Çimsa maintained its strong financial position throughout 2024, closing the year with a revenue of 28.2 billion TL. Excluding one-off effects, the company recorded a net profit of 3.5 billion TL.
As a subsidiary of Sabancı Group, Çimsa has announced its inflation-adjusted financial results for 2024, marking the successful execution of its growth strategy while maintaining a robust balance sheet.
The financial results incorporate the impact of the Mannok acquisition, completed in October 2024, for a single quarter. Çimsa’s revenue for the year reached 28.2 billion TL, driven by increased sales volumes in its Turkish operations, improvements in key cost components, and enhanced efficiency measures across its production facilities. Excluding one-off effects, EBITDA reached 5.6 billion TL, with an EBITDA margin of 20%, representing a two-percentage-point increase compared to the previous year.
“EBITDA Margin Increased by Two Percentage Points, Reaching 20%”
Commenting on the results, Çimsa CEO Umut Zenar highlighted the company’s commitment to financial discipline and strategic growth: “At Çimsa, one of our key priorities is to safeguard the strength of our balance sheet, ensuring long-term resilience while positioning the company for sustainable growth. In line with our objective of delivering value to our shareholders and investors, we continue to strengthen our product portfolio and sales channels while optimizing operational efficiency across our facilities. Despite a challenging global market environment, where profitability pressures persist across the industry, we have successfully increased our EBITDA margin by two percentage points to 20%. These advancements reinforce our foundation for future growth and expansion. Leveraging our solid financial position, we will continue to enhance Çimsa’s presence in the global building materials sector. Our recent acquisition of Mannok serves as a strong testament to this strategy. In 2025, we anticipate further benefits from this acquisition, particularly in terms of product and geographic diversification. With the operational synergies among Çimsa’s facilities spanning three continents, we are well-positioned for further growth and value creation in the coming period.”
