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İsmail Doğan

Chairman of the Board (Yönetim Kurulu Başkanı), Doğanlar Mobilya Grubu (Doğtaş Kelebek Mobilya / Kelebek Mobilya)

Search every verified İsmail Doğan interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. İsmail Doğan, chairman of Doğanlar Mobilya Grubu, has appeared in multiple Turkish television and media interviews in 2024 to discuss the company's performance and the furniture sector. In these appearances, he stated that the sector experienced a contraction due to tight monetary policy and high interest rates, which he said dampened both consumer demand and investment appetite. He reported that the company's sales growth was around 75 percent in the second quarter of 2024, and he noted plans to open approximately 115 new stores during the year, with a portion of those abroad. Doğan also discussed the company's expansion in Africa, mentioning a furniture factory established in Senegal, which he described as the largest in the region, and its role in serving a market of around 500 million people. Doğan has also addressed the company's financial strategy and market valuation. He stated that the company planned to distribute dividends for the first time and intended to continue doing so annually. He expressed the view that his company's stock market valuation was significantly below its asset base and investment levels, calling current valuations "unacceptable" and suggesting there were opportunities for prices to rise. He also commented on the competitive position of Turkish furniture, saying the main rivals are China on price and Italy on design, while positioning Turkish products as combining Italian design with Chinese-level pricing. Additionally, he mentioned the company's focus on sustainability, including the use of recycled materials and renewable energy, which he said was necessary for exporting to Europe.

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