Turkey’s leading fresh frozen food, canned food and margarine company Kerevitaş achieved a consolidated revenue of almost TRY 1 billion in the first quarter of fiscal year 2021 by a year-on-year increase of 44.2 percent.

Turkey’s leading fresh frozen food, canned food and margarine company Kerevitaş has reported its financial results of the first quarter of fiscal year 2021 to the Public Disclosure Platform (KAP). The consolidated revenue of Kerevitaş in the first quarter of 2021 has reached TRY 998 million by a year-on-year increase of 44.2, while it achieved an EBITDA of TRY 137.2 million and an EBITDA margin of 13.7 percent.

Kerevitaş has continued to grow in the markets to which it exports as well as in the Turkish market which it leads while it continued to increase its market share thanks to its powerful brands and innovative product launches. The leading frozen and canned food brand SuperFresh also continued to strengthen its portfolio through innovative product launches in the first three months of this fiscal year. Along with Cheddar Pizza Tost and Special Stone Oven Four Cheese Pizza in the pizza category, thin sliced potatoes and tuna fish-filled Crispy Balls have been presented to the consumers’ taste. Reaching 17 million households with 100 percent brand recognition in the Turkish margarine market, Besler has maintained its leading position well ahead of its competitors in the market in the first quarter of 2021 with a revenue share of 54 percent. 

Şükrü Çin: “We will continue to grow with innovative products in 2021 as well”

Highlighting that the financial success of 2020 continued into 2021, Kerevitaş CEO Şükrü Çin said: “Last year, despite the uncertainty brought about by the challenging conditions of the pandemic, we continued to offer innovative products to the market without compromising on our culture of innovation which guides all our operations. We got off to an effective start to the fiscal year 2021 and managed to achieve a year-on-year increase of 44.2 percent in our consolidated revenue. We will continue to maintain and expand our powerful position in the market in the upcoming period.”