Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Arcelik 1Q Revenues Up Slightly
May 15, 2013
 Printable format
 Email this Article
 Search

Turkish-based appliances and consumer electronics producer Arcelik reported first quarter 2013 revenue of 2,430 billion Turkish Lira (approx. US$1.332 billion), up 1.0% from TL 2.406 billion in the first quarter of 2012. Revenue in the previous quarter--the fourth quarter of 2012--was TL 2.644 billion. Arcelik's gross profit in 1Q 2013 was 30.4%, from 28.3% in 1Q 2012 and 28.8% in 4Q 2012.

Revenue in Turkey in 1Q 2013 was TL 1.080 billion, up 4.2% from TL 1.037 billion in 1Q 2012. International revenue in 1Q 2013 was TL 1.350, down 1.4% from TL 1.369 billion in 1Q 2012.

The company expects to see white goods appliances volume growth in Turkey of 4-5%, which is in-line with GDP growth expectations. Internationally, it expects growth of approximately 10%. Total revenue growth in Turkish Lira in 2013 is expected to be more than 10%.

Arcelik has launched a line of major appliances (white goods) under the Grundig brand name. The company believes it can leverage this consumer electronics brand name into increased major appliances sales, which will have a positive impact on 2013 results.

Arcelik is part of the consumer durables business of Turkish conglomerate Koc Group, and is a market leader in Turkey in many residential appliance and consumer electronics segments. Its Beko brand of appliances has a strong share of the appliance market in the UK and other European markets.

Back to Daily News

 

Daily News

...........................................................

Oct 21, 2014: AHRI Annual Meeting Registration Remains Open

Oct 20, 2014: Electrolux 3Q Operating Income up 29%

Oct 17, 2014: Whirlpool completes purchase of majority interest in Indesit

Oct 17, 2014: Corrected: AHRI Annual Meeting Registration Remains Open

Oct 17, 2014: Walmart will moderate brick-and-mortar growth and increase capital spending on e-commerce capabilities

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows