In the second quarter, Arçelik Group—the parent company of Beko and majority shareholder of Beko Europe—reported a year-on-year revenue decline of 11.5%, falling from 137 billion Turkish lira to 121 billion. Despite the downturn, the multinational remains balanced in its geographical revenue distribution: one-third from Turkey (where the market remains resilient), one-third from Europe (facing notable headwinds), and one-third from global markets (where strategic investments are beginning to pay off).
– 📊 Regional volume shifts:
  – Italy: +5%
  – Spain: +10%
  – France & Germany: Declines
– 🌍 Total European sales rose just 1.4% in volume, indicating modest recovery amid operational challenges.
Financial Snapshot: Margins Up, Debt Weighs

While operating costs continue to strain profitability, a weaker U.S. dollar—used to purchase raw materials and components—boosted gross margin from 27.2% to 28.4%.

– ⚖️ EBITDA increased from 4.9% to 5.9%, reflecting operational efficiency.
– 🧾 Arçelik reports progress on its workforce restructuring, having completed two-thirds of planned office staff reductions.
– 📉 However, a debt burden of 7 billion Turkish lira led to a net quarterly loss of 3 billion.