Kerevitaş Posts Revenue of TRY 6.3 Billion

Kerevitaş Generated TRY 6.3 Billion in Revenue Kerevitaş's consolidated revenue in the first half of the year increased by 20 percent compared to the same period of the previous year, reaching TRY 6.3 billion. During the same period, the company achieved gross profit of TRY 1.34 billion and EBITDA of TRY 735 million, with first-half exports totaling TRY 709 million. Kerevitaş continued its growth performance focused on innovation and sustainability without slowing. Exporting margarine to over 40 countries across 5 continents, Kerevitaş alone accounted for 34 percent of Turkey's fat exports. Kerevitaş's SuperFresh brand maintained its leadership in the frozen food category in the second quarter with a 41 percent revenue market share. In the margarine market, Kerevitaş strengthened its leading position with a 65.9 percent revenue share, while Ülker Bizim Yağ maintained clear leadership in the packaged segment with a 33 percent revenue share, and Ülker Teremyağ led the tub margarine segment with a 55 percent revenue share. [caption id="attachment_155908" align="aligncenter"] Kerevitaş CEO Mert Altınkılınç[/caption]

"We maintain our leadership through the value we create in the broad ecosystem in which we operate"

Kerevitaş CEO Mert Altınkılınç made the following comments on the subject:

"Since our founding, we have worked to provide our customers with quality, healthy and reliable products in the frozen food and fat markets. In addition to the steady growth we have sustained in Turkey, through our strong exports we bring our products to the entire world. Our financial results for the first six months of 2023 prove this successful performance. On the other hand, we continue to transform the sector through our innovation-focused sustainability projects. In the coming period, we will continue our sustainable success through the value we create for our stakeholders in the broad ecosystem in which we operate."