R&D and Innovation in Energy Efficient Products
May 2020
Income Statement
TRY mn
2015
2016
2017
2018
2019
Revenue
14,166
16,096
20,841
26,904
31,942
Gross Profit
4,536
5,340
6,506
8,546
10,259
EBIT*
1,157
1,331
1,406
2,107
2,296
Profit Before Tax
785
1,202
821
949
1,114
Net Income**
893
1,304
845
856
953
EBITDA
1,527
1,769
1,954
2,797
3,351
Gross Profit Margin
32.0%
33.2%
31.2%
31.8%
32.1%
EBITDA Margin
10.8%
11.0%
9.4%
10.4%
10.5%
Net Income Margin
6.3%
8.1%
4.1%
3.2%
3.0%
Revenue Growth
13%
14%
29%
29%
19%
EBITDA Growth
11%
16%
10%
43%
20%
Net Income Growth
40%
46%
-35%
1%
11%
Only 2019 financials include IFRS-16 implementation other periods are not re-stated.
* EBIT was calculated by deducting the impact of foreign exchange gains and losses arising from trade receivables and payables, credit finance income and charges and cash
discount expense and adding income and expenses from sale of property plant and equipment.
** Net income before minority
ArçelikView entire presentation