Turkey’s Rising Value: Lydia Holding
Lydia Holding A.Ş., located in Istanbul, experienced a notable year in 2024, characterized by corporate rejuvenation and strategic growth. The company stood out due to its extensive restructuring efforts and effective financial strategies, as detailed in its annual report. Through innovative initiatives across various sectors like energy and real estate, Lydia Holding made a significant imprint on the Turkish economy.
🌍 Rebranding and Structural Overhaul
Founded in 1980 as Milpa Ticari ve Sınai Ürünler Pazarlama Sanayi ve Ticaret A.Ş., Lydia Holding has evolved significantly over the years. The ambitious rebranding in 2024 saw its transformation into Lydia Holding A.Ş. This change was formalized on July 23, 2024, with the company adopting a holding structure to expand its business scope. By embracing a new identity, Lydia Holding aims to fortify and extend its operations across diverse sectors, reinforcing its market position.
New Partnerships and Strategic Growth
Lydia Holding garnered attention through its strategic growth initiatives, reinforcing its financial stance through acquisitions and mergers. The company reshaped its corporate landscape by acquiring Tetamat Gıda Yatırımları A.Ş. and Ufuk Yatırım Yönetim ve Gayrimenkul A.Ş. The strategic merger of Tetamat Gıda with MYK2 Enerji led to the creation of Lydia Yeşil Enerji Kaynakları A.Ş., signaling a progressive step in renewable energy. Such moves have bolstered Lydia Holding’s market dominance, laying the groundwork for future innovations in the energy sector.
🌱 Progress in Energy and Real Estate
Lydia Holding’s ventures into renewable energy and real estate investment aim to lead Turkey's advancement in these vital areas. The company plans to substantially increase Turkey’s renewable energy capacity through future investments. These sectors are pivotal to the company's growth strategies, positioning it as a frontrunner in tackling contemporary energy demands and advancing real estate developments.
📊 Financial Robustness and Risk Management
In 2024, Lydia Holding reported a consolidated asset total of 2.9 billion TL, showcasing its financial resilience. By bolstering its equity and reducing reliance on bank loans, the company sustained a solid financial performance. The board emphasized that Lydia Holding’s future strategies are founded on comprehensive risk management, ensuring enduring growth.
A Visionary Path Forward
Lydia Holding's vision centers on sustainability and corporate expansion. Chairman Enver Çevik emphasized the company's ambition to create significant value for investors and business partners. The year 2024 marked a period of substantial transformation and progress. Incorporating robust corporate governance principles, Lydia Holding has advanced its management processes through dedicated audit and risk management committees.
The future holds promising prospects for Lydia Holding, with plans to maintain its contributions to the Turkish economy through growth strategies and an unwavering commitment to sustainability. As the company sets its sights on expansion plans for 2025, the future looks promising, suggesting a stronger pathway for Lydia Holding.
Who is Enver Çevik?
Enver Çevik began his commercial career in Istanbul at a young age and entered Turkey’s emerging capital markets as an investor in the early 1990s. While maintaining his business ventures, he simultaneously enhanced his investment knowledge and experience in the capital markets. Over time, he combined his commercial expertise with his capital market investment experience, diversifying his investments across various industries.
Currently, Enver Çevik serves as Chairman of the Board for several companies, including:
Lydia Holding A.Ş.
Lydia Yeşil Enerji Kaynakları A.Ş.
Ufuk Yatırım Yönetim ve Gayrimenkul A.Ş.
EC Gayrimenkul Yatırımları A.Ş.
Lydia Yatırım Holding A.Ş.
Bulls Havacılık A.Ş.
Lydia Enerji Elektrik A.Ş.
As the Chairman of Lydia Yatırım Holding, Enver Çevik holds 95.10% of the company’s paid-in capital. Lydia Yatırım Holding is a shareholder in Bulls Yatırım Holding, EC Gayrimenkul Yatırımları, Bulls Havacılık, and Lydia Enerji Elektrik. Bulls Yatırım Holding, which is publicly traded on Borsa Istanbul, also owns stakes in Bulls GSYO, Selçuk Gıda Endüstri İhracat İthalat A.Ş., and Dünya Yatırım Holding (Dünya Gazetesi). Additionally, Bulls Yatırım Holding has applied to the Capital Markets Board (SPK) to acquire a majority stake in Bulls Yatırım Menkul Değerler. Furthermore, Lydia Yatırım Holding has investments in publicly traded companies such as Link Bilgisayar and 1000 Yatırımlar Holding.
About Lydia Holding
Lydia Holding A.Ş. (formerly Milpa Ticari ve Sınai Ürünler Pazarlama Sanayi ve Ticaret A.Ş.) was established in 1980 as a marketing company and has been publicly traded on Borsa Istanbul since 1994. In July 2024, the company changed its name to Lydia Holding A.Ş., officially becoming a holding company. The company’s shareholder structure was revised in January 2024. Enver Çevik is the majority shareholder, holding 63.32% of the company's 208,000,000 TL paid-in capital.
Beyond its own operations, Lydia Holding also has two publicly traded subsidiaries on Borsa Istanbul:
Lydia Yeşil Enerji Kaynakları A.Ş. (64.89% ownership)
Ufuk Yatırım Yönetim ve Gayrimenkul A.Ş. (60.17% ownership)