Dardanel's steady growth continues, with sales increasing by 133% in the first nine months of 2022.
Turkey's seafood specialist Dardanel has released its consolidated financial reports for the first nine months of 2022. Maintaining its leading position in the sector in our country, the company continued its successful graph by increasing its sales volume by 133% compared to the same period of the previous year. The company, which had an annual turnover of 1.160 billion TL in 2021, reached a turnover of 1.9 billion TL in just the first nine months of this year. With this bright sales table, Dardanel, which earned 6.2 million TL profit in the first nine months of last year, made a profit of 35.9 million TL this year.
The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also increased by 129% compared to the first nine months of 2021, reaching 222 million TL.
OUR PRODUCTION CAPACITY AND GROWTH WILL CONTINUE IN A STABLE MANNER
Dardanel Founder and Chairman of the Board Niyazi Önen made the following statement regarding the results:
"In recent years, we have aimed to increase our production capacity and maintain the growth momentum both in Turkey and in the regions where we export. When we look at the financial reports of the first nine months of 2022 compared to the previous year, we see that we have increased our sales by 133%. These developments are gratifying for a company like us, which produces and exports value-added fish and seafood products to a wider and wider geography every day. Despite the increasing costs, our company managed to increase its EBITDA by 129% compared to the first nine months of the previous year with its successful income performance. In line with our strategies, we will continue to receive the return on our investments in R&D, innovation and new production lines. We will continue to develop products in different categories and continue our investments in this direction in order to bring Dardanel expertise together with new consumer groups. We will continue our stable growth in Turkey and abroad with branded and high value-added production towards our goal of becoming one of the largest seafood producers in the world."
The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also increased by 129% compared to the first nine months of 2021, reaching 222 million TL.
OUR PRODUCTION CAPACITY AND GROWTH WILL CONTINUE IN A STABLE MANNER
Dardanel Founder and Chairman of the Board Niyazi Önen made the following statement regarding the results:
"In recent years, we have aimed to increase our production capacity and maintain the growth momentum both in Turkey and in the regions where we export. When we look at the financial reports of the first nine months of 2022 compared to the previous year, we see that we have increased our sales by 133%. These developments are gratifying for a company like us, which produces and exports value-added fish and seafood products to a wider and wider geography every day. Despite the increasing costs, our company managed to increase its EBITDA by 129% compared to the first nine months of the previous year with its successful income performance. In line with our strategies, we will continue to receive the return on our investments in R&D, innovation and new production lines. We will continue to develop products in different categories and continue our investments in this direction in order to bring Dardanel expertise together with new consumer groups. We will continue our stable growth in Turkey and abroad with branded and high value-added production towards our goal of becoming one of the largest seafood producers in the world."
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