Kerevitaş's Q1 2022 Consolidated Revenue Up 143%

Kerevitaş Q1 2022 Consolidated Revenue Up 143% Kerevitaş disclosed its first-quarter 2022 financial results to the Public Disclosure Platform (KAP). According to the disclosed data, Kerevitaş's consolidated revenue for the first quarter of 2022 increased by 143% compared to the same period of the previous year. Kerevitaş, one of Turkey's leading companies in the frozen food, canned goods and margarine market, shared its financial results for the first quarter of 2022. According to the disclosed data, the company's revenue reached TRY 2.4 billion, and based on these results, the company's first-quarter consolidated revenue increased by 143% compared to the same period of the previous year.

Kerevitaş Exports Reached TRY 287.8 Million

According to the financial results shared by Kerevitaş, the company continued its steady growth in exports during the first quarter of the year. Kerevitaş's exports in the first three months of the year increased by 87% compared to the same period of the previous year, reaching TRY 287.8 million. SuperFresh, one of the leading brands in the frozen food and canned goods sector, continued to expand its product range in 2022. In the first quarter of the year, SuperFresh introduced Pizza Toast Chocolate, Pizza King Cheddar Cheese, Tuna Mix One-Meal Health Family and Baked Manti products to consumers for the first time. SuperFresh achieved a 22% revenue share with a 1.5-point increase in the first quarter of 2022. Besler, with important brands such as Bizim Yağ and Teremyağ in Turkey's margarine market, maintained its leading position in the market with a 43.7% revenue share in the first three months of the year.

Maintained Position in International Markets

With 4 new business partners added to its portfolio in the first three months of the year and new product launches in bucket format, Kerevitaş maintained its export success in the margarine category. Particularly in the consumer margarine category, Ona brand maintained its leadership in Iraq, Syria and Georgia markets where it has been present for over 30 years; in the out-of-home consumption sector, it succeeded in maintaining leadership in the pastry category in Albania, and in the catering category in Iraq, Romania and Kazakhstan.

"We Will Continue to Maintain and Grow Our Strong Position in Domestic and International Markets"

Kerevitaş Chief Executive Officer Şükrü Çin made statements. Noting that they carried the financial success they achieved last year to this year's first-quarter figures, Çin said: "With Kerevitaş we left 2021 behind with successes and made a strong start to 2022 with the same synergy. With our innovative products presented to market appreciation, we increased our revenue share in every category where we are leaders. In the first three months of 2022, we succeeded in increasing our consolidated revenue by 143% compared to the same period of the previous year. By spreading this strong start across all of 2022, we will continue to maintain and grow our strong position in domestic and international markets."