Atakey's Sales Increased by 5% in the First 9 Months of 2024

In the first nine months of 2024, Atakey experienced an approximately 5% increase in sales; however, revenues decreased by 4% year-on-year, falling to 2.52 billion TL. According to the statement made by the company, prior to IAS 29 accounting, revenues increased by 52% year-on-year, rising from 1.439 million TL to 2.193 million TL.

The announcement provided the following information: "In 9M24, gross profit amounted to 379 million TL, compared to 702 million TL in 9M23. (Before IAS 29 accounting, gross profit increased by 33%, rising from 539 million TL to 720 million TL.) Operational profit before financial expenses decreased by 27% year-on-year to 495 million TL. (Prior to IAS 29 accounting, operational profit increased by 58% year-on-year, reaching 846 million TL.) EBITDA declined by 39% year-on-year to 411 million TL, with an EBITDA margin of 16%. (Before IAS 29 accounting, EBITDA increased by 30% year-on-year to reach 682 million TL, with an EBITDA margin of 31%.) In 9M24, net profit was recorded at 9 million TL. (Before IAS 29 accounting, net profit increased by 154% year-on-year, rising from 300 million TL to 760 million TL.)

3rd Quarter Results: In Q3 2024, 16,000 tons of frozen fried potatoes generated revenues of 658 million TL, reflecting a decrease of 37%. (Before IAS 29 accounting, revenues fell by 5% year-on-year to 631 million TL.) Gross profit in Q3 2024 was 91 million TL, down from 349 million TL in Q3 2023. (Before IAS 29 accounting, gross profit decreased by 19%, falling from 249 million TL to 201 million TL.) Operational profit before financial expenses was 157 million TL, representing a 62% decline year-on-year. (Before IAS 29 accounting, operational profit decreased by 9% year-on-year, reaching 264 million TL.) EBITDA also declined by 63% to 121 million TL, with an EBITDA margin of 18%. (Before IAS 29 accounting, EBITDA reached 195 million TL, marking an 18% year-on-year decrease, while the EBITDA margin was 31%.) In Q3 2024, a net loss of 39 million TL was recorded. (Prior to IAS 29 accounting, a net profit of 198 million TL was achieved, reflecting a 6% increase.)