Ülker Announces 2023 Financial Results

Ülker Bisküvi* completed the year 2023 with very successful business results and increased its turnover to 56 billion TL. According to the statement sent by the company to the Public Disclosure Platform (KAP), Ülker Bisküvi, whose export and foreign operations have a 32% share in the turnover, has managed to maintain its leadership in the biscuit market in Turkey, Saudi Arabia and Egypt, and its strong growth in Kazakhstan and Central Asian countries.

47 New Products Introduced to Consumers

Reminding that Ülker Bisküvi exports to more than 100 countries around the world and continues its production in 9 factories, 9 in Turkey and 4 abroad, with more than 13 thousand employees, Ülker CEO Mete Buyurgan gave the following information about 2023: “ We ended a year of difficulties with important and first-breaking achievements. At the beginning of the year, we completed Ülker Bisküvi's first sustainability-related loan agreement for a total of 330 million dollars. We continued our sustainability approach, which is at the center of our way of doing business, in the field of finance.

We have expanded our efforts towards sustainable raw material sourcing with our Water Risks and More Than Hazelnuts projects. According to the results of the Environmental, Social & Governance (ESG) performance evaluation of publicly traded companies conducted by the international financial analysis and reporting organization LSEG (London Stock Exchange Group), we ranked first globally in our category in January 2024*.

While our leadership in the market continues, last year we introduced a total of 47 new products to our consumers in Turkey in the biscuit, chocolate and cake categories. Innovation and digitalization continued to be very important priorities this year. We commissioned 20 autonomous mobile robots in our Gebze Factory. Robots, which can transport 2 types of materials, especially raw materials and packaging, will provide cost advantages by increasing production efficiency in the factory.

We will continue our strong performance in 2024 and contribute to our country, our economy, our employees, our consumers and all our stakeholders. We will continue our work with our waste-free company culture. "In addition to improving our product range, it will be our priority to use innovation at many points, from digitalization to product supply to further strengthening our distribution network."

Source: HORECA Trend and Ülker