Ülker announces first quarter 2023 financial results

Ülker Bisküvi increased its sales revenue to 10.1 billion TL in the first quarter of 2023. The share of Turkey operations in the sales revenue was 66, and the share of export and international operations in the sales revenue was 34

According to the statement sent to the Public Disclosure Platform (KAP), Ülker Bisküvi increased its sales revenue to 10.1 billion TL in the first quarter of this year. The share of the company's Turkey operations in the sales revenue was 66, the share of the export and international operations in the sales revenue was 34.

Stating that Ülker Bisküvi continues to contribute to Turkey with all its activities, Ülker CEO Mete Buyurgan conveyed the following information about the first quarter results: “On February 6, there was a huge earthquake disaster affected 11 provinces and deeply saddened all of us. From the first day of the earthquake, we took action very quickly and sent our products to the region. We sent the Nourishing Biscuit, which we developed in a very short time, to the disaster area and stood by the disaster victims and we continue to do so. On the other hand, we finished the first quarter of 2023, which started quite difficult, with very successful results.”

Stating that they signed important syndicated loan agreements in the first quarter of the year, Buyurgan continued: “In the leadership of Bank of America, Coöperatieve Rabo Bank U.A. and Emirates NBD Bank Capital Limited and with the participation of JP Morgan Chase Bank, N.A, Sharjah Islamic Bank PJSC and Gulf Bank, we signed a loan agreement worth $248 million in total. We also signed a loan agreement of EUR 75 million with the European Bank for Reconstruction and Development (EBRD). While these agreements are an indicator of the trust of international banks in our company and in our country, they came to the fore as Ülker's first sustainability-related agreements. We continued our sustainability approach, which is at the center of our way of doing business, in the field of finance as well.”

    • 1002 Teams Competed at bizz@kampüs for Ülker Çizi

      The Red Ideas team won the first place at bizz@kampüs, where innovative marketing-oriented ideas for Ülker Çizi competed. 1002 teams and more than 2500 students from 97 universities applied to the competition and the top 3 teams won a total of 165,000 TL in prize money and the opportunity for long-term internships....

    • Ülker has announced its financial results for 2023

      Türkiye’s leading food company Ülker Bisküvi closed the year 2023 with a sales revenue of 56 billion TL. The company aims to continue its leadership and strong growth in the markets it operates in during 2024....

    • Autonomous mobile robots project from Ülker

      Turkey's leading food company, Ülker, has accelerated its digitalization and technology investments across various operational areas, including human resources, performance management, and sales, recently implemented 20 autonomous mobile robots (AMRs) at its Gebze Factory. Autonomous Mobile Robots’s are capable of transporting over 2,600 different types of materials including raw materials and packaging. These robots are set to enhance production efficiency and cost advantage at the facility....

    • Ülker Secures First Place Internationally…

      Türkiye's leading food company, Ülker, attained a significant milestone, clinching the top spot globally in its category for environmental, social, and governance (ESG) performance. Among the 108 companies spanning all sectors listed on Borsa Istanbul, Ülker emerged as the leader. ...