Teknosa increased its revenues by 36% to a record-high TL 5.6 billion, while recording TL 85.3 million in net profit, up from the net loss of TL 148 million a year ago.
The company’s online revenues grew 3.6-fold annually to exceed TL 1 billion. As a result, e-commerce’s share in total retail revenues soared from 7 to 19%.
The company’s performance improved quarter by quarter and reached its peak in 4Q20.
Teknosa is the leading technology retailer and e-commerce platform in Turkey.
Foreign trade for electric bicycles made in Turkey has quadrupled in 2020 compared to 2019, with exports reaching $ 39.2 million, Daily Sabah reports.
In 2020, exports increased mainly due to increased demand in Europe.
The biggest demand came from Finland, which imported $ 9.6 million worth of electric bicycles, Italy ($ 7.9 million) and the Netherlands ($ 7.4 million).
Sales of electric bicycles to the European Union are growing every year, said Anil Shakrak, head of Accell Bicycle, a company that produces about 250,000 bicycles and exports 70 percent of its production.
He explained that the share of electric bicycles in total bicycle exports rose to 42%.
Teknosa reached its all-time high quarterly performance in the third quarter of 2020. The company recorded TL 1.7 billion turnover and TL 62.5 million net profit in 3Q2020, achieving 61 percent sales growth compared to the same period a year ago.
Its e-commerce turnover grew by 123 percent compared to the same quarter last year.
Teknosa stores reopened in June and continued their significant contribution to sales.
Teknosa achieved 123 percent growth in e-commerce in the third quarter of 2020 compared to the same period last year and nearly quadrupled its 9-month online turnover to TL 705 million.
Following this appointment, Gerke Witteveen, currently Chief Financial Officer in NN Asigurari de Viata Romania, will act as CEO on an ad interim basis, as of 1 October 2020.
Ms Grzelonska joined Nationale-Nederlanden Poland in 2008 as Marketing Services and Communications Director, and since then has held senior roles.
In 2010 Ms Grzelonska was appointed as Chief Marketing Officer, and Member of the Management Board Nationale-Nederlanden Poland.
In 2014 Ms Grzelonska was appointed as Chief Operating & Information Officer of Nationale-Nederlanden Poland. As from 2017, as CEO of NN Asigurari de Viata, Anna Grzelonska led the Romanian Management Team focusing on strengthening NN Life Insurance Romania local successful business presence.
The Turkish brand has developed its own Instagram direct sales model, which will be implemented for the first time in Kyrgyzstan.
Trendy pieces of the season will be prepared as a digital catalogue and will be presented to the customers via LC Waikiki Kyrgyzstan Instagram account.
It is possible to place orders online between 09:00 and 18:00 every day of the week through an Whatsapp Business Line.
Orders arrive within 24 hours.
The formal closing of the transaction to raise Austrian Post’s stake to 80 percent took place on 25th August 2020. Baran Aras will continue to own a 20 percent shareholding in Aras Kargo and will also serve on its Executive Board.
“I am pleased that the increase in our shareholding in Aras Kargo, which was agreed upon many years ago, has finally taken place. Turkey is an attractive, dynamic, and strongly growing market”, says Georg Pölzl, Chief Executive Officer of Austrian Post.
The company plans to further expand the business of Aras Kargo in the future.
The funding round was led by Collective Spark, with participation from Galata Business Angels, Angel Effect and a group of angel investors from Turkey and Europe.
This second round of funding came eleven months after the pre-seed round, which was also led by Collective Spark.
Since high school, they have always wanted to build their own company and upon graduation, they established a start-up studio intending to help entrepreneurs transform their businesses from ideation to execution.
During this period, Osman and Muhammet shipped many web applications and frequently encountered “user onboarding” as an issue that cannot be tackled easily.
Following completion of over ten custom-made projects, they decided to try their luck in San Francisco, where they were offered a job by a friend who worked for many years at Google.
They came up with the idea of helping companies create engaging user onboarding flows in the most hassle-free way, convinced they could develop a less complex tool that employees with no technical background could easily use.
UserGuiding was built on the premise of Osman and Muhammet aiming to support companies effectively create user onboarding flows and walkthroughs without needing to code.
