19.05.2019 Samsun
Under TOBB’s leadership, Turkey's top 100 fastest growing companies were identified in collaboration with TEPAV. Biomar Sagun Feed Industry, headquartered in Aydın, ranked first by increasing its turnover by 5,324% in two years. Award-winning entrepreneurs and TOBB President M. Rifat Hisarcıklıoğlu posed for a commemorative photo at the end of the meeting with President Recep Tayyip Erdoğan at Samsun Çarşamba Airport. TOBB President M. Rifat Hisarcıklıoğlu, in his speech during the ceremony, said, “We, as the Turkish business world, continue to work with the same spirit and conviction from 1919 to 2019. 100 years later, we are now fighting for a future in the economic sphere. As the Turkish private sector, we say that if we could do it yesterday, we can do it today. Working together, we will ensure that Turkey becomes one of the world's largest economies and takes its place among the leading nations.
Lead
by TOBB in cooperation with TEPAV, taking into account applicant companies’ 2015-2017
annual revenue growth, the competition to determine Turkey's top 100 fastest
growing companies has ended. The results of the competition were announced at a
ceremony held in Samsun on the occasion of the 100th anniversary of
Gazi Mustafa Kemal Atatürk's landing in Samsun to start the War of
Independence. The ceremony was attended by Minister of Commerce Ruhsar Pekcan,
Minister of Industry and Technology Mustafa Varank, TOBB President M. Rifat
Hisarcıklıoğlu and many Chamber-Exchange Presidents as well as TOBB Women and
Young Entrepreneurs Council Presidents.
Hisarcıklıoğlu
started his speech his May 19th message. Hisarcıklıoğlu, stating
that it is the centennial anniversary of Gazi Mustafa Kemal Atatürk’s landing
in in Samsun on May 19th, 1919, beginning the nations Independence
War, “May 19th is the first step in our nation’s fight to exist who accept
no bondage, would never give up their liberty now bow down to persecution. It
is an uprising looked upon as an example by the oppressed all over the world. From
Samsun, the spark spread out in waves all over Anatolia, launching an epic fight
for independence, ensuring the rebirth of a nation from the ashes. We owe this
to the War of Independence, which began in 1919 and ended in 1922 with the
Great Victory, being recognized throughout the world with the Treaty of Lausanne
in 1923.
With
infinite and eternal gratitude, we remember Gazi Mustafa Kemal Ataturk, the
founder of our republic, and our sainted veterans and martyrs who put their
lives on the line for the freedom of our nation and the independence of our
country. We must understand well this spirit of a century ago. The Turkish
nation won when it embraced itself; lost as it dissented. With this spirit, sparked
in Samsun, this determination and faith, we must win again and embrace each
other. With this in mind, in memory of this epic struggle, we will be
announcing the fastest growing companies of our country. The Turkey 100 awards
ceremony is being held in Samsun on May 19th, 2019. I would like to
thank all of our Chambers and Commodity Exchanges hosting us in Samsun today. I
also congratulate our women and young entrepreneurs coming from all over
Turkey.”
- 100 companies' average growth
rate is 605%
Hisarcıklıoğlu
stated that the last 2 years’ turnover growth rate of the companies were taken
into consideration during the preparation of the Turkey 100 list, “The
companies that fill this hall have made tremendous achievement in this field. The
average growth of Turkey's top 100 fastest growing companies in this period is
a striking 605%.” TOBB President stated that these companies achieved 18 times
the national income increase while also increasing production per employee,
their efficiency, by 332% on average.
Reporting
that in 2017, each company's made sales worth an average of 60 million TRY and
that each company has approximately employed 93 people, Hisarcıklıoğlu said, “In
the 2015-2017 period, employment of Turkey 100 companies increased by 70%. Of
Turkey 100 companies, 63% are engaged in exports. They are exporting goods to 68
countries. I heartily congratulate all of the companies showing such great
success and qualifying to enter the Turkey 100. This success certainly does not
come by itself. The companies are both young and innovative as well as
sustainable. The average age of Turkey 100 companies is 11.5. Turkey 100 companies
use digital technology very well; they do not see the resources they devote to
the education of employees as a burden but put great importance on it. 10
companies which entered Turkey 100 previous also took place in the 2019 list.
Here are two more very important points: the regional distribution of Turkey
100 list is quite remarkable. Apart from the 3 major cities, there are
companies from 22 other cities on the list. The rise of Anatolia is clearly
seen here as well.
There
is also an interesting distribution in terms of sectors. In the list, there are
companies from a myriad of sectors such as informatics, telecom, construction,
logistics, food, textiles, plastics, machinery.
This
diversity is in fact proof that there are opportunities in every sector in our
country. It is the best proof that success can be achieved in every sector with
the right business model.”
- Ingenuity deserves compliment
Stating
that there are three reasons why they find Turkey 100 to be so important, TOBB
President Hisarcıklıoğlu said: “The first is; as our saying goes, ‘ingenuity deserves
compliment.’ Here are those most deserving of compliment: Entrepreneurs who
play a pioneering role in the enrichment of this country, pay taxes, produce,
export and provide employment. Especially in such periods, we want to thank the
companies who achieve great success, to appreciate Turkey's top 100 fastest
growing companies. Secondly, we want these companies, which are well-managed
and bright, to come forward, to open more and to grow further. That is why
we're introducing Turkey's top 100 fastest growing companies to everyone. We
make it easier for investors and customers to reach them.
