Ülker announces a turnover of US$696M in Q1 2025

TURKEY – Ülker Bisküvi closed the first quarter of this year with a turnover of 27 billion Turkish Lira (US$696M), according to a statement the company sent to the Public Disclosure Platform (KAP).

“We completed the first quarter of the year, which was a year of difficult geopolitical and economic conditions, with a turnover of 27 billion TL. We continue to contribute to the Turkish economy with our employment, production and exports,” said Ülker CEO Özgür Kölükfakı.

Kölükfakı went on to say that although sustainability is important to their business model, their efforts are also acknowledged through national and worldwide awards and index championships.

He underlined that innovation is essential to their industry and that they strive to adjust to shifting consumer tastes and shifting market dynamics.

Kölükfakı stated that the company develops unique goods in their two R&D facilities and examines customer behavior, trends, and new incentives in snack consumption.  

“We increase our efficiency with digitalization in our production processes and take food safety and sustainability to the highest level. We respond to the increasing food demand with advanced data analytics, automation systems and artificial intelligence-supported processes, as well as our sustainable agriculture and raw material supply steps,” said Kölükfakı.

He explained that the company will continue to integrate similar technologies into its system in the future and continue its investments in line with its goal of achieving operational excellence.

“We are the leader of our sector in Türkiye. We are the leader in the biscuit market in Saudi Arabia and Egypt. Our growth continues in Kazakhstan and Central Asia. We will continue to contribute to our country and stakeholders,” Kölükfakı concluded.

Earlier this year, Ülker Bisküvi announced a record revenue of 84.1 billion Turkish Lira (TRY) (US$2.9 billion) for the 2024 marketing year, marking a strong performance as the company celebrated its 80th anniversary.

Strong local sales, global market expansion, and ongoing product innovation supported this milestone, which represented a notable year-on-year rise from 56 billion TRY (US$1.9 billion) in 2023.

Additionally, Ülker recorded an EBITDA margin of 18.5%, demonstrating sound financial standing and great operational efficiency.

The then CEO of Ülker Bisküvi, Mete Buyurgan, credited a number of important factors for the growth, including an agile management style, strategic changes to the company’s go-to-market model, and technological advancements in production facilities.

  Sign up to HERE receive our email newsletters with the latest news and insights from Africa and around the world, and follow us on our WhatsApp channel for updates.