Lydia Holding A. Ş., based in Istanbul, experienced an impressive year in 2024, characterized by transformative changes and strategic expansion. The company garnered attention with its extensive restructuring and robust financial strategies, especially highlighted in their annual report. Through pioneering initiatives in various sectors, including energy and real estate, Lydia Holding made a significant and positive impact on the Turkish economy.
🌍 Brand Evolution and Structural Transformation
Originating in 1980 as Milpa Ticari ve Sınai Ürünler Pazarlama Sanayi ve Ticaret A.Ş., Lydia Holding has long been evolving. In 2024, as part of an ambitious rebranding initiative, it transitioned into Lydia Holding A. Ş. This transformation was formalized during a general assembly on July 23, 2024, leading to the establishment of a holding structure with expanded operations. By adopting a new identity, Lydia Holding seeks to reinforce its market position and broaden its influence across numerous sectors.
Strategic Collaborations and Expansion
Lydia Holding attracted attention through its strategic expansion pursuits, bolstering its financial position via key acquisitions and mergers. The corporate sphere was notably altered when Lydia Holding acquired Tetamat Gıda Yatırımları A. Ş. and Ufuk Yatırım Yönetim ve Gayrimenkul A.Ş. Additionally, by merging Tetamat Gıda with MYK2 Enerji, Lydia Yeşil Enerji Kaynakları A.Ş. emerged, ushering in a fresh era in renewable energy. These strategic developments significantly enhanced Lydia Holding's market presence, paving the way for advancements in energy innovation.
🌱 Advancements in Energy and Real Estate
Concentrating on renewable energy and real estate investment, Lydia Holding is poised to lead Turkey's progress in these vital areas. With future investments on the horizon, the company aims to enhance Turkey’s renewable energy capacity considerably. These sectors are pivotal to Lydia Holding's expansion plans, placing them as frontrunners in meeting contemporary energy demands and real estate developments.
📊 Financial Strength and Risk Strategy
In 2024, Lydia Holding attained a consolidated asset total of 2.9 billion TL, showcasing its financial resilience. By fortifying its equity base and reducing bank loans, the company preserved its solid financial performance. The board underscored that future strategies are rooted in effective risk management, guaranteeing sustained growth and stability.
Pioneering the Future
Lydia Holding's vision prioritizes sustainability and corporate advancement. Chairman Enver Çevik emphasized their aim to create substantial value for investors and partners. The year marked notable transformation and progress. Upholding strong corporate governance, Lydia Holding has advanced its management processes with dedicated audit and risk management committees.
Looking ahead, Lydia Holding envisions a promising future with plans to continue enriching the Turkish economy through its growth strategies and dedication to sustainability. With expansion initiatives set for 2025, the path forward is bright, heralding a stronger trajectory 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)