500 second-biggest slowdown in sales of industrial giant of Turkey, lowered profitability. Istanbul Chamber of Industry (ISO) announced “ISO Turkey’s Second 500 Largest Industrial Organization, 2019” According to research, 2019 in ISO Second 500 rose 14.2 percent from sales of produce 137.5 billion TL to 157 billion upgrade.
However, this increase indicated a slowdown in growth performance compared to 30.9 percent in 2017 and 27.8 percent in 2018. This rate also drew attention as the lowest increase in the last three years.
The slowdown in sales also negatively affected the profitability of the ISO Second Top 500. In the ISO Second Top 500, operating profit, which was 19 billion TL in 2018, decreased by 11.5 percent in 2019 to 16.8 billion TL.
The operating profit ratio also fell from 12.1 percent in 2018 to 9.4 percent in 2019, down 2.7 points.
IT WAS A HARD YEAR
ICI President Erdal Bahçıvan said, “2019, the year covered by our second 500 research, was a difficult year for our SMEs in many respects. While our industrialists were feeling the effects of the rising customs walls in the world and the slowdown in the global economy, they tried to recover from the financial shocks experienced in 2018 domestically. The performance of our industrialists in the harsh conditions of 2019 is admirable ”. Some remarkable data from the second 500 research are as follows:
– According to the size of sales from production, “Panasonic Life Solutions” was the first in the ISO Second 500, with 482 million 130 thousand liras. While “Kervan Gıda” took the second place with its sales of 482 million 54 thousand liras, AKA Automotive took the third place with 481 million 440 liras.
– 104 new industrial establishments entered this year’s list of the ISO Second 500. 43 of them consisted of companies falling from the ISO 500 to the ISO Second 500.
– The exports of the ISO Second 500 increased by 9.4 percent in 2019 to $ 9.8 billion.
While the number of exporting companies was 407 22 years ago, it increased to 463 in 2019.
In 2019, in the ISO Second 500, employment increased 4.1 percent, and salaries and wages increased 25.8 percent.
SHARE OF MEDIUM AND HIGH TECHNOLOGY DECREASED
Istanbul Chamber of Industry (ISO) announced “ISO Turkey’s Second 500 Largest Industrial Organization, 2019” data, R & D expenditure arts also will make value-added production that the country needs medium and revealed that high-tech density decrease in industry. Accordingly, the number of R&D organizations, which was 188 in 2017, increased significantly to 218 in 2018.
It was noteworthy that in 2019, the number of organizations engaged in R&D reached the highest level with 231. R&D expenditures of these companies also increased by 44.6 percent in 2019, from 498.6 million TL to 721.2 million TL. In the same period, the ratio of R&D expenditures from production to sales increased from 0.36 percent to 0.46 percent.
However, looking at the distribution of added value created by technology intensities, it was seen that the share of high technology decreased from 3.1 percent in 2017 to 2.2 percent in 2019. The share of medium-low technology, which was 27.2 percent in 2017, decreased to 25.1 in 2019. The share of low technologies has increased, from 46.2 percent in 2017 to 48.6 percent in 2019.
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