Koç Holding announced its Q2 financial results

Koç Holding reported consolidated revenues of USD 30.8 billion for the first half of 2024, accompanied by combined investments of approximately USD 1.9 billion. These investments bring the company's total combined investments over the past five years to USD 12.3 billion.

09.08.2024 - 09:30

Koç Holding announced its Q2 financial results

Koç Holding's CEO Levent Çakıroğlu, commenting on the company's first-half 2024 financial results, stated, “As Koç Group, we have continued our work with dedication despite the challenging economic conditions experienced globally and in Türkiye during the first half of 2024. Thanks to our long-term, robust business strategies and the efforts of our colleagues, our Group, founded in 1926, is confidently advancing into its second century. We are maintaining a disciplined approach to managing our balance sheets, cash flow, and liquidity, while continuing our investments with unwavering confidence in Türkiye's future.”

“In line with our global growth vision, we are making strategic moves that will prepare our Group for the competition of the next century and enhance our international competitiveness, expanding our geographical footprint,” Çakıroğlu continued, emphasizing that Koç Group operates in 58 countries outside Türkiye with 128 production facilities and marketing companies, 58 languages spoken in its offices, and transactions conducted in 43 different currencies.

Levent Çakıroğlu: "Our Group companies are making a significant contribution to the Turkish economy through their exports to over 155 countries."

Koç Group CEO Levent Çakıroğlu emphasized the export success of Koç Group, saying, "As Koç Group, we account for approximately 7% of Türkiye's total exports. Our Group companies are making a significant contribution to the Turkish economy through their exports to over 155 countries. We are proud that our Group companies have once again ranked among the top in the Türkiye's Top 1000 Exporters survey conducted by the Turkish Exporters Assembly, a testament to these achievements. In the category of goods exports, Ford Otosan was named 'Export Champion', while Tüpraş came in fourth and Arçelik eighth. Meanwhile, in the Türkiye's Top 500 Industrial Enterprises survey, prepared by the Istanbul Chamber of Industry (İSO) and identifying Türkiye's industrial giants, Tüpraş maintained its first-place position, while Ford Otosan came in second and Arçelik seventh. We will continue working, producing, and creating value for our country with unwavering commitment."

Levent Çakıroğlu: "We have published our 2023 Sustainability Report."

Levent Çakıroğlu stated that, as Koç Group, they have always embraced a business philosophy that goes beyond financial performance to create value for all stakeholders. He continued, "We have published our 2023 Sustainability Report, which highlights our Group's environmental and social sustainability achievements in 2023 and shares our performance toward our 2050 carbon neutrality target. We are steadily moving towards our 2050 carbon neutrality goal through the Koç Holding Carbon Transformation Program. As of the end of 2023, we have reduced carbon emissions from our operations by 14% compared to 2017." Çakıroğlu added that technology and innovation play a critical role in Koç Holding's journey toward its carbon neutrality target, particularly in implementing innovative practices for more effective water resource management.