GÜBRETAŞ's 2020 financial results have been announced. The company, which has been leading the plant nutrition industry for agricultural efficiency with its products and services for 69 years, completed the difficult year 2020, where the Covid-19 epidemic affected the whole world, with operational and financial records.

The consolidated turnover of GÜBRETAŞ, which maintains its market leadership by increasing its total production amount by 12%, solid fertilizer sales by 21% and liquid-powder product sales by 23% compared to the previous year, increased by 25% to 5.4 billion TL.

GÜBRETAŞ, the leading company in the plant nutrition industry, announced its financial results for the difficult year 2020 on the Public Disclosure Platform. In addition to the important steps taken in the fields of R&D activities and popularization of conscious agriculture in the past year, GÜBRETAŞ's successes in operational activities were also reflected in the financial results.

During the Covid-19 period, which has affected our country since March last year, GÜBRETAŞ showed its leadership in the sector and its stance on the side of farmers, by promising that there would be no problems in the supply of fertilizers for the continuity of agricultural production, with its statement reassuring the producers at the beginning of the epidemic. GÜBRETAŞ, which mobilized all its resources during the epidemic period and continued its operational activities at an intense pace in order to fulfill this responsibility, completed the year with record results, providing uninterrupted fertilizer supply to farmers.

The company broke a record with the production of 36.9 thousand tons in the liquid-powder fertilizer category, and also produced 648 thousand tons of solid fertilizer. GÜBRETAŞ, which increased its sales amount by 19% in solid fertilizers and 23% in liquid-powder fertilizers compared to the previous year, reached the highest sales amounts in the 69-year company history with a total of 2 million 54 thousand tons in all product groups.

The company, which provides added value to the country's economy by selling plant-specific products abroad, especially in recent years, managed to break its record in this field with its fertilizer exports, which reached 53 thousand tons, an increase of 41% compared to 2019.

GENERAL MANAGER YUMAKLI: “THESE SUCCESSES ARE THE RESULT OF OUR STRATEGY OF PRODUCT AVAILABILITY AT AFFORDABLE PRICES WITH THE INVESTMENTS IN RECENT YEARS”

Making an evaluation on the subject, GÜBRETAŞ General Manager İbrahim Yumaklı stated that 2020 was completed with historical successes for the company as a result of the operational activities and cost optimization they continued at an increasing pace despite the epidemic.

Emphasizing that GÜBRETAŞ's intensive facility investments in recent years have a significant share in the basis of these successes, İbrahim Yumaklı said, "As a company, we have increased our production and logistics capabilities with the significant facility investments we have made, especially in the last 5-6 years. Facility investments in which we increased the Liquid Powder Production capacity in Izmir from 25 thousand tons to 100 thousand tons in 2016, with the new NPK factory commissioned in Yarımca Facilities in Kocaeli in 2015, the Ammonia Storage Tank we put into service in 2017, and the new port filling project we completed last year. Thanks to this, we have taken strategic steps in terms of production and strengthened our product diversity capability. In addition, we completed the construction of our new high-capacity logistics centers in Samsun in 2017 and in Iskenderun in 2019 and put them into service. In this way, while our storage capacity increased to 472 thousand tons, our operational capabilities for the supply services we offer to farmers were strengthened,” he said.

Yumaklı stated that these facilities, which were put into operation with the investment move in recent years, added great strength to GÜBRETAŞ and said, "Thanks to the completion of these investments in the field of production and logistics, our company's mobility in terms of product diversity and cost optimization in its operational activities has been increased. Thanks to the operational and financial advantages provided by this, we have managed to achieve proud results, especially in the last two years, with our strategy of making the products needed by farmers available and delivering them to farmers at affordable prices for 12 months through our main shareholder, Agricultural Credit Cooperatives. "The fact that we reached records in both domestic sales and exports during the Covid epidemic that affected the world is the fruit of these facility investments," he said.

In his statement, "The facility investments made by GÜBRETAŞ, the company of Turkey's largest farmer organization, Agricultural Credit Cooperatives, in recent years have benefited our farmers the most." İbrahim Yumaklı said, "Due to our increased production and logistics opportunities, the 'company' we gave to the agricultural sector when the epidemic started." We have kept our promise that there will be no problem in the supply of fertilizer. The interest and intense demand of agricultural producers in GÜBRETAŞ quality enabled us to reach a record with sales of over 2 million tons of fertilizer last year. "Thus, we have once again demonstrated concretely that this company belongs to farmers and has been working for the benefit of farmers since its establishment, with the historical successes we achieved in 2020," he said.

