Extraordinary growth rates

This year, the Capital500 has been characterized by record rates of growth. The number of members of the giants' league who recorded growth of double digits or more is 315. A total of 13 of these grew by more than 100 percent. Another 53 grew by more than 50 percent. Club members who suffered a significant loss in turnover last year succeeded in recovering by growing by 18,54 percent this year. The leaders of this year's giants' league are, in order, Tüpraş, Petrol Ofisi and Türk Telekom. CAPITAL'S 'The 500 Largest Companies in Turkey" survey has become a tradition which, for the last 14 years, has detailed the strength of the private sector for the business world. The survey of 2010, when the repercussions of the crisis were overcome, is dominated by growth. When we look at the list as a whole, then we see that nominal growth reached 18,54 percent. After a poor performance in 2009, the Capital500 companies grew rapidly in 2010, largely as a result of a boost from changes in the economic environment. What is striking is that many companies came to the fore by achieving growth rates that they had never previously recorded. It was also possible to observe something unprecedented, namely companies which achieved triple digit growth...


NOTE THE TRIPLE DIGIT GROWTH
The 500 Largest Companies in Turkey Survey was noteworthy for the record growth rates posted by companies. The number of members of the giants' league who recorded growth of double digits or more is 315. A total of 13 of these grew by more than 100 percent. Another 53 grew by more than 50 percent. When one looks that the 14 companies which recorded triple digit growth, the most striking company is Namet, which grew by 889,7 percent. There is an extremely interesting story behind this growth. Namet recorded this growth as a result of its expansion in Turkey in general through its investments and retailing in 2010. Another company to achieve a massive increase in turnover was Hugo Boss Tekstil which posted growth of 136.5 percent.

THE PROMOTED TEAMS WERE FROM ANATOLIA
There were 25 companies which were "promoted" to the list of the 500 Largest Companies in Turkey.
These companies, which had been included in the list of the 1,000 companies in Turkey last year, achieved significant momentum and succeeded in entering the "Top 500". It is striking that only eight of these 25 companies which were promoted a division are based in istanbul. The remaining 17 include companies from Anatolia. When one looks at the new entrants from the perspective of turnover, it is striking that companies from Anatolia account for 69,2 percent of the new entrants. That is to say, around two of every three companies which have entered the list for the first time are based in Anatolia. When one looks at the sectoral profile of the new entrants, it is textiles and clothing which come to the fore. These sectors are followed by automotives, machinery, mining, paper packaging and food and drink companies.~

ALL OF THE INDICATORS ARE POSITIVE
All of the economic indicators in the Capital500 list are extremely positive when compared with the previous year. This year the total turnover of the league posted growth of 18,5 percent. The same positive atmosphere can be seen in the export figures. The companies in the Capital500 list succeeded in raising their export totals by 24 percent compared with the previous year. The number of personnel employed by the 500 companies increased by 11 percent compared with the previous year.

THE BAR IS RISING RAPIDLY
As it does every year, the bar in the Capital500 was also raised in 2010. The threshold for inclusion in the Capital500 stood at dollar 120.2 million in 2010, up from dollar 92,9 million in 2009. The threshold for inclusion in the top five of the Capital500 increased by 19 percent from TL 7.92 billion last year to TL 9,39 billion this year. When we look at the top three, then we see that there has been no change. As last year, Tüpraş again ranked first. Tüpraş was followed by Petrol Ofisi and Türk Telekom. But there is a striking change in the top five, which has become dominated by energy companies. Turkcell and Enka Construction which were both ranked in the top five last year, failed to be included this time. Opet Petrolcülük posted significant growth of 43,6 percent to rank fourth, while Shell & Turcas grew by 19,5 percent to rank fifth. The rise in the oil price played a major role in the significant chances in the energy field last year.