27.2 billion TL net profit from Sabancı Holding

Continuing to grow in line with its strategic priorities, Sabancı Holding announced its financial results for the first 9 months of 2022. In the said period, Sabancı Holding increased its combined sales by 175 percent to TL 275.4 billion, with a consolidated net profit of TL 27.2 billion for nine months. Making evaluations on the subject, Sabancı Holding CEO Cenk Alper emphasized that the importance of sustainability and digital in the world is increasing day by day. Alper said, “As the Sabancı Group, we are implementing an important transformation towards becoming the ‘Sabancı of the World’, together with all our companies, by focusing on sustainability and digital, in line with our Group Promise and our strategic priorities.” used the phrase. Stating that the energy business lines lead the transformation within the Sabancı Group, Alper said, “It is one of our business lines that lead this transformation within the Sabancı Group. In the past months, our Enerjisa Üretim company has commissioned Turkey’s first unmanned hydroelectric power plant and continues to rapidly realize its wind energy investments. The share of renewable energy in our portfolio will reach 57 percent in 2026, with the Kayseri Erciyes Wind Power Plant (WPP), which started production in the past weeks and has an installed capacity of 65 MW, as well as an additional 1,000 MW wind energy investment that we will implement in the coming period. In addition, we carry our renewable energy investments beyond Turkey through our Sabancı Climate Technologies company, while making strategic investments in various US-based venture capital funds and start-ups. In this context, we made a fund investment as part of our strategic partnership with Safar Partners, one of the leading venture capital fund management companies in the USA, and made direct investments in Commonwealth Fusion Systems and Quaise Energy start-ups.” he said. Alper said that Kordsa signed a strategic cooperation agreement with Ohio-based new generation thin-film solar panel manufacturer Toledo Solar Inc. While announcing investments worth of its own, it continues its domestic and international investments with great stability. In our Financial Services business line, we are bringing a new dynamism to the health ecosystem with our Sabancı Ageas Health Insurance company, which we established with our mission of leadership in new generation insurance services.” said. Noting that SabancıDx, which has steered the digital transformation of the Sabancı Group in recent years, is now rapidly advancing towards becoming a global brand serving different companies around the world, Alper said: “In addition to our investments in digital technologies, one of the three main elements of the new economy, we We continue to support early stage startups in Turkey with our Venture Capital Fund, Sabancı Ventures. On the other hand, with the Sabancı ARF program, which we started within the Holding, we support entrepreneurs from within and outside the Group to implement their ideas, while also pioneering the spread of the open innovation culture, which we consider very important for the technological development of our country, in the business world.”

It marked the World Business Council for Sustainable Development

Continuing to focus on climate emergency and sustainability studies in this period, Sabancı Holding strengthened its role in these areas in Turkey and in the world. Stating that Sabancı Holding took place as a speaker in three panels at the annual meeting of the World Business Council for Sustainable Development (WBCSD), of which he has been a member since 2020, Alper said, “In WBCSD, one of the most influential business world platforms in the field of sustainability, the Group Together with our presidents, we shared the best practices of our Group with the participants. While expressing how important sustainability, digital and responsible investment understanding that guide the roadmap of Sabancı Group are for the future of our country, region and world, we also underlined our mission to lead the business world. The feedback we received at the event, attended by nearly 400 senior executives, showed us how on the right track we were, encouraged us for a sustainable life, and further strengthened our determined stance in this area.” said.

Turkey’s largest social responsibility campaign

Underlining that Sabancı Group, which continues its strong growth in all main business lines, continues to implement pioneering and exemplary projects in order to increase its positive impact on people and society, Alper said, “The Sabancı Republic Mobilization, which we started last year in Adana, the place where our Group was established, this year, we turned it into Turkey’s largest social responsibility movement. With the participation of 16 companies and institutions, we are on the field throughout the year with 120 events to be held in 41 provinces and more than 15 thousand Sabancı Volunteers. Our projects will not only support Turkey’s social development, but also raise awareness about volunteering in our country. As we did last year, we will present all of our works that we will carry out within the scope of the mobilization to the Great Leader Mustafa Kemal Atatürk on November 10 this year, and we will keep his memory alive by working for our country.” he said.