OverviewSuggest Edit

Ihlas Holding is a company that specializes in the construction and real estate, media and communications, manufacturing and trading, education, and healthcare businesses. It constructs housing projects, resorts, urban transformation projects, and education campuses. The company also engages in broadcasting TGRT News TV channel, TGRT FM radio station, and TGRT Documentary channel, publishing and printing newspapers, magazines, books, and promotional materials and providing news agency, and media planning and buying services, as well as operates various online news Websites. In addition, Ihlas holds licenses for extracting mineral resources, such as metal ores, coal, and industrial raw materials, manufactures home electronics and household appliances, manufactures and sells bicycles, motorcycles, and strollers. The company also operates a hospital and provides education services.

TypePublic
Founded1970
HQİstanbul, TR
Websiteihlas.com.tr

Locations

Ihlas Holding is headquartered in
İstanbul, Turkey

Location Map

Latest Updates

Employees (est.) (Mar 2020)2,623(+2%)
Revenue (FY, 2019)₺715.9 M(-43%)
Share Price (May 2020)₺0.7

Key People/Management at Ihlas Holding

Zeki Celep

Zeki Celep

Vice Chairman
Ahmet Mücahid Ören

Ahmet Mücahid Ören

Executive Chairman
Abdurrahman Gök

Abdurrahman Gök

Member of Board, Chief Legal Adviser
Abdullah Tuğcu

Abdullah Tuğcu

Member of Board, CFO
Necmi Özer

Necmi Özer

Member of Board (Independent)
Mahmut Kemal Aydın

Mahmut Kemal Aydın

Board Member (Responsible for Internal Audit)
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Ihlas Holding Office Locations

Ihlas Holding has an office in İstanbul
İstanbul, TR (HQ)
Merkez Mahallesi 29 Ekim Caddesi İhlas Plaza No:11 B/21 Yenibosna Bahçelievler
İstanbul, TR
Merkez Mah. 29 Ekim Cad. İhlas Plaza No:11 C/51 Bahçelievler
İstanbul, TR
Mermerciler Sitesi 7. Cad. No:12 Beylikdüzü
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Ihlas Holding Financials and Metrics

Ihlas Holding Revenue

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View revenue for all periods
Ihlas Holding's revenue was reported to be ₺715.88 m in FY, 2019 which is a 43.8% decrease from the previous period.
TRY

Revenue (FY, 2019)

715.9m

Revenue growth (FY, 2018 - FY, 2019), %

(43.8%)

Gross profit (FY, 2019)

161.1m

Gross profit margin (FY, 2019), %

22.5%

Net income (FY, 2019)

5.3m

EBIT (FY, 2019)

136.3m

Market capitalization (21-May-2020)

529.6m

Closing stock price (21-May-2020)

0.7

Cash (31-Dec-2019)

45.7m

EV

920.4m
Ihlas Holding's current market capitalization is ₺529.6 m.
Annual
TRYFY, 2017FY, 2018FY, 2019

Revenue

712.4m1.3b715.9m

Revenue growth, %

79%(44%)

Cost of goods sold

560.4m1.0b554.8m

Gross profit

152.0m244.3m161.1m
Half Year
TRYH1, 2017H1, 2018H1, 2019

Revenue

312.1m473.6m337.8m

Cost of goods sold

227.4m370.3m264.8m

Gross profit

84.7m103.3m73.0m

Gross profit Margin, %

27%22%22%
Annual
TRYFY, 2017FY, 2018FY, 2019

Cash

18.1m38.0m45.7m

Accounts Receivable

859.8m765.0m919.5m

Prepaid Expenses

310.9m146.7m258.6m

Inventories

817.9m587.7m786.2m
TRYFY, 2016FY, 2017FY, 2018

Net Income

60.5m35.2m(32.6m)

Depreciation and Amortization

12.3m11.6m11.4m

Inventories

205.5m(136.5m)47.6m

Accounts Payable

(59.4m)39.7m62.6m
TRYY, 2019

EV/EBIT

6.8 x

Debt/Equity

0.4 x

Debt/Assets

0.1 x

Financial Leverage

2.5 x
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Ihlas Holding Operating Metrics

FY, 2016FY, 2018

Commercial Units Built to Date

480

Dealers

731

Housing Units Built to Date

14.81 k

Villas Built to Date

944
Show all operating metrics

Ihlas Holding Acquisitions / Subsidiaries

Company NameDateDeal Size
Armutlu Tatil ve Turizm İşletmeleri A.Ş.
Bisiklet Pazarlama ve Tic. A.Ş.
Dijital Varlıklar Görsel Medya ve İnternet Hiz. Ltd. Şti.
İhlas Ev Aletleri İmalat San. Tic. A.Ş.
İhlas Gayrimenkul Proje Geliştirme ve Ticaret A.Ş
İhlas Gazetecilik A.Ş.
İhlas Haber Ajansı A.Ş.
İhlas İnşaat Proje Taahhüt Turizm ve Tic. A.Ş.
İhlas Madencilik Enerji ve Ticaret A.Ş.
İhlas Marmara Evleri Ortak Girişimi
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Ihlas Holding Revenue Breakdown

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Ihlas Holding revenue breakdown by geographic segment: 94.9% from Domestic and 5.1% from Other

Ihlas Holding Online and Social Media Presence

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Ihlas Holding Blogs

Ihlas Holding Frequently Asked Questions

  • When was Ihlas Holding founded?

    Ihlas Holding was founded in 1970.

  • Who are Ihlas Holding key executives?

    Ihlas Holding's key executives are Zeki Celep, Ahmet Mücahid Ören and Abdurrahman Gök.

  • How many employees does Ihlas Holding have?

    Ihlas Holding has 2,623 employees.

  • What is Ihlas Holding revenue?

    Latest Ihlas Holding annual revenue is ₺715.9 m.

  • What is Ihlas Holding revenue per employee?

    Latest Ihlas Holding revenue per employee is ₺272.9 k.

  • Who are Ihlas Holding competitors?

    Competitors of Ihlas Holding include Aditya Birla Group, Cleveland-Cliffs and Critical Mention.

  • Where is Ihlas Holding headquarters?

    Ihlas Holding headquarters is located at Merkez Mahallesi 29 Ekim Caddesi İhlas Plaza No:11 B/21 Yenibosna Bahçelievler, İstanbul.

  • Where are Ihlas Holding offices?

    Ihlas Holding has an office in İstanbul.

  • How many offices does Ihlas Holding have?

    Ihlas Holding has 3 offices.