R&D and Innovation in Energy Efficient Products

May 2020 International Growth - United States • · • . • Small but highly profitable Mainly serving to residential projects with higher-end products under Blomberg brand Continuing to build retail distribution by signing new deals under Beko and Grundig brands Capability to produce compact products with strong features is the key in this niche market Profitability is higher compared to consolidated level Always on the look-out for a possible acquisition to enter into mass market 1230 Mercedes Building, New York The Bond, Washington, DC 00 Arçelik

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