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ERDEMİR GROUP
2014 ANNUAL REPORT
INTRODUCTION
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Our Group, which exports its products from regions as far reaching as
Senegal and Peru, recorded a successful export performance despite the
protectionist measures put in place in many parts of the world, with exports
totaling US$ 627 million. Our Group invested a total of US$ 162 million
during 2014.
Our Group recorded an operating profit of US$ 958 million, marking a 51%
YoY increase in its net profit to US$ 732 million. EBITDA exceeded US$ 1.1
billion, with an EBITDA margin of 21.6% in an increase over the previous year.
Our Group’s consolidated balance sheet reached a volume of US$ 6.9
billion, exceeding the US$ 4.4 billion in shareholders’ equity. Accordingly, we
once again maintained the robust, strong and sustainable structure that has
become an abiding characteristic of the Erdemir Group.
Erdemir’s market value reached TL 12.7 billion with Erdemir shares among
the highest yielding on the BIST 30 index in 2014. In a year in which the
BIST 100 index generated a return 26%, Erdemir shares provided its investors
with a return of 73%. Erdemir held onto its well-established position as
one of the best performing stocks on the BIST 30. Our efforts to develop
shareholder value in a sustainable manner produced successful results, with
a US$ 385 million cash dividend distributed in 2014.
Our vision for 2020: To be a World class company
After the acquisition by OYAK, we quickly started work on taking a big leap
and transformation to a new and global level.
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DESPITE THE PROTECTIONIST
MEASURES PUT IN PLACE IN MANY
PARTS OF THE WORLD, WITH
EXPORTS TOTALING
US$ 627 MILLION IN 2014.
WE AIM “TO BE A WORLD CLASS
COMPANY” AND CARRY ERDEMİR GROUP
TO THE SUMMIT OF THE GLOBAL LEAGUE
BY 2020.