Göknur A.Ş. Aims to Increase Profitability with Funds from Public Offering

Osman Aslanali, General Manager of Göknur A.Ş., said, "We are a profitable company. We are a company that attaches importance to value-added products. Our profitability figures are close to 300 million liras."

Turkish fruit juice producer Göknur A.Ş. aims to make investments that will increase its profitability with the funds to be obtained from the public offering.

Osman Aslanali, General Manager of Göknur AŞ, said that the company has 30 years of industrial, marketing and agricultural experience before the demand collection for the public offering of the company.

Stating that they have an annual fruit and vegetable processing capacity of more than 2 million tons and can produce more than 90 types of products at their facilities in Niğde, Adana, Afyonkarahisar and Mersin, Aslanali said that 25 percent of their production is organic.

Aslanali stated that the places where the facilities are located were chosen with a focus on production and export.

Aslanali pointed out that they export more than 80 percent of their production to corporate food companies in countries such as the USA, European countries and Japan, and explained that they obtain most of their supply products from the agricultural lands within the company.

Pointing out that the company has a team that constantly conducts research at the R&D Center, Aslanali made the following assessment:

" Our growth capacity stems from the company's continuous investments in the past 20 years. Of course, since priority is given to marketing, it is a company that has never had any marketing problems. Therefore, growth comes automatically. We are a constantly developing company. For example, our company achieved a serious growth trend in the 2000s. The reason for this is that we developed products that the fruit juice industry had never known or used, such as pomegranate, quince and cherry."

Underlining that they have been an export-oriented company since its establishment, Aslanali said, "As far as I remember, our export share has never fallen below 80 percent in any year. A significant portion of our exports are made to developed countries. We are a company that exports to a total of 85 countries and over 470 global companies in these countries. We are a company that has integrated the whole process from the branch to the glass. In other words, we both grow fruit and grow semi-finished products, which we call its intermediate products, he said"

Stating that they deliver the products to the end consumer with their own means, Aslanali told that they manage all processes from the branch to the shelf.

Stating that they foresee that the fruit juice and concentrate sector in the world will grow approximately 2 times in the near future, Aslanali said that Turkey currently has an annual export volume of 475 million dollars and that the company received the export champion award in the fruit and vegetable sector in 2021.

" Our solar energy investments have also started for our energy needs. "

Stating that the company is investing to produce its own energy, Aslanali said:

"Of course, our main goal here is to produce completely green energy. The fruits we processed had an average of 10 percent pulp. We have established biogas facilities by evaluating these pulps. We are currently producing 2.4 megawatt hours of electricity from these biogas facilities. We also use the heat released during this process in our factories. In addition, these pulps from biogas plants are natural fertilizers. We use it again as a soil nutrient both in our own gardens and in the gardens of our contracted farmers. We have also started to invest in solar energy for our other energy needs. By the end of 2023, we aim to completely produce the energy we consume." Stating that they make 100 percent domestic production, Aslanali said, "This is really a paradise homeland. A different fruit and vegetable grows in every region, in every city. We can experience four seasons at the same time. This gives us a great advantage."

" We are a company that continuously invests"

Stating that the company has continued to grow for 25 years, Aslanali said:

"We are a company that constantly invests. We have grown even faster in the last 4-5 years. Our company became a company with foreign partners in 2011. The investment accelerated even more with the foreign partner. As the capacity grows, the investment grows. Both the number of our personnel and our investments are increasing. In 2021, we had a turnover of 2 billion liras. In the 9-month period last year, we are close to 4 billion liras annually. We are a profitable company. We are a company that attaches importance to value-added products. Our profitability figures are close to 300 million liras."

Aslanali said that they foresee that the company's book building process will start on February 8, 9 and 10, and the first transaction on the stock exchange will start on February 16.

Explaining that approximately 22.4 percent of the company will be offered to the public and that they will use 65 percent of the funds from the public offering in investments, Aslanali concluded his words as follows:

"We will utilize a significant portion of it in our orchard investments. This is a very necessary investment for our sustainability and to extend our season. We believe that we have reached very serious knowledge and experience here. We will invest 15 percent in solar energy systems. We will use another 15 percent for the modernization of our machinery and equipment and a few new products. We will use the other 15 percent as working capital and increase profitability. We have a goal to reduce our financial expenses by paying off some of our existing financial debts."