Arcelik Full-Year Report 2023

Highlights

• Consolidated revenues were flattish in 2023 compared to 2022.
• Wholesale & retail demand in Türkiye was solid throughout 2023 while the demand in international markets remained weak.
• EBITDA margin was 7.8% in 2023, up by 145 bps y/y thanks to declined raw material costs.
• Net Working Capital/Sales was 24.2% as of 2023.
• Leverage was 2.67x as of 2023.