ŞİŞECAM GROUP REPORTS NET PROFIT OF TRY 1.7 BILLION FOR 2017

Şişecam's 2017 net sales rose 32 percent to TRY 11.3 billion

Şişecam Group's consolidated net sales for 2017 increased 32 percent compared to the same period of the previous year, reaching TRY 11.3 billion. Şişecam's net profit as of the end of 2017 stood at TRY 1.7 billion. The Group implemented approximately TRY 1 billion in capital expenditure during 2017, producing 4.8 million tons of glass, 2.3 million tons of soda ash and 4.2 million tons of industrial raw materials during this period. 28.02.2018 - Şişecam Group's consolidated net sales for 2017 increased 32 percent compared to the same period of the previous year, reaching TRY 11.3 billion, while net profit exceeded TRY 1.7 billion. The Group, which produces 4.8 million tons of glass in its domestic and foreign facilities, produced 2.3 million tons of soda ash and 4.2 million tons of industrial raw materials during this period. Following the disclosure of the financial statements relating to Şişecam Group's 2017 accounting period, Board Vice Chairman and General Manager Prof. Dr. Ahmet Kırman made the following assessment of the results: "As of the end of 2017, our consolidated net sales reached TRY 11.3 billion. International sales, which comprise exports from Turkey and sales from foreign production within consolidated sales, accounted for approximately 60 percent. During this period we achieved international sales at approximately TRY 6.8 billion level. As a result of our ongoing optimization work on cost and production geographic distribution, our consolidated EBITDA in 2017 reached TRY 3.1 billion."

TRY 1 billion capital expenditure

Prof. Dr. Ahmet Kırman stated that the Group implemented approximately TRY 1 billion in capital expenditure in 2017 and continued to contribute to the country's economy with USD 748 million in export revenue, saying: "We aim to further strengthen our financial structure in a way that will preserve the continuity of the Group's steady growth trajectory and support our growth in the periods ahead. We will continue to accelerate our work on optimizing our production points, and we will continue to optimize our costs using all effective methods, particularly increased automation. We are continuously making assessments regarding the policies to be followed in line with our objectives of sustainable profitable growth and operational excellence, taking into account the conditions prevailing in the global economy."

About Şişecam Group

Şişecam Group, among Turkey's most established institutions, is a global player in all basic areas of glass such as flat glass, household glassware, glass packaging and glass fiber, as well as in soda and chrome compounds. Operating in four main business groups—"Flat Glass", "Household Glassware", "Glass Packaging" and "Chemicals"—the Group produces in Turkey as well as in Germany, Italy, Bulgaria, Romania, Slovakia, Hungary, Bosnia and Herzegovina, Russian Federation, Georgia, Ukraine, Egypt and India. Today Şişecam Group, the world's third largest producer in household glassware, fifth largest in glass packaging and flat glass, is one of the world's top 10 soda producers and a global leader in chrome chemicals. With over 82 years of experience, more than 21,000 employees, production activities spanning 13 countries and sales in more than 150 countries, Şişecam continues on its path as an international group with the aim of being one of the world's top three producers in its main areas of activity.