CCI Continues its High-Quality Growth in 2018
In 2018, CCI net sales revenue increased by 26.6% and EBITDA increased by 35.7%. ‘We are pleased with the quality growth in 2018, once again delivering on our strategic growth equation with net revenue growth ahead of volume and EBITDA growth ahead of net revenue growth’ said CEO Burak Başarır.
CCI, which operates in 10 countries including Turkey, Middle East, Central Asia and Pakistan with 26 plants and nearly 8,500 employees, has announced its financial results of 2018. CCI increased its consolidated sales volume by 6.3% to 1.3 billion unit cases, net sales revenue by 26.6% to TL 10.6 billion and EBITDA by 35.7% to TL 1.9 billion. In addition, CCI's Board of Directors announced a divident distribution proposal of 300 million TL to its shareholders for 2018.
CCI CEO Burak Başarır commented on CCI’s financial results and declared that CCI continues its high quality growth through growing its net revenue ahead of volume and its EBITDA ahead of net revenue. Başarır stated that their successful portfolio strategy enabled CCI to drive IC packs and grow in almost all our markets.
In Turkey, CCI recorded the highest annual volume growth since 2012 with strong momentum in the Sparkling category. CCI Pakistan managed to deliver 7.3% volume growth, outperforming the overall Sparkling market growth on the back of continuous improvement in market execution and the inauguration of the Faisalabad plant in April. Central Asia operations maintained their strong momentum, with almost all markets posting double-digit volume growth. Successful market execution and effective marketing campaigns provided market share gains in key markets.
We will turn challenges into opportunities in 2019
“Having delivered on CCI’s 2018 guidance with a solid performance, we will remain focused on quality growth through a disciplined financial management. As we begin to execute our plans for 2019, we are confident in our execution to turn challenges into opportunities, achieve sustainable quality growth and create value for our stakeholders.” said Başarır.