Kerevitaş Achieves TRY 4.3 Billion Net Revenue

Kerevitaş increased sales by 27% between July and September compared to the same period last year, generating net revenue of TRY 4.3 billion, while EBITDA rose 72% to TRY 723 million in the same quarter. Kerevitaş reached total revenue of TRY 10.7 billion in the first nine months, with total exports of TRY 1.2 billion in the same period. Accounting for 34% of Turkey's fat exports in the margarine category, Kerevitaş maintained market leadership in Georgia, Romania, Albania, Kazakhstan, Kosovo, Madagascar and Iraq. Kerevitaş's leading brand SuperFresh reached a 43% market share in the third quarter with a +1.7 percentage point increase compared to the previous quarter, strengthening its clear sector leadership position. Following an innovation-driven growth strategy, SuperFresh continued to launch innovative products that set direction for the sector. With major brands such as Bizim Yağ and Teremyağ, which enjoy 100% brand awareness in Turkey's margarine market, Kerevitaş captured a 65.6% revenue share, maintaining its market leadership. [caption id="attachment_157828" align="aligncenter"] Kerevitaş Chief Executive Officer Mert Altınkılınç[/caption]

"Our sustainable success continues in 2023"

Kerevitaş Chief Executive Officer Mert Altınkılınç stated that as of the first nine months of 2023, they are continuing their growth focused on innovation and sustainability without slowing down, and continued as follows: "As Kerevitaş, while driving growth in sales revenue in line with our strategic channel-category perspective across all areas of operation, we continue to develop our product portfolio that addresses different needs, and we introduce our innovative products to our customers with an innovative outlook. On the other hand, with the responsibility of having the first R&D centers registered with the Turkish Ministry of Industry and Technology, we continue to accelerate our R&D and innovation investments. Along with our steady growth in Turkey, we are exporting to over 45 countries across five continents, bringing our products to the entire world. We aim to continue our sustainable growth from the first nine months of the year in the last quarter as well, closing 2023 with successful business results."