Ülker Bisküvi Continued Growth in First Half of 2020

Turkey's leading food company Ülker Bisküvi continued its growth trajectory in the first half of 2020. The company's revenue increased by 20.1% to TRY 4.5 billion, while exports and overseas operations grew 23.8% and Turkish operations grew 17.9%. Ülker Bisküvi announced in a statement to the Public Disclosure Platform (KAP) that it increased its revenue to TRY 4.5 billion in the first half of 2020, representing a 20.1% increase compared to the same period of the previous year. The company's Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) rose 22.5% to TRY 795 million. In the same period of the previous year it was TRY 649 million. Reminding that Turkey and the entire world are going through a sensitive period due to the pandemic and that the company has continued its production, sales and distribution activities as well as exports during this period, Ülker CEO Mete Buyurgan said that Ülker Bisküvi continued its growth in the first half of the year.

Noting that the food sector is an important sector for the country's economy and exports, Buyurgan shared the following information regarding Ülker Bisküvi's first-half financial results:

• Our total revenue reached TRY 4.5 billion.
• The share of exports and overseas operations in total revenue became 39.5%, and their share in total EBITDA became 47.4%.
• Our consolidated EBITDA margin for the first half reached 17.6%.
• As the leader of the food sector in Turkey, we continue to invest in our brands, introduce our new products to consumers and create employment. We are showing successful performance across all categories. In particular, sales in our biscuit and chocolate categories showed growth. We export to over 100 countries. We remained a strong player in our region. We maintain our leadership in the biscuit market in Saudi Arabia and Egypt. We continue strong growth trends in Kazakhstan and Central Asian countries.

 

• We published our 5th Sustainability Report, in which we disclosed 2019 economic, social and environmental sustainability performance data from our Turkish operations. As a result of approximately 150 improvement initiatives implemented last year under operational excellence, we achieved TRY 16.2 million in savings. While working towards our zero-waste goal, we recycled 91% of our total waste.
• We installed energy monitoring systems in all our factories and activated real-time monitoring. We achieved energy savings of 2,502 MWh, equivalent to the annual electricity consumption of approximately 1,500 households. We reduced water consumption per unit of production by 31.2%. This way, we exceeded our 2024 target of 30% water reduction. This figure is equivalent to the daily water consumption of a city with 3.2 million residents. By supporting our waste-free company model with new digital investments, we are achieving significant savings each day.