Dear stakeholders,
The role of the private sector in achieving our country’s developmental goals is becoming more and more critical day by day. In the face of deepening global challenges politically, economically, environmentally and socially, we are working diligently to generate more value in every field from production and employment to exports to innovation.
2024 was a year in which we proved our operational flexibility and agility, while at the same time reinforcing our long-term vision with concrete projects. Despite the economic, political and ecological uncertainties prevailing in the world and in our region, as a company, we have achieved significant results in all operational areas from production to finance, human resources and the digital transformation.
Throughout 2024, we worked with a capacity utilization rate of 82% and achieved 47% growth, driven to a significant extent by our technical products – a clear indicator of the competence and success we have achieved in our value-added product group. This success is a result of our economically astute strategies, our new generation investments, our effective process management and team synergy.
Manufacturing powered by innovation
We resolutely pressed ahead with investments in R&D and the digital transformation in 2024. With our newly commissioned Modacrylic facility and technical yarn factory, we continued to specialize and increase product diversity. While developing products based on advanced technology with brands such as Mithra, Armora and Aksafil, we have brought greater agility to our processes with digital twins, energy efficiency systems and automation solutions at the production sites. With these investments, we have created a production structure which is ready not only for current needs but also for the demands of the future.
Our human resources remained our company’s greatest strength. We focused on our goal of “Zero Accidents” by reinforcing the culture of occupational health and safety. In order to increase the rate of women among our employees, recruit young talent and increase employee loyalty, we have enriched our training, development and leadership programs that we carry out through the “Aksa Academy”. 2024 was a year in which we increased workforce competence and enhanced the employee experience.
A solid financial structure, a secure future
We took a strong and disciplined stance in financial management. We recorded TL 28.3 billion of turnover in 2024, while maintaining our operational profitability with an EBITDA of TL 5.8 billion, despite the challenging market conditions. We ended the year with over TL 35.6 billion in assets and a strong equity structure, driven not only by our sound financial position but also our long-term growth vision. While maintaining our operational profitability, we unabatedly pressed ahead with our investments in the future. As we enter 2025, we will continue to work unwaveringly to achieve budget discipline, increase our financial resilience and create more value.
We further expanded our sustainability-oriented efforts in 2024, implementing projects aimed at waste management and reducing energy consumption and carbon emissions while expanding our production structure in accordance with the principles of the circular economy. We have redesigned all our processes, from production to shipment, with an approach that considers environmental impacts.
Our goals for 2025 are to increase our production competencies based on the latest technology, to integrate digitalization into all business processes and to further strengthen our competitiveness in the global market. At the same time, we aim to create a transformation model with a strong environmental and social impact in the sector with investments that will spur on our green transformation journey. I would like to express my sincere thanks to all of my colleagues who have contributed to this journey of success, to our customers who have been steadfast with their trust, to our business partners and to all our stakeholders who have supported us.
Yours truly,
Didem TUNÇBİLEK
Member of the Board and General Manager