Netlog Logistics
Investor Relations
Netlog Group Profile
Since its establishment in 2004, Netlog Logistics has become Turkiye's largest logistics company, providing integrated logistics services across various sectors with its 12 brands. In 2012, Netlog was recognized as Turkey's fastest-growing company across all sectors. Today, Netlog continues to offer unique services and solutions that give its clients a competitive edge.
Netlog manages 123 warehouses and 2.2 million square meters of warehousing space spread across Turkey (59),USA (2), UAE (2), the Far East (2), and Europe (58). Netlog delivers comprehensive logistics services using a workforce of 17,000 employees, a fleet of 4,000 vehicles, and a network of over 15,000 suppliers.
More than 20,000 local and global brands across various sectors rely on Netlog services.
₺35.852.910.889
$1,33b USD
2023 REVENUE
$1,33
Billion
Revenue Distribution
Netlog is a diversified logistics company generating significant foreign currency revenue
Revenue by Service Type (2023A, USD M)
426
International Warehousing & Distribution
78
Uluslararası Taşımacılık
310
International Transport
64
Purchasing & Supply
313
Pallet Recycling
31
Energy Revenues
32
Other
256
Domestic Storage & Distribution
49%
EURO
3%
USD
48%
TRY
Revenue by Currency (2023A)
Revenue by Country (2023A)
55%
Turkey
13%
Netherlands
16%
UK
7%
Belgium and Other EU Countries
3%
USA
6%
Other Countries
Debt
52%
Short Term Debts
48%
Long Term Debts
By Maturity (as of YE 2023)
By Currency (as of YE 2023)
63%
EURO
37%
TRY
Credit Rating
Netlog has received the highest possible credit rating limited by due to country rating.
RATINGS
LONG TERM
SHORT TERM
ICRs (Issuer Credit Rating Profile)
National ICR
A(tr)
J1(tr)
National ICR Outlooks
Stable
-
International FC ICR
BB+
-
International FC ICR Outlooks
Stable
-
International LC ICR
BB+
-
International LC ICR Outlooks
Stable
-
ISRs
(Issue Specific Rating Profile)
National ISR
-
-
International FS ISR
-
-
International LC ISR
-
-
Sovereign
Foreign Currency
BB (Negative)
-
Local Currency
BB (Negative)
-
Ownership Structure
Founded in 2004 by Şahap and Gökalp Çak, Netlog in a short period of 8 years, by 2012, has become the leading logistics company in Turkiye and one of the largest in the Middle East.
In 2016, 23% of Netlog was aquired by Franklin Templeton Investments. Working together, the Cak Family and Templeton set out to grow Netlog to new heights.
%23
Ownership by
Franklin Templeton Investments
TOTAL
12 Subsidiaries
