05/06/2015

SISECAM GROUP REPORTED NET SALES OF TL 6.9 BILLION, A 15% INCREASE ON A YEAR-OVER-YEAR BASIS

Şişecam Group, a global actor in business fields including all main areas of glass (flat glass, glassware, glass packaging and fiberglass) as well as soda and chrome compounds, reported consolidated net sales of TL 6.9 billion, up 15% compared to the previous year. In 2014, the Group produced 4.2 million tons of glass, 2.1 million tons of soda and 4 million tons of industrial raw materials.

Istanbul, Turkey, 21 April, 2015 – Sisecam Group announced consolidated net sales of TL 6.9 billion, net profit of TL 420 million and the EBITDA volume of TL 1.4 billion for the year ended December 31, 2014, thanks to the successful performance in all product segments.

Vice Chairman and Chief Executive Officer, Prof. Dr. Ahmet Kırman said: "In 2014, Sisecam, a group with manufacturing activities in 13 countries in 3 continents and sales in 150 countries all over the world, achieved a significant increase in its international sales in addition to its domestic sales in Turkey. The share of international sales, which represent the exports from Turkey and the sales from overseas production, in total sales reached 52%. In this regard, the exports of the Şişecam Group from Turkey reached USD 837 million in 2014."

Sisecam Group continues to strengthen its financial structure

“In 2014, Sisecam Group’s growth continued in expected manner with the investment spending of TL 1.2 billion. We took significant key steps to improve the partnerships and acquisitions achieved by the Group in 2013 in various geographical areas. This growth was backed by the projects and R&D efforts across the entire value chain, with an approach focused on total cost management and efficient use of resources. Our efforts also continued for restructuring the operating model in order to increase the competitiveness in response to the uncertainties of the markets. Despite all these investments, we reduced our net indebtedness to TL 1.1 billion with the high cash-generation capacity of our operations, and thus maintained to strengthen our financial structure thanks to shareholders equity and liquid resources which reached TL 7.2 billion and TL 2.8 billion, respectively.”

Source: Şişecam Group/sisecam.com