Kervan Gıda announced a FAVÖK of 1.06 billion TRY in 2024.

Kervan Gıda has announced its financial results for 2024. The company achieved a revenue of 11.4 billion TRY and an EBITDA of 1.06 billion TRY during the period.

Idris Can, General Manager of Kervan Gıda Turkey, commented on the financial results:

“We reach our consumers in more than 85 countries worldwide. In this context, in 2024 we increased our production capacity by launching our licorice production line in Egypt in February and our jelly line in August. Thanks to these investments, we reached an annual production capacity of 10,000 tons in Egypt. Additionally, in addition to our existing offices in the United States, the United Kingdom, Germany, and Russia, we opened a new sales office in France, further strengthening our presence in the European market. We believe this step will contribute to our growth in 2025.

Kervan Gıda is also making significant investments in sustainability. The Rooftop Solar Power Plant at the Akhisar factory and the 25 MW Ground-Mounted Solar Power Plant in Manisa Demirci now fully meet the energy needs of our facilities in Manisa. Idris Can noted that these investments are expected to save approximately 4.5 million USD in energy costs annually.

Can also highlighted the company’s commitment to fair and environmentally friendly practices in the supply chain. By supporting farmers directly involved in sourcing, Kervan Gıda aims to promote sustainable agricultural practices.

Idris Can emphasized that with these investments and strategic moves, the company made significant progress in 2024 and will continue to grow in 2025 and beyond.