GENPA Ranks Number 11 Among The Fastest Growing Gompanies.
CNBC-E Business magazine made a list of 100 fastest companies in the past ten years. In the survey where the last ten-year performance of 3,500 companies was reviewed, those companies breaking records in Turkey were selected out of 547 companies with a turnover of 100 million dollars or above. With its 2,200 dealers and 4,000 sales outlets, Genpa ranked number eleven in the poll, given the fact that it grew 14.3 times in the last ten years. With a turnover of 1.8 billion liras, Genpa ranks six among the companies with the highest turnover increase according to 2008 data. Information sector grew by 9 percent in 2008 with a market value above 28 billion dollars. Genpa’s growth rate in US dollar turned out to be 19 percent when compared to the past year.
According to the survey, the turnovers of these companies hailed as the “most stable 100 companies” rose by eight times, reaching 72.3 billion dollars last year. That said, their turnovers were hovering around 8.9 billion dollars ten years ago. Out of 100 companies, 43 of them manager to increase their turnover above the average whereas 19 of them exceeded one billion dollar turnover threshold and are now members of hall of fame of million dollar companies. According to the survey, Goldas has managed to increase its turnover 56 times exactly on the dollar basis since 1998.
As far as the results of the survey show, the fastest growing sector was the metal and casting. Thanks to the honeymoon mood in the economy between 2003 and 2008, metal and casting process industry, which is one of the most important raw material suppliers of the main industries, grew fast. This latest development found its way into the growth champions list. Out of 100 fastest growing companies, 31 of them are players in the metal and casting process industry. Out of those 31 players, 11 of them managed to increase their turnover by more than 50% last year.
The second sector was the food industry with 15 companies in the list. Information technologies industry ranked number three with 11 companies. The automotive industry, the star of the last ten years, could find a place at number four only with a mere number of 8 companies. Each of chemicals industry and petroleum and petroleum derivatives industry ranked number five in tie with five companies from each industry.
