Ülker Increases Sales by 13% in First Quarter of 2021

Ülker Bisküvi increased sales by 13% in the first quarter of 2021 compared to the same period in 2020, reaching TRY 2.7 billion. Exports and foreign operations grew by 19%. Ülker Bisküvi continued its growth trajectory in the first quarter of 2021. According to a statement submitted to the Public Disclosure Platform (KAP), the company increased first-quarter sales by 13% compared to the same period in 2020, reaching TRY 2.7 billion. Noting that the pandemic continues to impact Turkey as it does worldwide, Ülker CEO Mete Buyurgan stated, "By closely monitoring developments and adapting our business processes to current conditions, we have rapidly adjusted to the situation. We continue production and distribution of our products uninterrupted, working with all our strength to keep the wheels of the economy turning."

Buyurgan provided the following information regarding company performance:

 

• Our company closed the first quarter of 2021 with revenue of TRY 2.7 billion.
• Consolidated EBITDA margin stood at 17%. Strong profitability performance was driven by high performance in exports and foreign operations.
• Revenue growth in Turkey operations reached 10%, while revenue growth in exports and foreign operations reached 19%.
• Exports and foreign operations accounted for 40% of total revenue and 50% of total EBITDA.
• Our sustainable growth continues in Turkey and across all geographies where we operate.
• We have further increased our strong market shares in Turkey and in our international markets. We aim to continue strengthening our leadership position in biscuits in the Middle East. We are experiencing strong growth trends in Kazakhstan and Central Asian countries, and we anticipate the trend to continue in the same manner going forward.
• In 2021, we will continue our growth by focusing on our employees, consumers and stakeholders; accelerating our digitalization and sustainability projects further; supporting our country's development goals through new investments and strong innovations; gaining competitiveness in global markets; maintaining our strong position in the markets where we operate; and continuing our leadership roles.