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Ülker Bisküvi Announced Its Second Quarter 2015 Financial Results

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

The successful results that were delivered in the second quarter of 2015, confirms the timing of our actions and planning was right , while indicating we have accurately set our year end targets.

Despite that the neighbor countries still struggle with instabilities, volatility in the currencies and political uncertainty in Turkey, our strong brand and operational structure enable us to take necessary precautionary steps and allow us to operate successfully.

In particular, in the second quarter of the year both our sales revenue and profitability substantially increased. Our export sales performed better than the first quarter on the back of our intensive and efficient practices, while its profitability increased. Based on the preliminary figures, we believe the export operations will gain momentum in the second half of the year.

In addition, I am pleased with our operations in domestic market. The domestic operations continue to grow at double digits and persisted its growth trend in the first half of the year.

Operating profit increased by 33% to TL 187 million thanks to our intensive efforts to focus in efficiency and managing the  channels effectively.


We will continue to add value to our consumers, clients and all stakeholders through costumer centric, competitive, efficient and innovative approach of ours. Following the initiation and implementation of cost and investment policies in 2014, we foresee faster growth in 2015.