Sustainable Smart Spaces & Wellness @ Home slide image

Sustainable Smart Spaces & Wellness @ Home

Demand in key geographies remained to be weak 9% Share in total revenue Africa & Middle East • Revenues generated from Africa & Middle East increased by c.7% y/y in 3Q23 in EUR terms, mainly driven by strong Middle East operations. Defy's domestic unit sales increased by low-teens percentage third quarter on a yearly basis while export units declined by high single digit percentage. the • • • Defy's net sales increased by c.4% in ZAR terms in 3Q23 y/y. In EUR terms, net sales were contracted at around low-teens percentage, as a result of depreciated ZAR against EUR. Compared to the declining trend in the first and the second quarter of 2023, consumer demand improved in 3Q23 and was flattish compared to a year ago. Defy maintained its strong market leadership as of September 2023. Despite the declining market due to challenging macroeconomic conditions and restrictions on trade, Beko Egypt posted a solid revenue growth of % 54 in EUR terms y/y thanks mainly to increased white goods sales. Compared to the first eight months of 2022, MDA6 market contracted at high-single digit percentage in Egypt. In this period, Beko increased its market share in the country, in both unit and value terms and also its price index. 3Q23 Highlights Arçelik Asia-Pacific • • Revenues from APAC were down by c.31% in EUR terms in 3Q23 y/y. The contraction was primarily as a result of weak demand environment. In Pakistan, net sales increased by c.16% y/y in PKR terms thanks mainly to price increases, despite lower units sold given the unfavourable economic conditions. In EUR terms, net sales were contracted by c.17%, reflecting the depreciation of PKR and contracted sales units. In Bangladesh, net sales were down by c.35% in BDT terms in 3Q23 y/y due to unit contraction in major products such as refrigerator, air conditioner, computer and sewing machine. BDT continued to depreciate against EUR which has led to c.47% y/y lower net sales in EUR terms. 12% Share in total revenue 30
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