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Related Companies
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[SAHOL]
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Related Funds
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English
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oda_ForwardLookingEvaluationsAbstract|
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oda_UpdateAnnouncementFlag|
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Hayır (No)
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oda_CorrectionAnnouncementFlag|
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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29.02.2016
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_AnnouncementContentSection|
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oda_ExplanationSection|
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oda_ExplanationTextBlock|
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2016 guidance for Energy Group of Sabanci Holding, previously provided on February 29, 2016, is updated. The sales growth guidance for Energy Group is revised downwards based on the decrease in total sales volume in the retail business as a result of the strategy of focusing on customers with higher profitability. The EBITDA growth guidance for Energy Group is revised upwards due to operational improvements and higher operational profitability in the retail and distribution businesses.
Accordingly; at the meeting of our Board of Directors dated August 11, 2016; it was resolved to disclose the forward looking statements to the public in accordance with Article 10 of Communiqué on Material Events Disclosure numbered II-15.1 and
it was resolved to authorize Güler Sabancı, Chairman, Zafer Kurtul, Board Member and CEO, Barış Oran, CFO and Eren Mantaş, Director, Financial Planning, Analysis and Investor Relations, to announce the forward looking statements of our Company as indicated below.
2016 Growth Guidance (%) Guidance on February 29 Current Guidance -------------------------------------------------------------------------------------------------------- SABANCI HOLDING COMBINED SALES 10 - 15 10 - 15 COMBINED NON-BANK COMBINED EBITDA 20 - 30 20 - 30 INDUSTRIALS COMBINED SALES 10 - 20 10-20 COMBINED EBITDA 5 - 10 5 - 10 ENERGY COMBINED SALES 10 - 15 5 - 10 COMBINED EBITDA 40 - 50 45 - 55
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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