Otokar doubled its Turnover in the First Six Months

Otokar doubled its Turnover in the First Six Months
Otokar doubled its Turnover in the First Six Months

Otokar doubled its turnover in the first half of the year compared to the same period of the previous year. Maintaining the current level in exports, the company's net profit in the first six months increased by 37 per cent to 543 million TL.


Otokar, which operates with companies in five countries, including Turkiye, whose vehicles are used in over 60 countries on five continents, doubled its turnover in the first six months of the year, reaching 3.7 billion TL. On the other hand, the company's exports were at a similar level to the same period of the previous year, reaching 146 million USD.

Evaluating the works for the first six months, Otokar General Manager Serdar Görgüç stated that the Turkish defence industry continues to grow uninterruptedly, as is the case in the civilian field. Görgüç said that the user tests of military vehicles, whose success in this field has been proven worldwide, continue in different geographies. Noting that Otokar is a global player in the defence industry, Serdar Görgüç said;

Otokar doubled its Turnover in the First Six Months
"Our military vehicles are included in the inventory of more than 55 users in more than 35 friendly and allied countries around the world, including the Turkish army and security forces, and they are actively serving in very different geographies, challenging climatic conditions and risky areas. In the first six months of this year, we introduced our defence industry products and capabilities at the fairs held in Eastern Europe, the Far East and South America, especially at Eurosatory, Europe's largest defence industry fair.
While we had the opportunity to meet face-to-face with our current users after the pandemic, we came together with our potential users. In addition to our successful products and services in land vehicles, we also stand out with our technology transfer capabilities. We closely follow cooperation and export opportunities in different regions."

Stating that they actively follow the needs and expectations of many countries in the defence industry, Görgüç said, "The successful performance of our armoured vehicles, which are in the inventory of different countries and are actively used in peacekeeping forces, attracts the attention of many countries. Users want to try our tools in their own geographical and climatic conditions. Currently, our vehicles are subjected to detailed and rigorous tests by our users in many countries. We closely follow the expectations and needs of our users. We received an important export order, which we announced to the public in May this year. We will complete the deliveries in the coming period."