Şişecam’s net sales increase 32% in first nine months

  

Şişecam Group reported consolidated net sales of TL 8 billion ($2.02 billion) and a net profit of TL 1.2 billion ($303.4 million) in the first nine months of 2017.

In the same period, Şişecam, a group with manufacturing activities in 13 countries in three continents and sales in all around the world, produced 3.6 million tons of glass, 1.7 million tons of soda and 2.7 million tons of industrial raw materials.

Prof. Ahmet Kırman, Şişecam Vice Chairman and Chief Executive Officer, said: “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 TL 4.6 billion. Thanks to ongoing efforts to optimise the cost structure and the geographical distribution of production activities, consolidated EBITDA reached TL 2.2 billion in the same period.”

Şişecam reported total investments of TL 556 million and continued to support the national economy with an export volume of US$489 million in the first nine months of 2017.

"Efforts to optimise production facilities and the cost structure will continue at an increased pace, with a special emphasis on increased use of automated systems," Kırman added.

The group's consolidated EBITDA reached TL 2.2 billion for the first nine months.

Şişecam Group increased its total consolidated net sales revenue by 32.2% year-over-year in the same period.


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