Equity Analysis /
Turkey

Sisecam: Growth continues with improved margins

  • Based on latest estimate, we are revising up our 12-mnth TP by 43% to TL14.3, implying 63% upside potential

  • Targeted EBITDA margin revised up to 25% plus from 20% plus by management

  • Glass packaging investment in Hungary might increase capacity by 13%

Aytunc Uz
Aytunc Uz

Equity Research Analyst

ATA Invest
1 September 2021
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