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Doğanlar Furniture Group’s Closing Success in 2021!
- Doğanlar Furniture Group's consolidated net sales in 2021 reached TL 1 billion 744 million and reached its target, increasing 75% compared to the same period last year.
- Doğanlar Furniture Group's gross profit in 2021 increased by 76% compared to the same period of 2020 and reached TL 572 million.
- The year-end EBITDA figure of 2021, on the other hand, increased by 56% and achieved its target, reaching TL 258 million with a 15% EBITDA margin.
- Doğanlar Furniture Group increased its asset size by 73% compared to the same period last year and reached TL 1.7 billion.
As one of the most important groups in the furniture industry with the brands Doğtaş, Kelebek, Lova Beds, Kelebek Kitchen & Bathroom and Ruum Store; Doğanlar Furniture Group disclosed its 2021 closing figures.
Doğanlar Furniture Group's consolidated net sales in 2021 reached TL 1 billion 744 million and reached its target, increasing 75% compared to the same period last year; while 2021 gross profit reached TL 572 million with an increase of 76% compared to the same period of 2020.
Despite increasing raw material and input costs, Doğanlar Furniture Group managed to maintain a gross profit margin of 33%, increasing its asset size by 73% compared to the same period last year, to 1.7 billion TL.
Having recently disclosed their 2022 predictions, Doğanlar Furniture Group expects to increase its consolidated sales revenue by 80-90% in 2022, reaching TL 3.2-3.4 billion.
İsmail Doğan, CEO of Doğanlar Furniture Group: “A year of even more work awaits us.”
Doğanlar Furniture Group CEO İsmail Doğan shared his remarks on the pleasing 2021 figures.
Doğan underscored that the key to the 75% increase in net sales compared to the previous year, is to continue to invest and work hard.
Reminding that they predicted an increase of 80-90% for consolidated sales income in 2022, Doğan stated that these predictions are made by taking into account brands’ target budgets, a decrease in the effects of the pandemic compared to the previous years and expected growth through the investments made in exports and e-commerce; and said: “A year of even more works awaits us.”
He added that this expected increase in business volume will generate employment, contribute to the economic mechanism at every step from the supply chain to the dealership structure, which is very important for the country's economy.