Report31 January 2018Updated one year ago

Turkey’s Arcelik posts decent results

Household appliance maker Arcelik saw Ebitda rise 10% in FY17 though net profit fell by a third as currency effects hit margins

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Executive summary

Q4 activity was weak following the expiry of Turkey's white goods sales tax break at end-September but Arcelik posted decent results for FY17 and the company expects 2018 revenue growth of c.20% in TRY terms, with Ebitda margins of c.10%.