Turkish confectioner and snack maker Ulker has reported bottom line growth of 13% to TRY51m (US$24.6m) despite negative currency effects for the first quarter of 2014.

For the period ended 31 March 2014, the firm also posted EBITDA growth of 14% to TL88mn thanks to “tighter expense management”.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Sales were also up 11% to TL793m as a result of increased sales across the biscuit and cakes categories. Chocolate sales however fell due to price increases.

The firm also announced it is upping its stake in Biskot Biskuvi Gida by a further 30%. Ulker held a 43.5% stake in the business before the acquisition.

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact