Sisecam: Sisecam: Better-than-expected operating results and bottom-line
Sisecam reported TL1,396mn net income in 2Q21 which was 19% above our estimate and 8% above cons. est. of TL1,297mn.
The company’s EBITDA surged by 207% y/y to TL1,856mn in 2Q21, which was 11% higher than our estimate of TL1,676mn
The company generated 26.2% EBITDA margin in 2Q21, 265bps higher than our estimate of 23.5% (Rasyonet Consensus: 23.7%).