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.