Evaluating financial results Eksun Gıda General Manager Ahmet Demir“With the power we get from our 600 thousand tons of annual production capacity and 52 thousand tons of wheat storage infrastructure in our Tekirdağ and Konya factories, we continue to increase both our financial capacity and our global awareness. We will continue to take innovative steps that will provide stability in changing market conditions and consumer preferences,” he said.
Eksun Gıda, which offers more than 200 product varieties to consumers under the Sinangil and Sinangil Gluten YOK brands, published its 29 third quarter financial results, prepared in accordance with the inflation accounting principles of the Turkish Accounting Standard (TMS) 2024, on the Public Disclosure Platform (KAP). According to the results, the company's domestic net sales reached 3 billion TL in the first 2024 months of 9.
“Our Total Asset Size Reached 4,6 Billion TL”
Continuing its operations with a wide distribution network in both retail and industrial areas, Eksun Gıda increased its total asset size to 4,6 billion TL. Eksun Gıda General Manager Ahmet Demir, who made statements on the subject, said, “Our company’s gross profit margin, excluding the TMS 29 effect, was 15,5 percent, and its EBITDA margin was 5,6 percent. With this increase in our asset size, we are reinforcing our power in local and global markets.”
Growth Continues in the Global Market
Eksun Gıda, which is one of the leading companies in the sector by exporting to more than 30 countries, especially Latin America, Africa and the Middle East, increased its export amount to 2024 billion TL in the first nine months of 1,5. In his assessment, Demir said, “With the power we get from our annual production capacity of 600 thousand tons in our Tekirdağ and Konya factories and our 52 thousand tons of wheat storage infrastructure, we continue to increase both our financial capacity and global awareness. We will continue to take innovative steps to ensure stability in changing market conditions and consumer preferences.." said.
“We are resilient to global fluctuations with our strong infrastructure”
Ahmet Demir, who also made evaluations about global wheat markets, emphasized that wheat prices have started to recover and said, “According to the current report of the World Bank, wheat prices decreased by 2024 percent in 21. This downward trend in global wheat prices creates new opportunities for us thanks to our large storage capacity and high production volume. With our long-term perspective, we evaluate this process as a step that will contribute to sustainable growth in the sector, beyond being an economic opportunity. We increase our resilience against the fluctuations of global markets with our high-capacity wheat storage infrastructure.” Demir, who also touched on his work in the retail and industrial sectors, said, “In addition to our leading position in the retail market with Sinangil, we are also strong in the industrial flour market with an average monthly sales of 20 thousand tons. Our two factories located in locations that we can describe as wheat basins such as Konya and Tekirdağ and our high wheat storage capacity create a competitive price and constant quality advantage for us 365 days a year.”
Eksun Signs Green Investments
Eksun Gıda, which adopts the principle of creating sustainable value for all its stakeholders with the motto of 'Green World Sustainable Energy', also invests in renewable energy. Emphasizing that they make investments by taking into account their sensitivity to humans and the environment, Ahmet Demir said, “A call letter has been received for a wind power plant with a total power of 18.900 kW to meet the electricity needs of our factories in Tekirdağ and Konya, and the processes regarding the investments are ongoing. We aim to quickly implement our investments with the completion of these processes.”
Eksun Gıda continues to strengthen its environmental sustainability vision while increasing energy efficiency with renewable energy projects.
Modern Facility Supported by Licensed Warehousing
Stating that they support their investments with licensed warehousing activities, Ahmet Demir said, “One of the main elements that distinguishes us from our competitors in the industrial field is that we have a production line equipped with high technology. In this context, we continued our growth-oriented investments by purchasing Babaeski Licensed Warehousing Inc..” Demir added that they added value to the sector with their investments in licensed warehousing and took an important step for a sustainable and safe food supply chain.
Source: HORECA TREND and Eksun Food