Şişecam At a Glance
An innovative organization
always developing and
growing
with its deep-rooted history
Şişecam is an industrial enterprise conducting business operations on an international scale in the main business lines of architectural glass, industrial glass, glassware, glass packaging, and chemicals with about 25,000 employees in 14 countries.
Exporting its products to more than 150 countries around the world, Şişecam generates more than half of its sales in international markets.
Founded in 1935 by İşbank under the directive of Atatürk, Şişecam is one of the most established industrial organizations in Türkiye with 88 years of corporate history. Due to its specialization, advanced technological capabilities, and numerous competitive advantages, Şişecam is one of the most prestigious manufacturers in the world.
| ŞİŞECAM CREDIT RATING | |
|---|---|
| Moody’s | B3/Positive |
| Fitch | B/Stable |
| JCR Eurasia | BBB-/Stable |
| ŞİŞECAM CORPORATE GOVERNANCE RATING | |
| December 16, 2023 | 9.64 |
Şişecam is traded on Borsa Istanbul under the ticker SISE.
Architectural Glass
10 production facilities in six countries
Industrial Glass
Uncompromising approach to customer satisfaction
Glassware
Market-driven product portfolio management
Glass Packaging
Leading position in its markets of operation
Chemicals
One of the world’s two largest soda producers
Energy
Electricity generation from renewable sources
Other
Seamless quality supply chain management
Powered by production
capabilities,
solid and
successful steps forward
Şişecam touches every aspect of life in more than 150 countries around the world through its business lines in architectural glass, industrial glass, glassware, glass packaging, chemicals, and energy.
Long-established entity,
Innovative approach
Şişecam is an industrial enterprise conducting business operations on an international scale in the main business lines of architectural glass, industrial glass, glassware, glass packaging, and chemicals.
Consolidated Financial Indicators*
| Financial Indicators | 2022 | 2023 |
|---|---|---|
| (M TL) | (M TL) | |
| Total Assets | 288,985 | 291,212 |
| Equity | 173,450 | 167,127 |
| Sales | 170,655 | 151,994 |
| Gross Profit | 54,583 | 41,938 |
| Operating Profit before Financial Expenses (EBIT) | 32,364 | 21,199 |
| EBITDA | 44,195 | 31,470 |
| Profit for the Period | 24,033 | 18,978 |
| Net Financial Debt | 28,070 | 39,404 |
| Financial Ratios | 2022 | 2023 |
|---|---|---|
| Current Assets/Current Liabilities | 2.12 | 1.69 |
| Equity/Total Equity and Liabilities | 60.0% | 57.4% |
| Net Financial Debt/Total Equity and Liabilities | 9.7% | 13.5% |
| Net Financial Debt/Equity | 19.7% | 27.7% |
| Gross Profit/Sales Revenue | 32.0% | 27.6% |
| EBITDA/Sales Revenue | 25.9% | 20.7% |
| EBIT/Sales Revenue | 19.0% | 13.9% |
| Net Financial Debt/EBITDA | 0.6 | 1.3 |