Kocaer Çelik, one of the leading companies in Turkey and Europe, which carries out steel profile manufacturing, service center and galvanized coating operations in an integrated structure, announced its financial results for the first quarter of 2023. Despite the 21.5% annual contraction in crude steel production and 49% decrease in export volume in the first quarter of the year, the company's total net sales revenues increased by 42% y-o-y to TL 2.67 billion. Offering innovative products and services that create added value for its customers, Kocaer Çelik increased its domestic sales revenues by 97% and international sales revenues by 27% compared to the first quarter of last year. With both the increase in sales revenues and the sharp decrease in financing expenses, the company increased its total net profit by 114% in the first quarter of 2023 compared to the same period last year, from TL 83.3 million to TL 178.1 million.
"We continue our growth despite the negative outlook in the world"
Commenting on the financial results, Hakan Kocaer, Chairman of the Board of Directors of Kocaer Çelik, said, "Our industry, which had a very difficult year globally in 2022 due to supply problems, high energy costs and regional conflicts, could not fully show the expected recovery in the first quarter of 2023. In our country, crude steel production in the first quarter decreased significantly in the same period due to both the weak course in global markets and the earthquake disaster that plunged our country into mourning. Despite this negative outlook, we closed the year 2022 with strong growth. Thanks to our focus on special products that are difficult and limited to produce in the world and our strong distribution channel, we successfully completed the first quarter of the year in line with our expectations. We will further increase our global competitiveness and exports with the completion of our investments to increase the share of value-added products in all our sales and our renewable energy investments."
Delivering its value-added products to 140 countries on six continents
The industrial journey that started 60 years ago in Denizli continues today with 3 Steel Profile Factories with a capacity of 800,000 tons/year, a Galvanizing Factory with a capacity of 100,000 tons/year, a Steel Service Center with a capacity of 120,000 tons/year and a renewable energy production facility (GES) with a capacity of 15 million kWh/year on a total area of 280,000 m2 in Aliağa, İzmir. Producing value-added products with nearly 60 different chemical compositions and over 12 thousand different types, sizes and thicknesses, Kocaer Çelik offers customized products in high quality and ready for end-use according to the different demands and needs of its customers in the structural steels, transportation, machinery manufacturing, agriculture, shipbuilding and defense industries, especially in the energy transmission line steels, solar energy steels and mining sectors. Kocaer Steel, which has been the Aegean Region Export Champion in the Iron and Steel sector for the last five years, delivers its value-added products from its warehouses in the United Kingdom to its overseas customers as soon as possible through its distribution channels Kocaer Steel UK and Kocaer Steel Ireland. The company reaches 140 countries in six continents through its foreign sales representatives in America, Italy, Israel, Peru, Colombia and Morocco.
It will meet all of its energy needs from clean and renewable sources
Kocaer Çelik aims to leave a more livable world for the future with its philosophy of respect for people and nature, and sets an example for its sector with its sustainability perspective and efforts. Having one of the largest rooftop Solar Power Plant in the Aegean Region, Kocaer Çelik meets 33% of the electricity it consumes from renewable energy produced by itself with its SPP with a power of 15 million kWh. By the end of 2023, Kocaer Çelik continues its efforts in renewable energy resources at full speed in line with its goal of meeting its energy needs in production entirely from clean and renewable sources. In this way, while preventing 17 thousand tons of carbon emissions annually, it aims to provide environmental benefits equivalent to planting over 322 thousand trees.
Leading brand in the sector in sustainability
Continuing its efforts in the field of sustainable production without slowing down and playing a leading role in the sector, Kocaer Çelik crowns this success with the certificates it has received on international platforms. Kocaer Çelik was the first company in the Iron and Steel sector to receive the highest level Gold certificate, which was audited by the independent auditor organization Bureau Veritas in 12 different categories including environment, energy, greenhouse gas, water, occupational health and safety management, in partnership with the Sustainability Academy. The company was also awarded the LEED Gold certificate by the US Green Building Council (USGBC) for its Galvanizing Plant, where sustainable strategies and efficiency are prioritized in all processes from design to operation. Kocaer Çelik became the first and only company in Turkey to be awarded this certificate.
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