Sabancı Group company Çimsa has announced its inflation-adjusted financial results for 2024. The company closed the year with a revenue of TRY 28.2 billion, supported by the implementation of its growth projects. The balance sheet includes the one-quarter impact of the Mannok acquisition, completed in October 2024, while increased sales volume and cost management in its Turkish operations stood out.
Çimsa achieved an EBITDA of TRY 5.6 billion, excluding one-off effects, driven by improvements in key cost items and efficiency initiatives at its plants. The company recorded an EBITDA margin of 20%, marking a 2-percentage-point increase compared to the previous year.
Commenting on the results, Çimsa CEO Umut Zenar emphasized that while executing transformation strategies through new investments, they remain committed to maintaining financial strength. Zenar stated:
“One of our top priorities at Çimsa is to preserve our strong balance sheet and prepare both our company and financial structure for the future. In line with our goal of creating value for our shareholders and investors, we are strengthening our product portfolio and sales channels while also enhancing the efficiency of our plants. At a time when profitability in our industry is under significant pressure both in Türkiye and globally, we have managed to increase our EBITDA margin by 2 percentage points, reaching 20% compared to the previous year. The steps we have taken pave the way for potential future growth. With the strength derived from our balance sheet, we will continue to solidify Çimsa’s presence in the global building materials industry. Our Mannok acquisition is a strong reflection of this approach. We will see the contribution of this acquisition to our product and geographical diversification even more clearly in 2025. Thanks to the synergy among Çimsa’s plants spanning three continents, we will witness an even stronger Çimsa in the coming period.”
