Şişecam Reports 13 percent Increase in Net Sales

Glass Magazine
September 9, 2016

Şişecam Group increased its total consolidated net sales revenue by 13 percent year-over-year in the first half of 2016, exceeding 4 billion Turkish lira ($1.35 billion). The Group reported a net profit of TL 390.5 million ($131 million) for the same period.

In the same period, Şişecam, a group with manufacturing activities in 13 countries in three continents and sales all over the world, produced more than 2.1 million tons of glass, more than 1.1 million tons of soda and more than 1.8 million tons of industrial raw materials.

"In the first half of 2016, our consolidated net sales have surpassed TL 4 billion. The share of our international sales representing the total amount of exports from Turkey and sales from overseas production is 51 percent in our consolidated sales," says Prof. Ahmet Kırman, vice chairman and chief executive officer. "During the same period, international sales volume reached USD 697 million. Thanks to ongoing efforts to optimize the cost structure and the geographical distribution of production activities, consolidated EBITDA in the first half of 2016 was TL 877 million.

"Our aim is to further strengthen our financial structure by focusing on sustainability in such a way as to support our growth potential in the near future. Efforts to optimize production facilities and the cost structure will continue at an increasing pace, with a special emphasis on increased use of automated systems," Kırman says.