Sisecam: 3Q22 review – Better than expected results

  • Sisecam reported TL 4,801mn net income in 3Q22 which was 10% above our estimate of TL 4,384mn

  • The company’s EBITDA surged by 189% y/y to TL5,730mn in 3Q22, which was 2% higher than our estimate

  • The company generated 22.0% EBITDA margin in 3Q22, 48bps higher than our estimate of 21.5%

November 1st, 2022
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ATA Holding is a third-generation family-owned conglomerate, primarily active in financial services, food & retail, technology and rea estate. ATA Group consists of more than 20 companies, with a total consolidated sales figure exceeding US$2.0bn.


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