Ford Otosan
Financials
Estimates*
TRY | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|---|
Revenues | 39.2b | 49.5b | 71.1b | 171.8b | 411.9b | 2.7t |
% growth | - | 26 % | 44 % | 142 % | 140 % | 564 % |
EBITDA | 3.2b | 5.4b | 10.4b | 19.3b | 60.7b | - |
% EBITDA margin | 8 % | 11 % | 15 % | 11 % | 15 % | - |
Profit | 2.0b | 4.2b | 8.8b | 18.6b | 49.1b | - |
% profit margin | 5 % | 8 % | 12 % | 11 % | 12 % | - |
R&D budget | 420m | 459m | 681m | 1.4b | 5.3b | - |
R&D % of revenue | 1 % | 1 % | 1 % | 1 % | 1 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | N/A | IPO | |
* | €150m | Post IPO Debt | |
* | €650m | Post IPO Debt | |
* | €200m | Post IPO Debt | |
* | €435m | Post IPO Debt | |
Total Funding | - |
Recent News about Ford Otosan
EditFord Otosan, officially known as Ford Otomotiv Sanayi, is a publicly traded company with significant shares held by Ford Motor Company and Koç Holding. As one of Turkey's top three exporting companies since 2004, Ford Otosan has maintained a leadership position in the automotive industry, achieving 12 consecutive years of industry championship and being the country's goods product export champion for 8 years in a row. In 2022, the company exported vehicles and spare parts worth 6.2 billion USD to 94 countries across 5 continents.
Ford Otosan operates four main centers, including plants in Kocaeli and Craiova, an R&D center in Sancaktepe, and a spare parts warehouse. Employing over 20,000 people, the company boasts the largest R&D organization in the Turkish industry with 1,688 R&D employees. It serves as the global engineering center for Ford's heavy commercial vehicles, diesel engines, and engine systems, and supports the design and engineering of Ford's light commercial vehicles.
The company focuses on sustainable and profitable growth, aiming to be a key player in its region and around the world. Ford Otosan's business model revolves around manufacturing and exporting vehicles and spare parts, with a strong emphasis on research and development to drive innovation and maintain its competitive edge.
Keywords: automotive, exports, R&D, commercial vehicles, engineering, Turkey, global, innovation, manufacturing, sustainability.