Çimsa achieved a profit of 1.4 billion TL in the third quarter.

Çimsa's Third Quarter Performance

Çimsa, a significant subsidiary of Sabancı Holding, announced its financial results for the third quarter of 2023. The company, adjusted for inflation accounting, increased its net sales to 33.1 billion TL in the first 9 months of the year. This figure indicates a real increase of 34 percent compared to the same period last year.

EBITDA Performance

The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) also showed a notable increase, reaching 5.8 billion TL. This value represents a 12 percent increase.

CEO Umut Zenar's Statements

Çimsa's CEO Umut Zenar stated that the transformation strategies implemented over the last 5 years have begun to yield strong results. Zenar emphasized that the investments made and the expanding product portfolio have positively contributed to the company's growth.

Mannok Holdings Acquisition and Global Investments

Zenar highlighted the impact of the Mannok Holdings acquisition on the balance sheet, stating, "With our recently commissioned facility in the USA, we have become a local producer in grey cement as well as white cement. This strategic investment will help expand our global footprint while increasing our foreign currency-based revenues," he said.