“WE TRANSFORM OUR PROFITS INTO NEW INVESTMENTS THAT WILL BENEFIT FARMERS”

Pointing out that GÜBRETAŞ, the first and leading company in the sector, continues its facility investments in order to provide more effective services to agriculture in the field of plant nutrition, General Manager Yumaklı said, "As a company, we act with a vertical growth strategy by strengthening our main business elements. At the same time, in line with our founding mission, we continue to work to provide our earnings to the benefit of farmers, always with new investments. "We will continue our facility investments, which strengthen our production and logistics infrastructure in order to deliver plant nutrition products, which are one of the most important inputs for increasing productivity in agricultural production, to farmers more easily and at affordable prices, in the coming period," he said.

Reminding that GÜBRETAŞ continued its investment activities uninterruptedly during the epidemic process and completed and put into service important investments such as the Port Filling Project, Microbiology Laboratory and R&D Greenhouse last year, Yumaklı said, “On the one hand, the investment in storage tanks continues in Yarımca Facilities, on the other hand, Iskenderun We are continuing our efforts to invest in new warehouses and a compound fertilizer production facility at the Facilities. "We aim to complete the new production facility, which we will establish on the site of our country's first fertilizer factory, which we started operating in Iskenderun in 1954, within two years and put it into service at the beginning of 2023," he said.

CHAIRMAN OF THE BOARD OF DIRECTORS POYRAZ: “CONTRIBUTING TO PRODUCERS AND AGRICULTURE IS IMPORTANT FOR US THAN NUMERICAL INDICATORS”

General Manager of Agricultural Credit Cooperatives and GÜBRETAŞ Chairman of the Board of Directors Dr. In his evaluation of the results, Fahrettin Poyraz stated that they were pleased on behalf of all stakeholders that the company's operational performance in the difficult year of 2020 was reflected positively in the financial results.

Fahrettin Poyraz said, "As a result of the superior pace we showed last year, the success of GÜBRETAŞ, the largest company of Tarım Kredi, in production, sales and exports was also reflected in the financial statements. Thus, we reached financial records by completing 2020 with a consolidated turnover of 5.4 billion TL, with a growth of 25% compared to the previous year. "GÜBRETAŞ's consolidated net profit for the parent company reached 262 million TL, which is a record on an annual basis," he said.

Stating that these record achievements are important in terms of fulfilling the commitment they made as a company to farmers at the beginning of the epidemic period and showing the trust in the quality of GÜBRETAŞ, Chairman of the Board of Directors Poyraz said, “2020 witnessed unprecedented challenges in history for both our country and the world. Many sectors tried to combat the devastating effects of the global pandemic throughout the year. This process revealed the critical role of agriculture in terms of the continuity of agricultural production in terms of food supply security. For this reason, both Agricultural Credit Cooperatives and GÜBRETAŞ have worked hard to ensure uninterrupted and uninterrupted fertilizer supply so that agricultural producers do not suffer. Supporting GÜBRETAŞ's intense efforts in the field of plant nutrition, our cooperatives supplied and delivered the fertilizers needed by farmers in the most appropriate way. We stood by the producers anytime and anywhere, with our agricultural engineers who provide agricultural consultancy support to farmers by phone day and night, and with our work on digital media, which we focused on due to the epidemic. These contributions we provide to producers and agriculture are more important to us than all operational or financial indicators. Continuing GÜBRETAŞ's mission of providing benefit to farmers, which it has maintained since its establishment, made us happier than numerical achievements. "I congratulate all our employees and stakeholders who contributed to these successes," he said.

Emphasizing that they continued the same work pace without slowing down in 2021, which they started with new goals, Fahrettin Poyraz said, "We completed the 69th year of GÜBRETAŞ with good results in all fields. At the end of this year, we will reach the 70th anniversary of the establishment of our company. "Our goal will be to continue to provide added value to these lands from which we draw our strength, with our products, services, investments and social responsibility projects," he said.