Ülker continued to grow in the first nine months of 2020

Ülker continued to grow in the first nine months of 2020 due to a sustained focus on innovation, growing brands and building scale and reach.

Ülker continued to grow in the first nine months of 2020 due to a sustained focus on innovation, growing brands and building scale and reach. Türkiye's leading food company Ülker Biscuits net revenue grew by 19,3 percent in the first nine months of 2020 and it has reached 6.7 billion TL. Both Türkiye, exports and international operations have continued to expand.

Ülker Biscuits increased its nine-month net revenue in 2020 to 6.7 billion TL with an increase of 19,3 percent compared to the same period of the previous year. In a statement sent to the Public Disclosure Platform (KAP), the company announced that the Earnings Before Interest Tax, Depreciation and Amortization (EBITDA) increased by 22.6 percent compared to the same period of 2019, reaching 1,2 billion TL.

Ülker CEO Mete Buyurgan stated that they managed to continue to grow in the nine months of the year and said, “While our net revenue reached 6.7 billion TL, the share of our export and international operations in net revenue increased by 190 basis points to 40 percent, and its share in total EBITDA increased by 220 basis points and reached to 49 percent. Our consolidated EBITDA margin for nine months increased from 17 percent to 17.5 percent compared to the same period of the previous year. As a resilient company, we continue to reach our consumers with our production, sales and distribution activities during this challenging period, and to provide additional value to our country through employment, investments and exports.”

Stating that cost management and cost control management had an important impact on successful financial results, Buyurgan continued his words as follows: We have grown our market share in Türkiye through a continued focus on outstanding, differentiated innovation, by building on the equity of our much loved brands, and by extending our scale and reach within our market network. 

In addition to this, the we have continued focusing on sustainable production and supply, continuing our offering to local raw material procurement. We carried out an important project in order to put our producers support project on a sound basis. We have developed our local national first wheat project- Aliağa wheat with the collaboration of Bağri Dağdaş International Agricultural İnstitute. We have received an award from Mr. Bekir Pakdemirli the Minister of Agriculture and Forestry for Ülker’s ‘Aliağa Wheat Project’, a first of its kind creation developed. Aliağa Wheat is high-yielding, drought and disease resistant and has been developed to make a significant contribution in wheat demands of both the biscuit industry and manufacturers producing bread flour, with the aim to meet more than half of our biscuit wheat demand by 2023. We look forward to adding value to our land and country with our sustainability project”

    • Ülker Supports “Atalık Kavılca” Wheat with Limited Edition Product

      Ülker, a leading food company in Türkiye known for its commitment to sustainable raw material sourcing, has introduced a limited edition product called "Saklıköy Kavılca Buğday," made with Atalık Kavılca Wheat, one of Anatolia's oldest agricultural products with a history dating back 13,000 years....

    • Ülker invest in supplementary food products

      A new brand from Ülker: Everwell Ülker, which stepped into the food supplement industry for the first time with "Pastil", further strengthens its claim in this category with the "Everwell" brand. Food supplement products developed by Ülker in cooperation with TÜBİTAK and released under the Everwell brand will be sold with a widespread distribution strategy....

    • Ülker's 2022 Sustainability Report has been published

      Ülker, operating with a waste-free company model since established, has published its 2022 Sustainability Report. Ülker meets approximately 43% of its electricity consumption from renewable sources, and has initiated a carbon management program that encompasses the entire value chain, from sustainable raw material sourcing to packaging management, logistics, and waste recycling. The company continues its efforts to control greenhouse gas emissions in all areas with the goal of becoming a "net zero company by 2050. ...

    • Ülker announced its first half-year financials

      Ülker Bisküvi closed the first half of 2023 with a sales revenue of 19.6 billion TL. The share of Turkiye operations in the sales revenue was 66%; while, the share of export and international operations in the sales was 34% ...