SABANCI HOLDING RAISES SALES BY 135% IN Q1

Sabanci Holding raised its combined sales by 135% to TRY 72.7bn in the first quarter (Q1) of the year. The holding company’s consolidated net sales totaled TRY 8.25bn in this period. “Operational and fiscal performance proceeds in line with our expectations, according to our financial results,” said Cenk Alper, CEO of Sabanci Holding. The conglomerate’s manufacturing group raised its export revenues by 24% on a USD basis in Q1, year-over-year. Its banking subsidiary increased its support to the national economy to TRY 568bn in total, including TRY 462bn in cash. Sabanci Holding will make 75% of its total investments in energy and climate technologies, materials technologies and digital technologies by the end of 2026. “Within this scope, we’ve started the acquisition process of the data-driven digital marketing company SEM and cyber security startup Radiflow,” said Alper.