Friday, November 25, 2022

A request from Ömer Koç to traders: keep an eye on your cash flows

The 30th of the Traditional Anatolian Meetings organized by the Koç Group to exchange ideas with its national and international distributors and authorized services was held.

Koç Holding Chairman Ömer M. Koç, Koç Holding CEO Levent Çakıroğlu and Presidents of Koç Holding Group attended the event, which brought together more than 10,000 business partners in the digital environment.

In the session moderated by Ahmet Çimenoğlu, Koç Holding Economic Research Coordinator, Prof. DR. Refet Gürkaynak and pollster and political communication specialist Dr. İbrahim Uslu assessed the economic and political agenda.

“We are taking firm steps toward the second century by embracing the values ​​of the Republic”

Noting that the Koç Group, whose foundation was laid by the late Vehbi Koç, the holding’s founder, almost simultaneously with the republic, Ömer Koç will be one of the country’s few centuries-old institutions four years later, Ömer Koç said: “ Vehbi Bey said for a century, “If my country exists, I exist.” According to the principle, “If there is democracy, we all exist,” we considered it our duty to promote the economic and social development of our country. Fortunately, many initiatives and projects that have cost the history of our country and bring great benefits to our nation have left the mark of the Koç Group and the efforts of our employees and you. However, as I keep emphasizing, our main success is our good reputation with all our stakeholders. We are taking firm steps towards the second century, which I believe will become even brighter, by embracing the values ​​of the republic inherited from the great leader Mustafa Kemal Ataturk,” he said.

In his speech, Ömer M. Koç drew attention to the economic and political developments at the global and national levels, saying, “I would like to emphasize that we are in a time when we must act in an extremely calculated and prudent manner in all our affairs . In particular, I ask that you be mindful of your expenses, defer your nonessential expenses, and closely monitor your cash flows. “Unfortunately, the process of uncertainty, the negative effects of which are now clearly being felt on the economy at home and abroad, will not end any time soon.”

“The taxes we pay represent 7.5 percent of the country’s tax revenue”

Ömer M. Koç, who stated that they are continuing their investments as a group believing in the country’s future, stated that over the past 5 years, capital expenditures have been $9.4 billion and that the combined revenues are equivalent to 8 percent of the Turkish national income. “Our companies realize 7% of our country’s exports. 4 of the 10 companies with the highest turnover and 3 of the 10 largest export companies come from the Koç Group. Over the past 10 years, the taxes we paid as a group equaled 7.5 percent of our country’s tax revenue,” said Ömer M. Koç, adding that they realized 7 percent of private sector R&D investments.

Ömer M. Koç said that they have the largest intellectual property portfolio in Turkey: “The market value of our listed companies on Borsa Istanbul is 21 percent of the total market value. We are the only company to represent our country in the Fortune Global 500 this year, which ranks the largest companies in the world. These results naturally make us proud. However, the most valuable indicator for the Koç Group is our reputation with our stakeholders. Fortunately, we are proud to have been our country’s most respected brand for many years.”

Levent Çakıroğlu: We are resilient as a community in the face of risk

Levent Çakıroğlu, CEO of Koç Holding, who stated that he was very pleased to meet Koç Group’s dealers and authorized service providers at the 30th Anatolian Meetings, said: Risks from the economic situation We are resilient as a community. The financial results that we have achieved as a result of all these efforts are of course very important. However, as Mr Ömer pointed out, our most valuable asset is our reputation with all our stakeholders in our country and in the world. Human resources are at the heart of our management philosophy. We are proud to be selected as the number one employer in Turkey this year, as in the last 6 years, in the research list “World’s Best Employers” published by Forbes magazine.

Çakıroğlu emphasized that from the very beginning they have considered merchants as key stakeholders in this digital transformation effort to grow their business, strengthen them against competition and increase revenue, saying: “Thanks to our broad ecosystem, in Whatever center you are in, we improve, transform and restructure our business processes by meaningfully interpreting the data we receive using advanced analysis methods. We use the power of data in our decision-making processes and focus on the right areas.”

“We are confident in the future of our country and continue to invest”

Çakıroğlu told the dealers that they will strengthen the reputation of the Koç brands together with the dealers: “I kindly ask you to prepare your daughters and sons for this task, and the new generations who will take over the businesses that you succeed.” have led out.”

Stressing that they have faith in the country’s future despite the difficulties, Çakıroğlu said: “Despite all the difficulties; As Koç Group, we are confident in the future of our country and continue our investments with a long-term perspective. Whatever the circumstances; We remain committed to growing our business and investing in new products across all sectors in which we operate.


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