Ülker Bisküvi: announces Q1-2024 financial results

Istanbul / TR. (ubs) Ülker Bisküvi Sanayi A.Ş. (UBS), Türkiye’s leading food company, ended Q1-2024 with a turnover of TRY 19.6 billion (EUR 482.88 million on 2024/03/31 according to Interbank course). Ülker’s operations in Türkiye and abroad continued to grow. The company’s turnover in Q1-2024 came to TRY 19.6 billion, according to the announcement made by Ülker Bisküvi, subsidiary of Pladis Foods Limited (Yildiz Holding), on the Public Disclosure Platform (KAP). The company’s operations in Türkiye contributed to 68.5 percent of the Q1-2024 turnover with international operations making up the other 31.5 percent.

(Graphics: Ülker Bisküvi Sanayi)

Placing sustainability at the core of its business practices, the company continues to contribute to the Turkish economy through employment, production, and exports. The company is constantly improving its production, supply, and logistics infrastructure while continuing to invest in R+D, innovation, digitalization, and sustainability, and its growth figures are a testament to its success.

(Graphics: Ülker Bisküvi Sanayi)

Explaining that Ülker continues to lead its sector in Türkiye and the biscuit market in both the KSA and Egypt while maintaining its powerful growth in Kazakhstan and the Central Asian countries, Ülker CEO Mete Buyurgan said: «While our country continues to be the production base for our global brands such as McVitie’s, Godiva, Jaffa Cakes, Flipz, Tartlets, BN and McVitie’s Gold Billions, consumers all over the world are enjoying our products labelled «Made in Türkiye». Our goal is to make Türkiye an even stronger centre of production and exports, so we are committed to increasing our competitive strength globally and maintaining our leadership positions in the markets where we operate.

«We are continuing our sustainability studies with our culture of being a waste-free company. We use innovation to develop our product range and in many other areas besides, such as digitalisation, product supply, and further strengthening our distribution network. With nine production plants in Türkiye and four more abroad, we are going to continue contributing to the economy, our employees, our consumers and all our stakeholders by maintaining our powerful performance throughout the rest of 2024.»