Arçelik A. S. Reports Earnings Results for the Full Year 2017; Provides Revenue Guidance for the Fiscal Year 2018
January 30, 2018 at 04:00 pm
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Arçelik A. S. reported earnings results for the full year 2017. For the year, the company reported operating profit was at 4.9%, profit before tax was 2% and EBITDA line was 7.5%. Net operational cash flow turned positive around TRY 500 million. The full year CapEX is now slightly below TRY 1 billion, which corresponds to around EUR 250 million.
For the fiscal year 2018, the company expects revenue around 20% growth in Turkish lira. 2018 EBITDA margin is expected to be around 10% because in the first two quarters, the company do not really expect change in the prices of raw materials. CapEx for 2018, for full year 2018, the company expecting something around EUR 250 million.
Arcelik AS is a Turkey-based company, which is engaged in the production, sales and marketing, customer services after sales, exportation and importation of consumer durable goods and consumer electronics. The Group operates more than 17 manufacturing plants in Turkey, Romania, Russia, China, Republic of South Africa, Thailand and Pakistan. It operates under the following business segments: White Goods, Consumer Electronics and Other. The White Goods segment comprises washing machines, dryers, dish washers, refrigerators, ovens, cookers and the services provided for these products. The Consumer Goods segment comprises televisions primarily with flat screens, computers, cash registers, other electronic devices and the services provided to consumers for these products. The Other segment comprises the revenues from air conditioners, home appliances and furniture and kitchen gadgets except products included in White Goods and Consumer Electronics.
ARÇELIK ANONIM SIRKETI 
