Kerevitaş increased its year-on-year consolidated revenue by 20 percent, reaching TRY 6.3 billion in the first half. The company achieved a gross profit of TRY 1.34 billion and an EBITDA of TRY 735 million in the same term while its export operations amounted to TRY 709 million in the first six months of the year. 

As a market-leading company in the frozen food and margarine industries, Kerevitaş uninterruptedly maintained its growth performance centering around innovation and sustainability. Conducting export operations to over 40 countries across 5 continents in the margarine category, Kerevitaş single-handedly performed 34 percent* of the overall edible oil export by Türkiye. 

Kerevitaş’s leading brand, SuperFresh, maintained its leadership in the frozen food industry with a market share of 41 percent** in the second quarter. Kerevitaş reinforced its top position in the margarine market with a revenue share of 65.9 percent. Ülker Bizim Yağ, operating in the packaged margarine segment, and Ülker Teremyağ, operating in the tub margarine segment, also maintained their leadership by a wide margin, with a revenue share of 33 percent*** and 55 percent****, respectively. 

“We maintain leadership in our wide ecosystem through the value we create.” 

Kerevitaş CEO Mert Altınkılınç commented on the first-half financial results: “Since its foundation, our company has been working to offer high-quality, healthy, and reliable products in the frozen food and edible oil market, introducing its product portfolio worldwide through extensive export operations, while maintaining steady growth in Türkiye. The successful financial results we achieved in the first six months of 2023 prove our outstanding performance. On the other hand, we continue transforming the industry through innovation-centered sustainability projects. We will maintain this sustainable success by creating value for our stakeholders within our wide ecosystem in the upcoming period.”  

*Source: 2023 first half-year TÜİK report 
**Source: AC Nielsen Q2 2023 Revenue Share, Market, excluding Discount Markets 
***Source: AC Nielsen Overall Türkiye, YTD June 2023 Packaged Margarine Revenue Share, Ipsos HTP Q2’23
****Source: AC Nielsen Overall Türkiye, excluding discount markets YTD June 2023 Tub & Liquid Margarine Revenue Share