Akçansa has disclosed its financial results for 2024, announcing a total sales revenue of TRY 21.6 billion for the year.
A joint venture of Sabancı Holding and Heidelberg Materials, Akçansa released its financial figures updated in accordance with inflation accounting. According to these figures, the company recorded total sales revenue of TRY 21.6 billion in 2024, while its earnings before interest, depreciation, and taxes (EBITDA) stood at TRY 3.9 billion.
Commenting on the results, Akçansa’s CEO Vecih Yılmaz stated: “With our integrated production system, efficient operational network, and focus on business optimization, we continued working toward a sustainable future for our country in 2024. Our total cement and related products sales volume increased by approximately 2% compared to the previous year. Despite the seasonal effects weighing more heavily in the last quarter of 2024, we achieved a sales volume similar to the third quarter in cement and related products. Looking at the ready-mix concrete sales volume, we observed a slight decline below the quarterly average for 2024 in the final quarter, with an overall decrease of 3% compared to 2023. Despite the impact of market dynamics and high financing costs, the continued demand for cement and stable energy prices helped mitigate the effects of inflation on our financial results. For the full year 2024, our net sales reached TRY 21.6 billion, with EBITDA recorded at TRY 3.9 billion.”
Yılmaz emphasized that Akçansa continues to advance with the goal of becoming the most valuable sustainable building materials company in Türkiye across all its operating regions. He added: “According to the results of the ‘Türkiye’s Top 500 Industrial Enterprises’ study conducted by the Istanbul Chamber of Industry (ISO), we ranked 84th in 2023, securing our place among the country’s largest 100 industrial enterprises. Additionally, we continued to implement projects that create value for a sustainable future. Last year, we published the first monitoring report of our Marmara Islands Artificial Reef Project.”
Highlighting that 2024 was a year of significant milestones and strategic collaborations, Yılmaz continued: “We take pride in being the first Turkish building materials company to sign the ‘CEO Water Mandate,’ an initiative under the United Nations Global Compact (UNGC). Our Bursa Aggregate Plant became the first and only facility in Türkiye to achieve platinum-level CSC certification in the aggregate sector, making it one of only 12 such facilities worldwide. As part of our commitment to the circular economy, we entered into a collaboration with ODAŞ to reintegrate fly ash from the Çan 2 Thermal Power Plant into the economy through circular processes. Additionally, in our port operations, we established a significant international partnership to expand our service portfolio on a global scale. Under our Akçansa Port brand, we signed an agreement with Grimaldi Group, a world leader in international Ro-Ro transportation, to provide Ro-Ro services to the group.”
