Sisecam Group announces Q1 2018 financial results

  Company financial news

Sisecam Group reported consolidated net sales of TRY 3.1 billion and a net profit of TRY 569 million in the first quarter ended 31 March 2018. The Group's consolidated EBITDA reached TRY 907 million for the same period.

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Sisecam has reported net sales growth of 17.7% in the first quarter of 2018
Sisecam Group, a global actor in business fields including all main areas of the glass industry – flat glass, glassware, glass packaging and glass fiber – as well as soda and chromium chemicals, increased its total consolidated net sales by 17.7% year-over-year in the first three months of 2018, reaching TRY 3.1 billion. The Group reported a net profit of TL 569 million for the same period.
Sisecam, a group with manufacturing activities in 13 countries in three continents and sales in all over the world, produced 1.2 million tons of glass, 600,000 tons of soda and 900,000 tons of industrial raw materials in the first quarter ended 31 March 2018.
"In the first quarter, our consolidated net sales have reached TRY 3.1 billion. The share of our international sales representing the total amount of exports from Turkey and sales from overseas production is 58% in our consolidated sales. During the same period, international sales volume reached TRY 1.8 billion. Thanks to ongoing efforts to optimize the cost structure and the geographical distribution of production activities, consolidated EBITDA reached TRY 907 million in the same period,” Prof. Ahmet Kirman, Vice Chairman and Chief Executive Officer, said.
Sisecam Group reported total investments of TRY 300 million and continued to support the national economy with an export volume of USD 190 million in the first quarter of 2018. "Our goal is to further strengthen our financial structure to maintain the continuity of the Group...
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