Shutterstock
Report31 January 2018Updated 5 seconds ago

EM Credit: 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

Download our full report by clicking the button below

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%.