Turkey's Sabanci sees 2021-25 sales growth of CPI +8%

Haci Omer Sabanci Holding

24/02/2021 08:07

ISTANBUL, Feb 24 (Reuters) - Turkey's Sabanci Holding
 SAHOL.IS  aims to achieve sales growth of 8% more than the
consumer price index (CPI) during the 2021-2025 period, its
Chief Executive Cenk Alper said on Wednesday.
    Speaking in a news conference following its 2020 results,
Alper also said the conglomerate aims to achieve EBITDA growth
of 10% on top of CPI in the same period.
    The conglomerate's net profit rose by some 26% to 4.77
billion lira ($670 million) last year, while it recorded a 14.6%
increase in its revenue, according to its financial reports.
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($1 = 7.1159 liras)

 (Reporting by Ceyda Caglayan
Writing by Ezgi Erkoyun
Editing by Daren Butler)
 ((ezgi.erkoyun@thomsonreuters.com; +90-212-350 7051; Reuters
Messaging: ezgi.erkoyun.thomsonreuters.com@reuters.net;))