We
want them to be active not only in Turkey, but also abroad. We support this.
The third reason we care about this is that in this day, the key to prosperity and
development is entrepreneurship. We need more entrepreneurs.
As
you know, entrepreneurship is a work of enthusiasm. With Turkey 100
competitions, want to increase the number of our entrepreneurial role models.
Every company here wants to be an example to new entrepreneurs. We want all of
our youth, our women, to hear their success stories in this hall. They should
be more enthusiastic about being an entrepreneur.
- Trade Minister Ruhsar Pekcan
Trade
Minister Ruhsar Pekcan said in her speech, “In order to increase our exports
with high added value and branded products, we foresee providing support approximating
3.104 billion TL this year, starting from the SME level and moving towards
becoming a corporate and global brand.”
Pekcan
reported that most of the 20 most profitable companies in the world today are
companies producing information technology, technology and high technology; companies
which have new entrepreneurship ideas and searches for and invests in new
technology, becoming playmakers of the global economy.
In
this century where profits and competitiveness through innovation have become one,
Pekcan stated that the way to raise Turkey to high income is through improving
the country's class innovation and innovative technologies, “This will be
possible only by supporting our country’s entrepreneurs.”
- Industry and Technology Minister
Mustafa Varank
In
his speech, Minister of Industry and Technology Mustafa Varank stated, “The
second call of the TUBITAK Individual Youth Initiative Program has been
concluded. We hope to provide up to 200,000 TRY in grants to 146 young
entrepreneurs engaged in technology focused projects.”
Varank
stated that the fastest growing 100 companies are from 36 different sectors and
said:
“Looking
at the profiles of Turkey's top 100 fastest growing companies determined by TOBB,
we see that in 36 different sectors, technology-driven and export-growing firms
are at the fore. R&D, innovation and technology-focused, boasting qualified
human resources and environmentally-sensitive companies which have grown 18
times faster than Turkey; achieving this as well as increasing their
employment. When we look at these 100 companies engaged in exports to 68
countries, on average, they were established 11-12 years ago, the average age
of the managers is 46. Taking all this data into account, we see that the
formula of healthy growth is technology, qualified manpower, production and
export.”
- Listed companies increased their
employment by 70%
The
winner of the Turkey's top 100 fastest growing companies in the competition
determined by 2015-2017 turnover was the Aydın based Biomar Sagun Feed Industry
Company with a turnover rate of 5,324%. Following it were Optimal Project
Management and Construction (4,452%) from Istanbul, Natural Renewable Energy (3,774%)
from Ankara, Vergo Energy Systems (3,030%) from İzmir and Profen Defense and
Security Technologies from Ankara (2,320%).
The
100 fastest growing companies in Turkey increased their average turnover rate an
average of 605% during 2015-2017. The average turnover of the listed companies
is 59.8 million TRY.
Nominal
income of the companies’ is 18 times the increase rate of Turkey's nominal GDP.
Companies increased their employment by 70% in 2015 - 2017. 63% of these 100
companies export. In exports, Germany stands out as the preferred target.
Export companies are concentrated in the wholesale trade sector. 36 companies
from different sectors are in the Turkey 100 list, making exports to 68
different countries.
- Ankara companies on the attack
While
Aydın took the top spot in the Turkey 100 Competition, the highest number of
companies to enter the rankings were from Istanbul, followed by Ankara with 22
companies, Antalya with 7 companies, Kocaeli with 5 companies, Adana, Bursa and
Kahramanmaraş with 4 companies each. The list features companies from 25
different provinces.
- Age of companies
The
average age of the fastest growing companies is 11.5. The average age of the
CEO is 45.9. The CEO of 10 companies is under 35 years old. Most of the fastest
growing companies have a partner from the family or from outside the family.
The number of companies with company founders from the same family are 58. The
number of companies whose founders are not from the same family are 42.
Number
of companies with a single founder are 30. 13 of them are completely under
founder control and there is no senior management professionals. The average
number of founders in companies 2.4. The number of firms that include
professionals in the senior management of the company, besides the founders, is
55.
- Level of education in the first
100
In
the fastest growing companies, it is noted that the level of education of the
people who are the final decision-makers is high. The most competent person in
the list 79 of Turkey 100 companies are graduates of university or higher. The
training distribution of the most competent persons is as follows; University
graduate 58, doctorate 3, graduate 18, vocational school graduate 3, high
school graduate 7, vocational high school graduate 6, elementary school
graduate 5.
Companies
with employees of university or higher education 51% or more is 42.
- Sector status
Looking
at the sectoral breakdown of the Turkey 100 companies, “wholesale trade” took
first place with 16 companies. 90% of companies in 2019 aims to increase the
number of employees. 77% of the firms pay attention to organize internal and
external training activities to increase the qualifications of their employees.
Of the 100 fastest growing companies, 35 are helping employees build their own
businesses.