Ülker Boosts Revenue to TRY 19 Billion

Ülker Reaches Revenue of TRY 19 billion Ülker continued to grow in the first nine months of 2022 through both its Turkish operations and exports and international operations. The company reached revenue of TRY 19 billion. Ülker Bisküvi announced through a statement to the Public Disclosure Platform (KAP) that its revenue for the nine-month period of 2022 was TRY 19 billion.

Ülker CEO Mete Buyurgan, noting that the company's work on sustainability, digitalization, R&D and innovation continues, made the following statements on the matter:

"Our nine-month revenue reached TRY 19 billion. Turkish operations accounted for 62% of our revenue, while exports and international operations accounted for 38% of revenue. With our strong, agile and proactive risk management, our workforce spread across wide geographies, our effective strategies and successful management, we continue on our path." Buyurgan also noted that they began work in 2007 on sustainable raw material supply and developing wheat varieties suitable for biscuit production, and that the Aliağa Biscuit Wheat project has now met Ülker products, with the products reaching shelves.  

Pointing out that Ülker continues to make an impact at national and international platforms with its sustainability initiatives, Buyurgan continued as follows:

"We were awarded the Sustainable Business Awards 2022 in the 'Collaboration and NGOs' category with our 'Beyond Cocoa' project. With the project we launched two years ago, we are carefully monitoring every step of the journey from farm to table in order to ensure the sustainability of the cocoa supply chain. Through collaborations that include field inspections, information gathering and supplier meetings, we aim to support long-term community development and environmental improvement." Buyurgan, noting that market leadership in biscuits and chocolate in Turkey continues strongly, said, "Looking at the region; our market leadership in the biscuits category continues in Saudi Arabia and Egypt. In Kazakhstan, we rank third in the chocolate category. In Turkey, we continue on our path as a strong leader in the overall snacks category."