Sustainable Smart Spaces & Wellness @ Home
Key investment highlights
Investment Highlights
Arçelik
Leading positions in
key markets
Diversification
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Leading producer of white goods in Turkey
Beko is one of the top three largest brand in the European market and market leader in the U.K. (up from 7th position in 2004)
One of the three largest market share in the European market as a Group, whilst holding leading positions
in its key international markets such as South Africa, Pakistan and Bangladesh
Acquisitions, greenfield investments and new sales offices to further boost global presence
Serving customers in over 150 countries with wide product range and enhanced brand portfolio including 14 brands
Recognised diversification by rating agencies, resulting in ratings above the Turkey sovereign
Proven track record
of inorganic growth
Acquisition of 60% shares of Hitachi Home Appliances Netherlands B.V. (Hitachi home appliances business outside Japan)
Acquisition of leading brands; Dawlance in Pakistan, Singer in Bangladesh, Defy in South Africa
Joint venture with Voltas, a Tata Group Company, in India and greenfield investment in Thailand
Announcement of contribution agreement with Whirlpool Europe and acquisition of Whirlpool's MENA subsidiaries (subject to regulatory approvals)
Cost Competitivenes
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Financial strength
Leading R&D
capabilities
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Production in low labour cost regions which are in close proximity to key markets
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Manufacturing facilities are among the largest of their kind leading to economies of scale
Understanding flexible manufacturing to address different local needs efficiently
Prudent debt management - net leverage ratio consistently below 2.5x and hedging policy in place
Robust revenue growth with a 96.4% increase vs 2021, resulting in a 92.9% growth in gross profit
Improvement in NW C/sales ratio from 2019 to 2022 through efficiency
Manufacturing with its technology
The only Turkish company repeatedly on the top 150 PCT applicants list of WIPO
Strategy: delivering an innovative product pipeline with energy efficient products
Market positionings reflect the data of a retail panel market as of December 31, 2022 and are in unit terms.
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