Arcelik Q4 Report 2022

 

Solid revenue growth momentum on track as further eased material costs contributed margin expansion.

  • Robust revenue growth of 74% y/y driven by price increases, higher units sold in Turkey and TRY depreciation. Organically, annual growth was 67%. On a quarterly basis, the revenue growth was 14% while organic growth were stood at 11%.
  1. Price increases on both quarterly & yearly basis
  2. Significant TRY depreciation on a yearly basis
  3. Increased unit sales in Turkey on a yearly basis
  • Sell-out and sell-in were positive in Turkey mainly thanks to pull forward demand, while contraction in consumer demand continued in both West & East Europe.
  • Eased costs, price increases and further improved OPEX/Sales ratio resulted in 42 bps q/q EBITDA margin expansion.
  • Net Working Capital/Sales was 21.0% thanks to decreasing inventories and strong collection.
  • A new business partnership with Whirlpool in Europe and acquisition of Whirlpool’s MENA subsidiaries has been announced.

Free Trial

Step 1 of 2

Name(Required)

By pressing “Send” you agree to the Privacy Policy of this site

No Credit Card needed, after filling up the form you will receive your Free-Trial login information in 24 to 48 hours by e-mail.

ImprintPrivacy Policy

All Rights Reserved © aicorite.com