Arçelik Anonim Sirketi Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 20, 2023 at 01:58 pm EDT
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Arçelik Anonim Sirketi reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TRY 58,217.88 million compared to TRY 34,254.6 million a year ago. Net income was TRY 1,000.91 million compared to TRY 335.76 million a year ago. Basic earnings per share from continuing operations was TRY 1.649 compared to TRY 0.553 a year ago.
For the nine months, sales was TRY 145,057.3 million compared to TRY 94,723.63 million a year ago. Net income was TRY 2,567.23 million compared to TRY 1,759.93 million a year ago. Basic earnings per share from continuing operations was TRY 4.23 compared to TRY 2.858 a year ago.
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 
