Ülker Bisküvi: announces FY-2023 financial results

Istanbul / TR. (ubs) Ülker Bisküvi Sanayi A.Ş. (UBS), Türkiye’s leading food company, closed the year 2023 with a sales revenue of 56 billion Turkish Lira (TRY) or 1.6 billion EUR. The company aims to continue its leadership and strong growth in the markets it operates in during the current financial year 2024.

Ülker Bisküvi, a subsidiary of Pladis Foods Limited (Yildiz Holding), successfully completed the year 2023 with outstanding business results, achieving a sales revenue of 56 billion TRY (1.6 billion EUR). According to the statement sent to the Public Disclosure Platform (KAP), Ülker Bisküvi, with a 32 percent share in sales revenue from export and international operations, maintained its leadership in the biscuit market in Türkiye, Saudi Arabia, and Egypt, and achieved strong growth in Kazakhstan and Central Asian countries.

A total of 47 new products were introduced to consumers in the biscuit, chocolate, and cake categories last year. Ülker Bisküvi, which exports to over 100 countries worldwide and operates production in 13 factories (nine in Türkiye and four abroad) with over 9,000 employees, emphasized its achievements for 2023.

20240528-ULKER-METE-BUYURGAN(Photo: Ülker Bisküvi Sanayi)

Ülker CEO Mete Buyurgan provided the following information: «We concluded a challenging year with significant achievements and milestones. At the beginning of the year, we completed Ülker Bisküvi’s first sustainability-linked credit agreement, notional amount of 330 million USD. We continued our sustainability approach in the financial sector, with sustainability being at the core of our business.

«Our efforts on sustainable raw material supply were expanded with projects such as «Water Risks and Beyond Hazelnut». According to the environmental, social, and governance (ESG) performance evaluation results conducted by the London Stock Exchange Group (LSEG) in January 2024, we ranked first globally among evaluated companies in our category,» the CEO said in his statement in March 2024.

«While maintaining our leadership, we introduced a total of 47 new products to our consumers in the biscuit, chocolate, and cake categories in Türkiye. Innovation and digitalization remained crucial priorities this year as well. We deployed 20 autonomous mobile robots at our Gebze Factory. These robots, capable of transporting 2,600 different materials, will enhance production efficiency and provide cost advantages.

«We will continue our strong performance in 2024, contributing to our country, economy, employees, consumers, and all stakeholders. We will continue our work with a waste-free corporate culture. Our priority will be to use innovation not only to enhance our product range but also in various aspects such as digitalization, product supply, and further strengthening our distribution network,» said Mete Buyurgan.