Mr. Mehmet Tutuncu, Chief Executive Officer of Ulker, commented about the performance of Company:

Ulker once more delivered strong and improved results in the first nine months of 2016. The company’s consolidated sales momentum has accelerated to 2.8 bn TL and EBITDA growth of 20.1% in an excess of top line growth, carrying the consolidated EBITDA margin to 13.3%.

Ulker’s net profit for equity holders also increased by 36% over the same period, rising to TL 232 million from TL 171 million.

Our sustained growth demonstrates the strength of our brand, the quality of our innovations, efficiencies gained from investments and how well our people are executing our lean strategy. Creating consistency across the value chain and focus in markets in order to achieve efficiency and our shared objectives is essential for sustaining this kind of growth.

The financial and operational successes we have achieved by the end of the quarter indicate that Ülker has a solid foundation for sustainable and profitable growth. The operations reached a solid and strong base where we aim to enjoy further top line growth and market share improvements in the years to come.

While we are in investing in sustainability, we are also targeting to maximize shareholder value by managing intangible assets including our human capital, brand and reputation value, supporting the sustainability of the environment and innovation culture.