Sabancı Holding’s CEO Mehmet Göçmen: “We take our strength from our responsibility towards the country”

27-08-2018

Sabancı Holding achieved financial success in the first quarter of 2018 and sustained this success in the second quarter of the year. In the first six months of 2018, Sabancı Holding’s combined sales increase by 32 percent in comparison to the first period of 2017 and reached 40 billion TRY. The equity level of the primary partnership grew even stronger and the consolidated figure marked a total of 27 billion 825 million TRY.

The combined sales of the Sabancı Holding increased by 32 % in the first six months of 2018 according to year on year figures and approximated to 40 billion TRY. The net profit from the consolidated primary participations of the Sabancı Holding increased by 52 % in the first six months of 2018 according to the year on year figures and totaled 2 billion 222 million TRY.

Sabancı Holding increased its operational profitability in the first six months by 14 % and brought it up to 4 billion 920 million TRY mark. The total assets of Sabancı Holding reached up to 383 billion 952 million TRY as of the first six months of 2018 and total equity owned by the consolidated primary participations was 27 billion 825 million TRY.

Mehmet Göçmen, the CEO of Sabancı Holding, made a statement relating to the matter and said: “Despite all circumstances, we never lose our faith in working harder and producing more through our trust in our country and our value creation culture. We believe that the keys to overcome this challenging time and to look into future with confidence are the constructive and genuine approaches of all economic stakeholders and our community and their supportive efforts. As Sabancı Group, we achieved a successful performance in the first quarter thanks to our flexible and active management approach and capacity to adapt to the current circumstances and sustained this success on the second quarter of 2018. Thanks to our strong equity, effective risk management and strong cash generating capacity, we are pleased that our Group can highly contribute to Turkey and our investors. We always take our strength from our responsibility towards the country.