELSAN Social Innovation Leaders) Association, we set up more than 85 tents on an area of 13 thousand square meters in Hatay, one of the provinces most affected by the earthquakes in Kahramanmaraş, which is described as the disaster of the century. All the needs of our guests, guided by AFAD, from health to education, continue to be met.

Our ASİL Association contributed 10 million TL to the Turkey One Heart campaign with the donations collected with the contributions of our employees and suppliers.

We Continued to Add Value to Our Country’s Goals

Together with our nearly ten thousand employees and one hundred strategic partners, we continued to expand our operations. President of the Presidency of Defense Industry Prof. Dr. With the ceremony attended by İsmail Demir, the Presidency of Defense Industries, the Ministry of National Defense, and the Land Forces Command, we were proud to have realized the first mass production delivery in the modernization of Armored Combat Vehicles.

We develop and produce the world’s most advanced Unmanned Marine Vehicles (IDA) technologies for our country. We are determined to make our country a game changer in the IDA field, where the highest technologies are used. The technological protectors of Mavi Vatan, especially the MARLIN İDA and Albatros-S İDA Herd Projects developed by ASELSAN, will continue to develop.

We also continue to work for our unmanned aerial vehicles. We have successfully completed the ASELSAN LGK shooting test conducted by Bayraktar AKINCI TİHA with the ASELSAN CATS camera system. Previously, the target was successfully hit with TOLUN (Guided Miniature Bomb), a product of ASELSAN engineering, with a shot from the AKINCI platform.

On the other hand, the test firing of the SİPER Long-Range Region Air and Missile Defense System was successfully carried out at the Sinop Test Center in cooperation with ASELSAN-ROKETSAN. SİPER is of great importance in terms of meeting the layered air defense needs of our country with domestic resources.

We Continue to Develop New Technologies in the Civil Field

We meet the needs of our country in the civilian as well as in the military fields and continue our work without stopping.

Another great service in the field of transportation, including ASELSAN, Mr.

Our company was brought to life with the support of Recep Tayyip Erdoğan. Our President recently inaugurated Turkey’s fastest metro, the Istanbul Airport Metro. In this proud project, we developed and put into use ASELSAN COBALT, the signaling system of the metro line, as a result of our national engineering power and our cooperation with the Ministry of Transport and Infrastructure. We will continue to take part in such valuable projects where we demonstrate our competence in the civil field and to work for our country.

With the Heart-Lung Machine Project we developed, we were deemed worthy of the International Design Award-Silver in the product design category of the International Design Award Competition. With the strength we derive from here, we will continue to demonstrate our competencies in the civil field in the international arena.

Sustainability Continues to Be Our Priority

Our Zero Waste practice, which we implemented to add value to the future, was appreciated once again. As ASELSAN, we were deemed worthy of the Zero Waste Best Practice Award at the Third International Zero Waste Summit and Award Ceremony within the scope of the Zero Waste Project organized by the Ministry of Environment, Urbanization and Climate Change.

In addition, ASELSAN, which focuses on climate change and environmental studies while achieving the best quality in all its activities, continues its improvement practices by analyzing the emissions arising from its activities. In this context, ASELSAN has decided to establish a Solar Power Plant that can generate the electricity it consumes from renewable sources. The power plant, which is planned to have a total DC capacity of 75 MW, will use 250 kW ASELSAN PULSAR series inverters, which ASELSAN has produced with national resources and will put on the market this year, and the operation of the power plant will be provided by ASELSAN.

In summary, as ASELSAN, we have closed the year 2022 with our sustainable growth and strong balance sheet. In 2022, as the ASELSAN family, we worked tirelessly to fulfill our responsibility. In 2023, we will continue to represent our country in line with our goal of full independence and move it forward. I would like to thank our President, our Presidency of Defense Industries, my valuable ASELSAN family and all our stakeholders.”

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