“This figure excludes any acquisitions or mergers that may emerge within the year based on strategic developments,” Sabancı said in a filing with Borsa Istanbul on Feb. 25.
It also noted that it expects combined sales to grow between 10 to 20 percent this year.
Sabancı’s combined net profit rose by 10 percent on an annual basis to 3.83 billion liras.
“Rebalancing in the Turkish economy has begun. We are expecting long-term reforms after the [March 31 local] elections. We have taken our precautions. We will continue to produce and invest,” Göçmen said.
Sabancı operates in industry, banking, insurance, retail, insurance, energy and cement sectors.
The group’s companies operate in 16 countries and market their products in regions across Europe, Middle East, Asia, North Africa, and North and South America.
It employs more than 60,000 people.