- Koç Holding posted a total of 65,8 billion USD in consolidated revenue in 2024. The same year, the Group made combined investments amounting to 4,4 billion USD, reaching a total of 14 billion USD of combined investments over the last 5 years.
- Koç Holding CEO Levent Çakıroğlu said, “We have left behind a year where geopolitical tensions continued and global uncertainties increased. Despite challenges, we closed the year 2024 by preserving our strong financial structure. We have pursued our investments both domestically and abroad with determination, in line with our vision of global growth and long-term strategic targets.”
Koç Holding announced its financial results for 2024. Throughout the year, Koç Holding posted a total of 65,8 billion USD in combined revenue, while making a combined investment of 4,4 billion USD. Thus, the company's combined investments in the last 5 years reached 14 billion USD.
Assessing the financial results of the year 2024, Koç Holding CEO Levent Çakıroğlu stated, “We have left behind a year where geopolitical tensions continued, and global uncertainties increased. Despite challenges, we closed the year 2024 by preserving our strong financial structure. In line with our vision of global growth and our long-term strategic goals, we have pursued our domestic and international investments with determination.”
Levent Çakıroğlu elaborated on the Group’s recent investments in Turkey with the confidence Koç Holding has in the future of the country, and explained, “We are pleased to announce that we have signed an agreement with our subsidiary Kalamış and Fenerbahçe Marina to be granted the operating rights of the Fenerbahçe Kalamış Marina for 40 years for 504 million USD.” Regarding Koç Group's investments in the automotive sector, Çakıroğlu commented, “Tofaş started production and exports in the ‘K0’ coded light commercial vehicle project for Fiat, Citroën, Opel and Peugeot realized with an investment of approximately 250 million dollars. Ford Otosan commissioned the production of the new generation Volkswagen one-tonne commercial vehicle model at the Yeniköy Plant within the scope of the strategic partnership between Ford and Volkswagen. As for TürkTraktör, the company is launching the cab frame production facility, one of the main components of tractors at the Erenler Plant, with an investment of approximately 29 million Euros, following the commissioning of the cab assembly line.”
Expressing that as a multinational and multicultural Group operating in 60 countries including Turkey with 131 production facilities and sales companies, Levent Çakıroğlu affirmed that the Group pursues its investments abroad, specifying “Beko started production at the facilities in Egypt and Bangladesh built with a total investment of 188 million USD. Entek Elektrik has launched an investment in Romania to build a solar power plant of a capacity of 214,26 MW. Otokar won the tender for 1059 armoured vehicles worth approximately 4.26 billion RON (Romanian Lei) opened by C.N. Romtehnica S.A., a company of the Romanian Ministry of National Defence”
Levent Çakıroğlu: “The WEF recognised Yapı Kredi and Ford Otosan's quantum computing applications as pioneers in their respective industries.”
Çakıroğlu affirmed that as Turkey's largest industrial and services group and a strong global player, Koç Holding sees technology and innovation as the transformative power behind their growth vision, stating, “We are proud that the practices developed by Yapı Kredi and Ford Otosan, two of our Group Companies, using quantum computing technologies were selected among the 13 projects recognised by the World Economic Forum (WEF) as pioneering in their respective industries. These practices developed by our companies best reflect the high success and advanced efficiency potential of quantum computing technologies in overcoming complex problems that are difficult to solve with classical methods.”
Levent Çakıroğlu: “We continue our activities in the earthquake zone with the same determination.”
Indicating that the Group continues its activities with the same resolution on the second anniversary of the earthquakes centred in Kahramanmaraş, Levent Çakıroğu pursued, “The Hope Cities we established in Adıyaman, İskenderun, Hatay, Kahramanmaraş and Malatya are going beyond providing shelter for 20,000 people by becoming the symbol of the renewal of a bond with life for the people of the region. The dreams and hopes of the residents of the Hope Cities have thus been strengthened. Today, in the Hope Cities, we see the constructive effects of efforts that benefit society in many areas, from education to employment, social services to income-generating activities. Our children who become stars in different fields achieve successes in exams thanks to the educational support provided for them; they get the opportunity to discover different sports branches they have a talent for, and hence, to develop themselves in their respective fields. We are pleased to see the empowering impact of sports and of creating safe spaces, especially for girls. We support women to generate income in textile and kitchen workshops, and young people to build their lives as self-confident, self-reliant individuals with their feet firmly on the ground thanks to employment opportunities offered by our Group companies in the region.”