Net profit of 7.1 billion TL from Aselsan in 2021

Aselsan reported its consolidated balance sheet for 2021 to the Public Disclosure Platform (KAP).

Aselsan achieved a net profit of 3 billion 989 million TL in the last quarter of 2021. The total net profit of the company in 2021 was 7 billion 131 million TL. Aselsan closed the year 2020 with a net profit of 4 billion 461 million TL. Thus, the company's net profit margin increased from 27.7 percent to 35.4 percent.

On the other hand, the company, which received 2 billion 22 million dollars of new contracts in 2021, has a balance order of 8.5 billion dollars. The company's 12-month revenue reached 20 billion 139 million TL in 2021, an increase of 25 percent compared to the previous year. Thus, the gross profit margin improved by 4.4 percentage points to 33 percent. In terms of balance orders, the figure, which was $9.5 billion last year, fell to $8.5 billion in 2021.

While the company's R & D expenditures were 3 billion 356 million TL in 2020, this figure increased to 5 billion 615 million TL in 2021. The company also became the company that employs the most female experts on the R & D side.

Aselsan shared its year-end forecasts for 2022; More than 25 percent growth in net sales and 22 percent in EBITDA margin are expected. In addition, investment expenditures are expected to reach 5 billion TL this year.