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Arçelik Revenues Up, Profits Hurt by Raw Materials
Feb 22, 2011
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Arçelik Group said its 2010 results are "broadly in line" with its expectations, reporting total 2010 revenue TL 6,936 million (approx. US$4,360 million) compared to TL 6,592 million (approx. $4,147 million) in 2009. Gross profit was 29.8% in 2010, compared to 33.0% in 2009. Profits were hurt by raw materials costs.

The Turkish consumer goods makers said its white goods appliances business revenue was TL 4,392 million in 2010, compared to TL 4,303 million in 2009. Gross profit was 36.1% compared to 40.2% in 2009.

Consumer electronics revenue was TL 1,256 million in 2011, compared to TL 1,209 million in 2009. Gross profit was 20.8%, compared to 21.7%

Other revenue was TL 1,289 million in 2010, compared to TL 1,080 million in 2009.

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