Kerevitaş Reports Revenue of TRY 8.5 Billion

Kerevitaş Achieved TRY 8.5 Billion in Revenue Kerevitaş's consolidated revenue in the first nine months of 2022 reached TRY 8.5 billion, up 169% compared to the same period of the previous year. Kerevitaş disclosed its third quarter 2022 financial results to the Public Disclosure Platform (KAP). Kerevitaş's consolidated revenue for the first nine months of 2022 increased by 169% to TRY 8.5 billion compared to the same period of the previous year. During this period, Kerevitaş maintained steady growth in both domestic and export markets with its innovative product portfolio. The company's exports for the first nine months of 2022 reached TRY 1.1 billion, up 136% compared to the same period of the previous year. SuperFresh, a leading brand in the frozen food and canned products sector operating under Kerevitaş, continued its market leadership during this period through innovative product launches. In the first nine months of the year, SuperFresh presented 17 new products to consumers, including channel and customer-specific products. Perfetto Pizza, which stands out in the Pizza category with its unique proprietary dough, and Pizza King Slimmo varieties; Sucuklu Burger and Green Burger in the Meat category, which were market firsts and gained significant consumer approval, contributed to SuperFresh's rapid growth during this period. At the end of the third quarter, SuperFresh strengthened its market leadership with a 22.9% revenue share. In the Turkish margarine market, Kerevitaş reached a 63% revenue share in the third quarter of the year with brands such as Bizim Yağ and Teremyağ, which have the highest penetration and loyalty rates, while strengthening its export position by adding more than 20 new countries to its portfolio. With brands such as Hamur Bizim İşimiz, its first product transferred from digital to shelves, and Teremyağ, the most innovative brand in the category in both product and communication terms, the company maintained a clear market leadership position. [caption id="attachment_140803" align="aligncenter"] Kerevitaş Chief Executive Officer Mert Altınkılınç[/caption]  

Kerevitaş Chief Executive Officer Mert Altınkılınç made the following comments regarding the third quarter growth figures:

"We are market leaders with hundreds of products in the fresh frozen food, canned products and margarine markets, and with the most preferred brands by consumers in our country and around the world. With our innovative products and investments in innovation and R&D, we have fully met consumer expectations. We aim to continue our successful results and steady growth achieved in the first nine months of 2022 in the last quarter of the year, closing 2022 with new growth records."