Osman Koc, the CEO of UserGuiding, stated: “The no-code revolution has already begun. GPT-3 wowed us with the possibilities it unlocked, Airtable helped us be 10x productive, and Webflow helped us build amazing websites. We will not write a line of code for jobs that require long, complicated coding in ten years or less. At that point, we aim to be the leading ‘no-code’ platform for user onboarding. We will strive to be the platform where people can make all the changes they require on web applications through a straightforward interface and, more importantly, without writing any code. We strongly believe that using our solution your web applications will be as agile as if they were built with WordPress or Wix.”
Turkish company Arçelik, which owns Beko and Grundig, has completed production of 5.000 mechanical ventilators.
300 devices a day were manufactured at its Çerkezköy electronics facility on a not-for-profit basis to meet domestic and international demand.
2.866 of these ventilators have been sent to 14 countries including some of the hardest hit countries, such as Brazil, which reported a record number of infections in a single day, and Somalia, which had no ventilators in April.
The devices have also been sent to Chad, Nigeria, Niger, Azerbaijan, Libya, UAE, Uzbekistan, Dagestan, Syria, Afghanistan, Romania and Bangladesh.
Hakan Bulgurlu, CEO of Arçelik, says: “At Arçelik we want to be part of the solution; working collectively with businesses and governments to fight COVID-19 globally and shape a more sustainable future on the other side.”
LC Waikiki has developed its own Instagram direct sales model, which will be implemented for the first time in Kenya.
With the new application it will be much easier to shop without going to the store. Trendy pieces of the season will be prepared as a digital catalogue and will be presented to the customers via LC Waikiki Kenya Instagram account.
It is possible to place orders online between 09:00 and 18:00 every day of the week through Whatsapp Business Line, which is specially formed for the application that offers ease of shopping for customers.
Orders arrive within 24 hours in Nairobi and within 48 hours outside Nairobi.
La Quinta by Wyndham Istanbul Gunesli is one of the latest additions to Wyndham Hotels & Resorts’ presence in Turkey, where the Company is the largest international hotel group with over 80 hotels all across the country.
Dimitris Manikis, President & Managing Director for EMEA, Wyndham Hotels & Resorts, said: “We are thrilled to welcome La Quinta and its long-standing reputation for delivering quality, reliability and a great guest experience to Europe, further expanding our offering of brands in such an important market like Turkey. When La Quinta joined the Wyndham family we saw tremendous opportunity to grow the brand internationally. With a record of over 13 million international visitors in 2018 alone and an incredible variety of historical, cultural and business sites, Istanbul is one of the world’s most attractive cities for travel, making it the perfect fit for La Quinta’s European debut.”
With easy access to Istanbul International Airport and the city’s Expo Centre, La Quinta by Wyndham Istanbul Gunesli offers 404 guest rooms and a wide range of facilities including three restaurants, a fitness centre with sauna, Turkish bath, Jacuzzi, steam room and indoor heated pool.
The hotel also includes over 1,500 square metres of meeting space, comprised of eight meeting rooms and one ballroom, catering to both leisure and business travel.
Other Wyndham Hotels & Resorts’ recent openings in Turkey include TRYP by Wyndham Istanbul Topkapi, Ramada Encore by Wyndham Istanbul Basin Express, Wyndham Grand Kayseri, Wyndham Cerkezkoy, as well as Ramada by Wyndham hotels in Van and Mardin.
BCAP Partners, a global investment management and advisory firm, completed an investment into Turkish ridesharing company Scotty Technologies Inc. on January 10, 2020.
“This transaction is the first investment under our newly developed Launchpad initiative. There is great potential in Turkey, and Scotty is primed to become a market leader with its game-changing business model and innovative technology. BCAP will continue to expand its venture capital business as we see an abundance of opportunities to add value in the European start-up space,” states Robin Yan, a Partner at BCAP.
“This partnership is a very important step for our app on its way to becoming the super-app of Turkey. BCAP’s sector expertise in logistics and transportation will help us with our plans. We believe BCAP’s investment will help us reach our goals faster and accelerate our growth in a profitable way,” states Tarkan Anlar, CEO of Scotty.
Scotty Technologies Inc. is a 3-year-old start-up based in Istanbul, Turkey and currently offers ridesharing and courier services.
The company plans to be the first super-app of Turkey with its disruptive technologies and business model. The company plans to continue its promising growth and reach profitability in the near future.