Turkey’s Top 500 Companies Announced

The Turkey leg of Fortune, one of the world’s most popular business magazines, Fortune 500 Turkey research announced this year’s results. The Fortune 500 Turkey-2021 Survey, which ranks Turkey’s largest 500 companies, also presented important data about companies.

According to the research conducted by Fortune Turkey and CRIF Turkey for the 15th time this year, the largest companies achieved a rapid growth rate despite the effects of the pandemic. Total net sales of 500 companies increased by 65.7% compared to the previous year and 3 trillion 212 billion TL This increase was the largest in the history of the Fortune 500 Turkey survey.

Top 10 of Turkey’s largest 500 companies:

1. Energy Markets Management Inc.
2. Turkish Petroleum Refineries Inc.
3. Turkish Airlines
4. Ahlatci Jewelery
5. Ford Automotive Industry Inc.
6. BİM United Stores Inc.
7. Eregli Iron and Steel Factories TAŞ.
8. Arcelik
9. Petrol Ofisi A.S.
10. Opet Petrolcülük A.Ş.

Ranking at the top of Turkey’s largest companies this year, the name that climbed to the top the previous year Energy Markets Management Inc. (EPİAŞ) it happened. Net sales revenue of EPİAŞ increased by 57.9% compared to the previous year and reached 167 billion 126 million TL.

For many years at the top Turkish Petroleum Refineries Inc. (TUPRAS) On the other hand, it increased its net sales income by 138.7% compared to the previous year and reached 150 billion 972 million TL. TÜPRAŞ took the second place in the list.

Turkey’s third largest company Turkish Airlines (THY) it happened. TR’s net sales revenue increased by 109.6% compared to the previous year and reached 97 billion 378 million TL. Total net sales of Turkey’s largest 500 companies, US retail giant Reached 63% of Walmart.

Key conclusions from the research:

• Fortune 500 Turkish companies exported 895 billion 189 million TL in 2021 (Compared to the previous year (+90%)
• The share of exports in companies’ net sales in 2021 was 27.9% (+3.5%)
• In dollar terms, exports were measured as 100 billion 753 million dollars (+50%)
• Turkey’s total exports amounted to $282.2 billion (+37.7%)
• Net profit of companies was 157 billion 781 million TL (+137.7%)
• Net sales profitability was measured as 4.91% (+1.49%)
• Return on equity was measured as 12.22% (+3.95%)
• Employment increased by 5.1% and reached 1 million 343 thousand.