Kerevitaş Increased Its Turnover to 6,3 Billion TL
Kerevitaş's consolidated turnover in the first half of the year increased by 20 percent compared to the same period last year, reaching 6,3 billion TL. During the same period, it achieved a gross profit of 1,34 billion TL and an EBITDA of 735 million TL...
Kerevitaş, the market leader in Turkey in the frozen food and margarine sectors, continued its innovation and sustainability-oriented growth performance without slowing down. Kerevitaş, which exports to more than 5 countries in 40 continents in the margarine category, alone realized 34 percent of Turkey's oil exports.
Kerevitaş 's SuperFresh brand maintained its leadership in the frozen food sector in the second quarter with a 41%** market share of revenue. Kerevitaş also strengthened its leading position in the margarine market with a 65,9% revenue share; while Ülker Bizim Yağ maintained its clear leadership in the packaged segment with a 33%*** revenue share, and Ülker Teremyağ continued its leadership in the tub margarine segment with a 55**** revenue share.
“We Maintain Our Leadership with the Value We Create in the Broad Ecosystem Where We Operate”
Kerevitaş CEO Mert Altınkılınç commented on the first half-year financial results: “Since our establishment, we have been working to offer our customers high-quality, healthy, and reliable products in the frozen food and oil market. In addition to our stable growth in Turkey, we are bringing our products to the whole world through our strong exports. Our financial results for the first six months of 2023 prove this successful performance. On the other hand, we continue to transform the sector with our innovation-focused sustainability projects. In the coming period, we will continue our sustainable success with the value we create for our stakeholders in the broad ecosystem in which we operate.”
Source: HORECA Trend and Kerevitaş



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