The consolidated net sales of Şişecam Group for the fiscal year 2018 reached the level of nearly $2.7 billion (TRY 15.6 billion) with an increase of 37% compared to the same period of the previous year. The group also reported a net profit of $582 million (TRY 3.4 billion). The group’s total glass production volume was 4.9 million tons at its domestic and overseas plants.

In his statements regarding the financial results for fiscal year 2018, Ahmet Kırman, Şişecam Group vice chairperson and CEO, says, “…The share of international sales, which represents the total sales made up of exports from Turkey and sales made as a result of our overseas production operations, reached the level of roughly 61%. In consequence of our ongoing optimization efforts regarding cost, geographical distribution of production, etc., our consolidated EBITDA volume was at the level of $839 million (TRY 4.9 billion).”

“While improving our revenues and profitability during the period 2018, we have also made significant investments in support of our long-term sustainable growth. In order to reinforce our effectiveness in our existing markets, we concluded two acquisition operations during that period in Italy and India in the flat glass line. We have gained the principal shareholder status at our flat glass subsidiary in India, a country amongst the most attractive developing markets of world,” continues Kırman. “We will continue our investments in India in line with the growth opportunities offered by this market with an important potential thanks to its increasing glass demand. We have increased our flat glass production capacity in Italy by two-fold upon completion of the acquisition process for Manfredonia plant. We have further strengthened our leading position in Europe through the acquisition of this plant with an annual production capacity of 190,000 tons.”

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