The Consolidated Sales of Sabancı Holding was TL 6,725 Million in the First Quarter of 2015

11.05.2015

  • THE CONSOLIDATED NET PROFIT OF SABANCI HOLDİNG WAS TL 648 MILLION IN THE FIRST QUARTER OF 2015.
  • ZAFER KURTUL, SABANCI HOLDİNG CEO, STATED: “ENERJİSA POSTED A NET PROFIT OF TL 289 MILLION WITH THE CONTRIBUTION OF HIGHER PRECIPITATION AND WITH INCREASED EFFICIENCY IN THE DISTRIBUTION REGIONS. ”
  • “SASA DIVESTMENT WAS COMPLETED IN APRIL.”

Zafer KurtulThe consolidated revenues of Sabancı Holding in the first quarter of 2015  were  TL 6,725 million.

The consolidated net profit of Sabancı Holding in the first quarter of 2015 was TL648 million with a 54% increase compared to the same period in the previous year.

As of March 31, 2015, the total assets of Sabancı Group has risen to TL 245.6 billion, and the total consolidated shareholders’ equity has risen to TL 19.5 billion.

Sabancı Holding CEO Zafer Kurtul evaluated the results of the first quarter of 2015:

-“INCREASING ITS ASSETS BY 7% COMPARED TO THE END OF THE PREVIOUS YEAR, AKBANK CONTINUES TO GROW.”

“The consolidated net profit of Akbank in the first quarter of 2015 is TL785 million. The assets of Akbank have risen by 7% and exceeded TL233 billion compared to the end of the previous year.  The support Akbank has provided for the economy with cash and non-cash loans has exceeded TL174 billion. Akbank’s non-performing loan ratio, 1.7% is one of the lowest in the banking sector.

-“ENERJİSA HAD A VERY STRONG QUARTER”

"Following the drought in 2014, the first months of 2015 have been quite productive for hydroelectric power plants. The decrease in the electricity prices due to the high production of hydroelectric power plants has not affected Enerjisa adversely thanks to commercial optimization activities. On the other hand, the increased in efficiency in the distribution and retail activities affected the performance of the Company performance positively. Enerjisa made a net profit of TL289 million in the first quarter of 2015”.

-“CARREFOURSA STRENGTHENS ITS POSITION IN THE RETAIL INDUSTRY.”

“We have continued to work for improving the profitability of Carrefoursa by making the brand  simpler, more accessible, modern and more genuine in the retail industry since 2014, after taking over the management as Sabancı Holding.  The Company posted a net profit of TL113 million in the first quarter of 2015. We added 81 stores to our portfolio in the first quarter. We aim to increase our revenues by 30% to reach TL 4 billion and open 200 stores by the end of this year.”

-“AVİVASA, ONE OF THE LEADING COMPANIES OF THE FAST- GROWING PRIVATE PENSION INDUSTRY, CONTINUES INCREASING ITS PROFITABILITY”

“At the end of the first quarter of the year, Avivasa, one of the leading companies of the private pension industry, increased its assets under management by 41% compared to the same period of last year and reached  assets under management of TL7.6 billion. The net profit of the company has risen by 35% in the first quarter of the year compared to the same period in the previous year.

-“OUR CEMENT COMPANIES MAINTAINED THEIR PROFITABILITY.”

“Although the weather conditions were more adverse in the first quarter of 2015  than the same period of the previous year, cement demand continued to be strong. The total net profits of our cement companies have risen by 4.5% compared to the same period in the previous year.

An investment of USD 165 million will be made to reconstruct our Afyon cement plant with state of the art technology and at a location out of the city, with a clinker capacity of 1.3 million tons.

-“OUR INDUSTRIAL COMPANIES ARE POSITIONING AS SOLUTION PARTNERS, PROVIDING VALUE FOR THEIR CUSTOMERS”

“Brisa, one of the seven largest tire producers in Europe, has increased its original equipment sales by 23% with its sales to domestic automotive manufacturers where an increase of 50% has been observed compared to the same period in the previous year. The Company has also achieved a growth of 21% in the replacement market sales volumes. The first quarter revenues of Brisa are TL389 million and its net income for the period is TL28 million. Brisa has been working successfully to provide its customer-specific solutions in an accessible way and so as to contribute to sustainability with the innovation culture created within the company.

Kordsa Global brought the second tire cord fabric and polyester thread factory into service in Indonesia in January with an investment of USD 100. The Company is one of the most valued solution partners of the world's leading tire producers with ten manufacturing plants located in eight countries and a network spreading over five continents. The key to Kordsa Global's success is its support to producers. This investment made in Asia, where the production growth is strong, is the largest investment we made outside of Turkey. The net sales of Kordsa Global in the first quarter of 2015 was TL411 million.”

-“SABANCI HOLDİNG CONTINUES TO STRUCTURE ITS PORTFOLIO IN LINE WITH ITS TARGET OF  SUSTAINABLE PROFITABLE GROWTH.”

Kurtul completed his statement as follows: “As of April 30, 2015, we have completed the divestment of Sasa shares.

I would like to thank our employees, customers and shareholders for their contribution to the results we have achieved.”