INCREASING ITS NET PERIOD PROFIT BY 36 PERCENT, DEMİRDÖKÜM SUSTAINS ITS RAPID AND STABLE GROWTH
DemirDöküm realizes an average growth of 33 percent every year and advances surely towards its objective to be among the first 3 largest companies of the heating and cooling industry in the World in 2010.
DemirDöküm A.Ş's consolidated net sales revenues as of the end September 2006 were increased by 31 percent in comparison with the same period of the previous year and reached 571 million YTL. Net profit for the period was increased by 36 percent and attained to 35 million YTL. Its assets were increased by 71 percent to become 800 million YTL.
With these values reached in September 2006, DemirDöküm both preserves its leading position in the country and it pursues its rapid growth in global markets due to its export revenues amounting to 106 million Euros. Launching its products comprising panel radiators, cast iron radiators, combi boilers, gas water heaters and towel rails in 50 countries from Chile to China, DemirDöküm realizes two thirds of its exports to European countries. In the domain of panel radiator the Company ranks the fifth in U.K. with a market share of 8 percent, the second in Greece with a market share of 20 percent and the first in Romania with a market share of 24 percent.
If the situation is analyzed from the perspective of products, DemirDöküm targets to be the World leader in the domains panel radiator and gas water heater, among the first three in the field of combi boilers and it continues its investments and international cooperation oriented to this objective.
CONSOLIDATED TURNOVER AT 790 MILLION YTL LEVEL
Evaluating DemirDöküm's financial results as of the end of September 2006, General Manager Mr. Bülent Lütfü KIZILTAN stated that they are in a successful activity period and they will attain to a consolidated turnover of around 790 million YTL at the end of the year conforming to their work programs of 2006.
Mr. KIZILTAN expressed that the gradual investment started in 2005 in order to render Panel Radiator plants the largest production plant on the World taking place among the Company's strategies is still continuing and the annual capacity will be 4.1 million meters as of the end of 2006. Mr. KIZILTAN pursued his words as follows: ''Depending on the important developments in natural gas industry, we increased our capacity of combi boilers which was 240 thousand units in the beginning of the year up to 400 thousand units at the first step. Basing on the continuing investments, we defined our target capacity as 600 thousand units for the coming year. In connection with the water heaters, besides the European and CIS markets, we continue our works for the establishment of a SKD based production plant in Algeria where the construction industry develops very fast''.
Mr. KIZILTAN pointed out that, being the first Turkish company making investment in China, DemirDöküm develops its activities in Dongguan Dei Chung Metal Appliances Limited and he added that their turnover in China will be 14 million USD this year.
Mr. KIZILTAN touched on R&D and product development activities as well and he said: ''We are working on the systems which convert chemical energy into electric and heat energy, house type cogeneration units and advanced heating systems fed by renewable energy sources. We will heat, cool, provide hot water and in addition produce electric energy for the houses by means of a single system in the future. In addition, we closely follow the evolutions created by the novelties such as nanotechnology in our products portfolio''.
Mr. KIZILTAN emphasized that DemirDöküm is the market leader in Turkey when all the articles it produces are concerned, they have the most powerful and widespread distribution channels of the industry, they reached more than 1900 sales points and, furthermore they provide after sale service through a strong and extended network comprising 344 authorized service providers.