Earnings Report /
Turkey

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%).

Aytunc Uz
Aytunc Uz

Equity Research Analyst

ATA Invest
3 August 2021
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