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Turgay Durak, CEO of Koc Holding, made a statement regarding 2012 and their 2013 expectations.
Accordingly, the Holding expects 6% growth in consolidated revenues and operating profitability. The Conglomerates' 2013E GDP growth expectation is 4.5% with a limited devaluation of the TRY on the back of a higher foreign trade deficit.
Major highlights of the statement:
Ford Otosan JV maintained leadership in the Turkish car and van market with a 13.8% share, followed by the Tofas JV with a 12.6% share last year
The Group's oil refiner Tupras' 2012 exports reached USD 5.1b
Fuel retailer unit Opet raised its market share in Turkey to 18.6% in white products and 12.7% in black products
Aygaz maintained its domestic market leadership with a 23% share in autogas, 43% in bottled LPG and 29% in total LPG
Arcelik rose to third place in Europe in total sales, set up sales units in Ukraine and Egypt and targets markets including Pakistan, India, and Indonesia.
Source: bne
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