#Beko

Turkish appliance maker Arçelik reported third quarter 2014 revenue of TL 3,234 million (approx. US $1,440 million), up 11.4% from $2,902 million in the third quarter of 2013. Gross profit in 3Q 2014 was reported to be 32.2% of sales, up from 30.9% in 3Q 2013.

In the first nine months of 2014, revenue was TL 9,112 million, (approx. US $4,058 million), up 13.9% from TL 7.998 million in the first nine months of 2013. Gross profit in the first nine months of 2014 was reported to be 32.1% of sales, up from 30.5% in the first nine months of 2013.

Revenue from Arçelik’s White Goods (major appliances) business segment was TL 6,635 million (approx. US $2,995 million) for the first nine months of 2014, up 18.5% from TL 5,597 million in the first nine months of 2013.

Revenue from Arçelik’s Electronics business segment was TL 1,227 million in the first nine months of 2014, up 21.1% from TL 1,054 million in the first nine months of 2013.

Revenue from the company’s Other business segment was TL 1,200 million in the first nine months of 2014.

The company reported that, of the total revenue of TL 9,112 million in the first nine month, TL 3,515 million came from sales inside Turkey, up 1.0% from the first nine months of 2013. TL 5,597 million came from international sales, up 23.9% from the year before.

For full-year 2014, Arçelik’s expects stable or increased market share in key regions. The company expects to see white goods volume in Turkey to be down 0-5%, and white goods volume in International markets to be up more than 6%. The company expects revenue growth for the year to be greater than 10% in Turkish Lira.

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