Ülker is trading at TRY 93.75 (-4.09%) now after investors reassessed mixed second-quarter results.

  • Q2 revenue declined 11.4% to TRY 27.0 billion.
  • Net income rose 45.5% to TRY 1.4 billion, exceeding expectations.
  • EBITDA margin compressed sharply to 10.4% from 14.6% year over year; management revised 2026 sales guidance to a low-single-digit decline while maintaining EBITDA-margin guidance.