Sustainable Smart Spaces & Wellness @ Home
20
3Q23
HIGHLIGHTS
Arçelik
Solid revenue growth momentum and annual margin improvement at all lines
maintained..
TRY58.2bn
Revenue
Consolidated revenue growth of 70% y/y driven by continued strong unit growth in Türkiye,
strategic pricing initiatives and TRY depreciation.
10.6%
EBITDA Margin
24.0%
OPEX/Sales
Wholesale & retail demand in Türkiye remained strong while the demand in international markets
continued to decline.
EBITDA margin was 10.6%, up by 190 bps y/y thanks to eased raw material costs, strong Türkiye
operations and strategic pricing across regions.
Net Working Capital/Sales was 23.4% as of 3Q23.
23.4%
Leverage was down to 2.36x as of September, 2023.
NWC/Sales
2.36x
Leverage
Successful issuance of USD400m Eurobond.
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