Business

Sabanci Holding’s 9-month turnover is ₺58.9 billion

Sabanci Holding made a net profit of ₺5 billion 773 million in the 9-month period of 2021, excluding one-time revenues. The consolidated net sales of the holding also increased by 38% and reached ₺58.9 billion.

Sabanci Holding CEO Cenk Alper stated that they attach importance to digital transformation and underlined that they continue to grow strongly despite all the limitations of the epidemic, thanks to the technology-oriented investments they have implemented in recent years.

WE SHOWED OUR DURABILITY

Stating that constantly searching for the better and constantly trying to improve processes are among the most important elements of Sabanci’s business culture, Alper said, “With our strong financial risk management approach and practices, we have demonstrated our financial resilience despite the volatility in exchange rates and interest rates. During this period, we continued to generate strong cash flow and strengthened our balance sheet. Despite the disruptions in its global supply chains, it has been able to meet the demands of its customers firmly.”

Source: Sabah / Translated by Irem Yildiz

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