Otokar climbs up in the ISO 500 list

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Otokar climbs up in the ISO 500 list
Otokar company climbed to the upper ranks in the Top 500 Giant Industrial Enterprises research conducted by the Istanbul Chamber of Industry (ISO) for 53 years.

According to the results of 2020, where the largest companies in Turkey are listed, Otokar climbed nine steps and ranked 83rd.

Otokar announced its turnover as TL 2.9 billion, increasing 20 per cent in line with its production and sales in 2020. The net profit of the company was 618 million TL with an increase of 76 per cent. Focusing on export and promotion activities to become a global brand, Otokar realized an export amount of USD 307 million in 2020. With this amount, the share of exports in turnover reached 75 per cent.

Otokar climbs up in the ISO 500 list

Turkey’s Top 500 Industrial Enterprises survey dates back to as early as the 1960s. The first survey, the “Top 100 Enterprises”, was publicly released in 1968. The scope of the annual survey, which reveals the previous year’s results, was expanded to 300 enterprises in 1978, and to 500 in 1981.

In 1991, the “325 Industrial Enterprises Following the Top 500” survey was published in addition to the “Turkey’s Top 500 Industrial Enterprises” survey. Published under the title of “250 Industrial Enterprises Following the Top 500” between 1992 and 1997, this additional study was widened to cover 500 enterprises in 1998. Thus, data related to Turkey’s Top 1000 Industrial Enterprises have been publicly released every year since 1998.

The “Turkey’s Top 500 Industrial Enterprises” survey is an important reflection on the Turkish economy. And it has been mentioned in numerous theses and academic studies to date.

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