Turkiye’s leading food company, Ülker Bisküvi, closed the first quarter of 2024 with a revenue of TRY 27 billion.

According to a statement by Ülker Bisküvi(*) to the Public Disclosure Platform (KAP), the company ended the first quarter of the year with TRY 27 billion in revenue and an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margin of 20.3%.

Ülker CEO Özgür Kölükfakı shared the following insights about the first-quarter results: “We completed the first quarter, marked by geopolitical and economic challenges, with TRY 27 billion in revenue. We continue to contribute to the Turkish economy through our employment, production, and exports. Sustainability is at the core of our business model, and our efforts in this area are recognized with top rankings and awards on both national and international platforms.

Innovation is indispensable for our industry. We are working to adapt to changing consumer preferences and dynamic market conditions. We analyze consumer behavior, trends, and new motivations in snack consumption, and we develop innovative products at our two R&D centers.

Through digitalization of our production processes, we are increasing efficiency and elevating food safety and sustainability to the highest level. To meet rising food demand, we are implementing sustainable agriculture and raw material sourcing practices, along with advanced data analytics, automation systems, and AI-supported processes. In the upcoming period, we will continue integrating similar technologies into our systems and sustain our investments in line with our goal of operational excellence.

We are the market leader in our sector in Turkey. We also hold leading positions in the biscuit markets of Saudi Arabia and Egypt. Our growth in Kazakhstan and Central Asia continues. We will keep contributing to our country and stakeholders.”

*A subsidiary of pladis Foods Limited.