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
30View entire presentation