Şişecam announces fiscal year results for 2017

  

Şişecam’s net sales revenue reached TL 11.3 billion with a 32% increase in 2017.

Turkish glass supplier Şişecam reported consolidated net sales of TL 11.3 billion and a net profit of TL 1.7 billion for 2017.

Prof Ahmet Kirman, Şişecam’s 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 60% in our consolidated sales.”

“During the same period, international sales volume reached TL 6.8 billion.”

“Thanks to ongoing efforts to optimise the cost structure and the geographical distribution of production activities, consolidated EBITDA reached TL 3.1 billion in the same period.”

The company produced 4.8 million tonnes of glass, 2.3 million tonnes of soda and 4.2 million tonnes of industrial raw materials.

Mr Kirman explained: “Our goal is to further strengthen our financial structure to maintain the continuity of the Group’s steady growth line and to support our growth in the upcoming periods.”

“While continuing to increase the speed of our efforts to optimise our production facilities, we will continue to optimise our costs using all efficient methods, including increased use of automated systems.”

“We are constantly realising our evaluations of policies to be followed in the direction of our objectives of sustainable profitable growth and operational excellence, taking into consideration the conditions of the global economy.”

Şişecam reported total investments of TL 1 billion and continues to support the national economy with an exported volume of USD 748 million in 2017.

Pictured: Prof Ahmet Kirman, Şişecam’s Vice Chairman and Chief Executive Officer


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