Arcelik A.S.

Arcelik A.S.

71.40
TRY
-3.10
(-4.16%)
67.13BMarket Cap
Oct 22Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
16.42
18.52
20.96
23.82
30.84
39.82
47.27
60.49
102.53
419.14
611.69
924.34
860.92
- -
Basic EPS, GAAP
0.88
0.91
1.32
1.92
1.25
1.26
1.37
4.21
4.61
10.24
32.14
3.64
-13.73
- -
Free Cash Flow per Basic Share
-0.19
0.81
1.6
1.83
-0.59
-0.17
2.66
6.93
-5.39
-22.12
-31.33
-20.29
8.77
28.71
Dividend per Share
0.6
0.52
0.52
0.39
0.63
0.64
- -
0.04
2.28
5.96
7.68
2.43
1.68
1.18
Book Value per Share
6.01
6.45
6.89
8.85
10.18
12.11
14.29
20.45
28.69
85.26
133.86
144.88
107.28
115.05
Tangible Book Value per Share
4.45
4.83
5.16
5.44
6.37
7.51
8.69
13.71
14.75
42.22
69.22
48.12
14.2
28.07
Basic Weighted Avg Shares
676
676
676
676
676
676
676
676
665
614
607
607
609
632
Sales/Revenue/Turnover
11,098
12,514
14,166
16,096
20,841
26,904
31,942
40,872
68,184
257,172
371,203
560,937
523,933
- -
Operating Margin (%)
7.3
7.74
7.5
7
7.05
7.4
6.64
9.89
7.1
3.25
3.57
1.27
1.16
- -
Depreciation Expense
302
346
370
439
548
690
1,055
1,222
1,846
8,063
12,583
21,663
23,251
20,423
Net Income, GAAP
598
617
891
1,300
843
852
925
2,848
3,065
6,285
19,505
2,211
-8,356
- -
Effective Tax Rate (%)
16.39
12.8
- -
- -
- -
9.86
14.46
17.69
10.26
3.19
- -
- -
- -
- -
Profit Margin (%)
5.39
4.93
6.29
8.08
4.04
3.17
2.9
6.97
4.49
2.44
5.25
0.39
-1.59
- -
Working Capital
3,568
4,041
4,170
4,368
5,098
6,699
8,468
9,234
19,093
23,118
48,397
10,771
-9,909
-1,794
LT Debt
2,581
2,965
3,269
3,407
4,114
6,432
8,803
6,844
19,535
26,709
64,192
99,185
87,950
107,423
Total Equity
4,139
4,399
4,676
6,005
6,915
8,219
9,816
14,024
21,055
58,039
85,997
98,252
75,905
81,549
Return on Invested Capital (%)
11.53
9.63
- -
- -
- -
13.82
10.13
14.29
14.8
9.24
- -
- -
- -
- -
Return on Capital (%)
9.16
9.91
- -
- -
- -
10.2
9.96
14.04
10.64
13.8
- -
- -
- -
- -
Return on Common Equity (%)
15.13
14.66
19.78
24.45
13.11
11.31
10.37
24.26
18.46
17.42
29.11
2.61
-10.56
- -

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
147,949
159,777
150,519
LT Borrowings
80,139
81,391
99,281
LT Finance Leases
7,811
8,075
8,142
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
656
656
676
Market Capitalization
66,272
71,259
67,134

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
330,747
338,697
374,623
Cash, Cash Equivalents & STI
97,829
79,462
64,288
Accounts Receivable, Net
119,105
136,880
142,266
Inventories
89,980
98,375
104,593
Total Current Liabilities
340,656
354,485
376,417
Payables & Accruals
- -
- -
- -
ST Debt
147,949
159,777
150,519
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
39.02%
53.09%
-22.74%
Free Cash Flow
-170.68%
-7.36%
-143.33%
Net Income, GAAP
-1.53%
-48.71%
-477.94%
Sales/Revenue/Turnover
55.17%
86.57%
-6.6%
Total Cash Common Dividend
- -
1,111.32%
-30.92%

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
99,801
137,188
140,480
127,186
560,937
2025
142,797
160,332
- -
144,664
523,933
2026
130,272
141,324
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4
33.46
-9.21
11.03
3.64
2025
-3.53
-5.08
- -
-3.16
-13.73
2026
-2.77
5.23
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.57
0.44
2.43
2025
0.03
0.42
0.25
0.98
1.68
2026
- -
- -
- -
- -
- -

Company Description

CEO
Cemal Can Dinçer
Full Time Employees
11,611
Sector
Consumer durables
Industry
Electronics/Appliances
Address
Karaagaç Caddesi No: 2-6 Beyoglu IB Turkey 34445
IPO Date
Jan 21, 1986
Business
Arçelik Anonim Şirketi is a Turkish multinational manufacturer and marketer of household appliances and consumer electronics, offering a broad portfolio of white goods including refrigerators, freezers, washing machines, dishwashers, cooking appliances, and built-in products; small domestic appliances such as vacuum cleaners, coffee makers, blenders, and air conditioners; consumer electronics; and related after-sales services and components. The company operates through White Goods, Consumer Electronics, and Other segments, serving consumers in more than 100 countries across Europe, Asia Pacific, Africa, and other regions via 23 production facilities in 9 countries including Turkey, Romania, Russia, China, South Africa, and Thailand, and over 4,500 branches primarily in Turkey. Products are marketed under 22 brands such as Arçelik, Beko, Grundig, Whirlpool, Hotpoint, Ariston, Leisure, Indesit, Blomberg, Voltas Beko, Flavel, Bauknecht, Privileg, Ignis, Polar, Altus, Arctic, Dawlance, Defy, Singer, Hitachi, and Elektra Bregenz. Founded in 1955 and headquartered in Istanbul, Turkey, Arçelik A.Ş. is controlled by Koç Holding and trades on Borsa Istanbul under the ticker ARCLK.IS. Recent developments include the 2022 merger of its European operations with Whirlpool Corporation to form Beko Europe, a standalone entity in which Arçelik holds a 75% stake, enhancing manufacturing capabilities with 11 plants across Italy, the UK, Poland, Romania, and Slovakia, and targeting €100-150 million in cost synergies; acquisitions of Whirlpool's operations in the Middle East, Africa, Turkey, and Russia/CIS regions; a 2024 rebranding of global operations under the Beko Corporate name; and ongoing Horizon Europe projects providing €1.7 million in funding for production and sustainability initiatives with over 100 partnerships.

Company News

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