Saat ve Saat's IPO: Borsa İstanbul Attracts Investor Attention with Strong Performance

The gong ceremony for Saat ve Saat on Borsa İstanbul highlighted the company's leadership position and growth potential in Turkey. Korkmaz Ergun emphasized that Saat ve Saat's long-standing experience places it among the sector's key players, with its extensive product portfolio driving success both domestically and internationally. Ramazan Kaya stated that the company has aimed to be Turkey's leader in the watch and watch industry since its establishment in 1994. With 185 stores, an e-commerce system, 1150 employees, and a network of over 600 dealers spanning from Edirne to Van, Saat ve Saat is Turkey's undisputed leader in the sector. Kaya revealed that the company achieved a yearly revenue of TRY 13.4 billion by selling 2 million units of watches. The company has consistently generated profits in the 30-35% range, excluding interest, amortization, and taxes. The IPO process was meticulously prepared under the leadership of consortium partners Halk Yatırım and Garanti BBVA Yatırım.

Markets may interpret this IPO as a signal reflecting Saat ve Saat's strong position and growth potential in Turkey. The company's success underscores its robust brand image both locally and globally.