Turkey’s first 500 industrial establishments have been announced: owner of the summit has not changed (ISO 500 list)

Istanbul Chamber of Industry (İSO) Chairman of the Board of Directors Erdal Bahçıvan, during the press conference he held, Turkey’s 500 Largest Industrial Companies announced the results of his research.

At the top of the search, TÜPRAŞ took first place on the list with 58 billion 593 million TL in production sales, Ford Automotive finished second with 45 billion 223 million TL and Oyak-Renault Automobile Factories came in third with 31 billion 242 million. TL.

Toyota, which placed third last year, fell to fourth with 30 billion 812 million lire, while the fifth company did not want its name announced.

The other top 10 companies are Star Rafineri, Arçelik, Tofaş, Ereğli Demir ve Çelik, İskenderun Demir and Çelik.

Source: Istanbul Chamber of Industry


The production sales of Turkey’s 500 largest industrial companies increased by 15.3% in 2020 from the previous year, reaching 1.1 trillion 179 billion pounds. Growth performance slowed from increases of 34.5% in 2018 and 16.4% in 2019.

ISO 500 exports fell 12.8 percent to $ 64.1 billion. Although export performance has diverged somewhat from Turkey’s overall and industrial export performance, ISO 500 has still maintained its weight in Turkey’s exports.

The top 500 companies made 37.8% of Turkey’s exports and 39.2% of industrial sector exports last year. The number of exporting organizations, which has been in the 460 band since the mid-2000s, reached 465 in 2020.


According to the study, although the share of companies that make up the top 50 in the rankings among total sales in total production declined slightly, it remained close to 50 percent in total.

Operating profit, which shows the profit from the main activities of the top 500 ISO industrial companies, one of the main indicators of research, increased 55% from the previous year to reach 142.8 billion by TL. The operating rate of return also increased by 2.7 points to 10.8%.

Likewise, the size of EBITDA, which has been steadily increasing since 2013 when it began to be measured, increased by 43.1% to 184.4 billion lire in 2020, while the EBITDA rate of return reached 13.9% with an increase of 2.6 points.

Pre-tax period total profit and loss increased 50.1% to TL 92.5 billion. Profits of industrial companies showed an upward trend in 2020.


According to ISO 500 profitability data, in addition to improving operational profitability, the increase in non-production revenues, due in particular to the effect of net foreign exchange profits, positively contributed to profitability.

While ISO 500’s ordinary income and profit from other activities was TL 237.9 billion, its expenses and losses were TL 194.4 billion. When we take the difference between these two figures, we see that the ISO 500 generates 43.4 billion lire in net income from production activities.

Financing costs continued to determine the profitability of the ISO 500. Financing costs increased 39.2 percent to 88.8 billion lire.

Total ISO 500 debt in 2020 increased by 23% to reach 499.6 billion lire. Thanks to the increase in operational profitability, companies were able to increase their equity at a similar rate of 23.2%.


In the evolution of debts on their terms, short-term financial debts increased by 22.4% to 206 billion lire, while long-term financial debts increased by 23.3% to 293.5 billion lire. read.

When examining the relationship between current and non-current assets among total assets, one of the most important indicators, the share of fixed assets in ISO 500 in total assets has increased to 46.3% in 2015 and started to decline and rose to 39.1%. in 2019.

Last year, the share of fixed assets fell a further 2.8 percentage points to 36.3%. Unusual circumstances have led companies to liquidity, while limiting investments in fixed assets.


The canceled VAT charge of ISO 500 increased by 14.3% from the previous year and reached Lira 12.4 billion. It has been reported that this figure represents 2.5% of the total financial debt of ISO 500.

Among the top 500 organizations, the number of organizations that made a profit last year increased from 411 to 423.

In terms of added value created by technological intensity, the total added value created by medium-high and high technology in 2018 was 27.5%, this rate rose to 30.4% in 2019 and 31.2% Last year.

The number of organizations spending on R&D has also been increasing steadily since 2013. Last year, the number of organizations engaged in R&D was 271, and R&D spending increased 4.9% to 6.2 billion lire. The ratio of R&D expenditure from production to sales, which was 0.58% in 2019, fell to 0.53% last year.


The use of ISO 500 increased by 2.9% despite all the negative developments. The rate of increase in wages and salaries paid was 14.4 percent.

The number of organizations holding shares of foreign capital fell to 110 last year. This development has shown that the gradual decline in the number of organizations with foreign capital, which were included in ISO 500 after 2009, has continued. The number of listed organizations has maintained its horizontal trajectory with 67.

It has been observed that the weight of Anatolia in the industry has increased due to the ranking of organizations in the top 500 according to information from their chambers. As a result, despite the digital decline in recent years, the largest share is still held by the Istanbul Chamber of Industry with 161 companies. While the Aegean Region Chamber of Industry followed Istanbul with 44 companies, Ankara 37, Kocaeli 36, Gaziantep 29 and Bursa 19 participated in the research.

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