/ 17.08.2016 | Ulker Biskuvi announced its Second Quarter 2016 Financial Results
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 half 2016. The company’s consolidated sales momentum has accelerated to 2.0 bn TL and EBITDA growth of 15.6% in an excess of top line growth, carrying the consolidated EBITDA margin to 13.5%.
We managed to build a momentum and continue to drive top line while enjoying historic high margins and net profit.
Ulker’s net profit for equity holders also increased by 46% over the same period, rising to TL 178 million from TL 122 million.
Our sustained growth demonstrates the strength of our brand, the quality of our innovations and how well our people are executing our strategy. Creating consistency across the value chain in order to achieve efficiency and our shared objectives is essential for sustaining this kind of growth. The progress we have made in the first half allow us to reconfirm our outlook for the full year.
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, and innovation culture