Temsa has seen growth of over 250% in the last three years worldwide, and 78% in Western Europe, according to its latest financial results
Turkish coach manufacturer Temsa finished 2023 with record-breaking results, the firm reports, achieving a 252% increase in revenue over the previous three years.
Operating under the joint venture of Sabancı Holding-PPF Group since the end of 2020, Temsa says it has successfully navigated the challenges of the 2020-2023 period, marked by global uncertainties like the Covid-19 pandemic while achieving significant financial milestones. Strengthening its global presence in terms of both its vehicle fleet and global footprint, the manufacturer closed the year with a total revenue of $387.5 million. Its total vehicle sales reached 3,391 units in total, marking a 252% turnover growth during the 2020-2023 period, placing it among the fastest-growing companies in its sector. In Western Europe, the manufacturer saw growth of 78%.
Highlighting the importance of enhancing its global footprint, CEO Tolga Kaan Doğancıoğlu said: “We have achieved outstanding results in the markets we prioritise, such as Europe and the USA. We have crafted a Temsa that listens to customers more attentively, rapidly develops vehicles and technology based on their feedback and remains a steadfast partner not only during sales but also in post-sales processes.
“While reinforcing our competencies in these areas, we continue to offer innovative services in finance and service sectors to our customers. In this regard, we have introduced the Temsa Finance solution to meet the financing needs of our customers in the USA and Turkey. Our customer-centric approach has positively influenced sales figures. Leading among our priority markets, North America showed a growth performance of 36%, while we achieved growth rates of 31% in the EMEA region and an impressive 78% in Western Europe.”
Beyond the financial achievements, he emphasised that Temsa has taken significant strategic steps in zero-emission vehicles, which the company says are at the heart of its global growth vision. He continued: “Our electrification and zero-emission journey at Temsa began in the early 2010s. Thus we boast nearly 15 years of experience in this field. With an R&D approach encompassing not only electrification but all alternative fuels, we aspire to lead the future of sustainable mobility. With the imminent production of our intercity hydrogen bus, showcased at Busworld Europe a few months ago, boasting a range of 1,000 kilometres, our portfolio will soon include 10 different zero-emission vehicles, comprising eight electric and two hydrogen models. In this regard, we stand among the global companies offering the highest number of zero-emission vehicle alternatives to customers.”
As well as strengthening its expertise in zero-emission vehicles, Tolga added that the company is focusing on developing business processes and models with a focus on sustainability. He concluded: “Last year, we earned the Environmental Product Declaration (EPD) for our Avenue Electron bus, making us the sixth manufacturer in the world to receive this certificate for a bus. Now, with our CDP reporting results, we have been included in the Climate Change A List in our first application year. All these are indicators of our sincerity, seriousness and determination regarding sustainability.”
