ASELSAN reports 75 percent growth in 2022

ASELSAN's financial results for 2022 have been announced.

The annual turnover of the company in 2022 increased by 75% compared to the same period of the previous year and reached 35.3 billion TL (~ $1.87 billion).

While the gross profit of the company increased by 77% compared to the same period of the previous year; Earnings Before Interest, Depreciation and Taxes (EBITDA) increased by 72% compared to the same period of the previous year and reached 9.5 billion TL.

With an EBITDA margin of 27%, ASELSAN's net profit increased by 67% compared to the same period of the previous year and reached 11.9 billion TL.

The company's equity to assets ratio was 52%.

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