GÜBRETAŞ, which celebrated its 69th anniversary with the opening of the Microbiology Laboratory in Yarımca on November 6, announced the results of this year's successful operational and financial activities on the Public Disclosure Platform.

As of September 30, 2020, GÜBRETAŞ managed to increase its turnover, gross profit, EBITDA and net period profit as well as fertilizer sales this year.

GÜBRETAŞ continued its rise in the third quarter of 2020 with the successful results in all its activities, which it continued without interruption, despite the negative effects of the coronavirus epidemic on global markets. GÜBRETAŞ, one of the first 15 companies whose shares were offered to the public in Borsa Istanbul, shared the results of its operational and financial activities during the 9-month operating period of this year with its financial stakeholders and the public via KAP.

The company, which continued its operational activities at an increasing pace during the epidemic period in order to carry out its agricultural production without interruption in order to ensure food supply and security in our country, made a statement in March that reassured agricultural producers that there would be no problems with the supply of chemical fertilizers, one of the most important inputs of agriculture. GÜBRETAŞ, which continues to provide all kinds of solid and liquid-powder fertilizers needed by farmers despite the epidemic in the autumn season as well as in the spring season when agricultural production is most active, managed to increase its sales by 10.5% as of September 30 compared to the same period of 2019. GÜBRETAŞ, which produced a total of 475 thousand tons of solid, liquid and powder fertilizer in its Turkey operations in the January-September period of this year, increased its total sales amount to 1 million 515 thousand tons, which was 1 million 371 thousand tons in the first 9 months of last year.

GM YUMAKLI: “WE FULFILLED THE RESPONSIBILITY WE UNDERTAKEN DURING THE DIFFICULT PERIOD”

Making an evaluation about the announced third quarter results and year-end targets, GÜBRETAŞ General Manager İbrahim Yumaklı said, "2020 was a different and challenging year for the whole world, especially due to Covid-19. In this period when new normals have emerged in many areas, ensuring food safety and continuing to meet nutritional needs without interruption, as well as protecting human health, have become even more important. This process once again showed how critical sustainability in agricultural production is for our country and humanity. As GÜBRETAŞ, we continue to successfully fulfill our responsibilities in this difficult period, thanks to our 69 years of corporate experience as well as the strong cooperation we have established with our main shareholder, Agricultural Credit Cooperatives. "The numerical indicators of this were also reflected in the 3rd Quarter results that we announced on KAP for our financial stakeholders."

Stating that in addition to their market leadership, they continued to provide conscious agriculture dissemination and agricultural consultancy services to producers as a company during the epidemic period, İbrahim Yumaklı said, "We continued to meet both the plant nutrition product and information support needs of producers in the agricultural sector at an increasing pace. In this way, while our chemical fertilizer sales amount increased by more than 10 percent in the first 9 months compared to the same period of 2019, the information requests from producers to our agricultural consultancy channels increased 2-3 times. During this period, we increased our effectiveness on our digital channels. "At the same time, within the scope of epidemic measures, we carried the joy of harvest to digital environments this year with our Youtube and social media accounts," he said.

"This year, the quantitative increase in our operational activities was positively reflected in our financial results," said Yumaklı, adding, "As a company, the sales turnover in our Turkey activities increased to 2.85 billion TL, while our consolidated turnover increased by 14% compared to the same period of the previous year, reaching 3.85 billion TL." happened as. While we fulfilled our promise to agricultural producers with the products and services we offer, we also achieved results that satisfied our financial stakeholders. "In addition to the 33% increase in gross profit and EBITDA, the net profit for the parent company share increased to 154 million TL," he said.

R&D AND INVESTMENT ACTIVITIES CONTINUE DESPITE THE PANDEMIC

General Manager Yumaklı stated that despite the global epidemic, they continued to realize R&D projects and facility investments in line with the targets they set at the beginning of the year, and said, “We completed and commissioned the first phase of the port filling project, which we started in Yarımca Facilities in Kocaeli, in less than a year. We have also completed the installation of the photovoltaic system that produces electricity from solar energy in order to meet the electricity needs of our facilities in Iskenderun from environmentally friendly sources. On the other hand, we introduced the R&D Greenhouse at Gebze Technical University and the Microbiology Laboratory in Yarımca, which are among the R&D projects we completed in the summer months, to the agricultural sector with the opening ceremonies we held in the last two weeks. "In addition, our other R&D and investment activities are continuing as targeted," he said.

İbrahim Yumaklı concluded his statement as follows: "GÜBRETAŞ is moving towards a stronger future with the strength it derives from its 69 years of corporate experience. "In this regard, we will continue our contributions to our country's agricultural sector by reaching our year-end targets with new records," he concluded.