In the third quarter of 2025, Arçelik—majority owner of Beko Europe—reported a net loss of 2 billion Turkish lira (€41 million), falling short of analyst expectations, which had forecast a more modest 1.1 billion lira (€22 million) deficit. Despite the miss, the result marks a notable improvement over the same period in 2024, when losses ballooned to 5.6 billion lira (€114 million).
Revenue for the quarter declined 11% year-over-year, landing at 124 billion lira (€2.53 billion). The drop reflects a slowdown in domestic appliance demand, as many Turkish households had already front-loaded purchases in recent years to hedge against inflation.
Looking ahead, Arçelik aims to preserve EBITDA margins between 6% and 6.5% for the full year by trimming capital expenditures—from a projected €300 million down to €250 million.
On the global front, the company expects a 5–10% boost in foreign currency earnings by year-end, driven by performance across Beko Europe, Egypt, and Asia.
Tag Archives: Appliance industry trends
Whirlpool Under Pressure: Q2 Earnings Miss and Mounting Market Challenges
Whirlpool Corporation is navigating turbulent waters as it faces mounting financial and operational headwinds. The appliance giant’s Q2 2025 earnings fell short of analyst expectations, driven by continued weakness in North American demand and profit margins hovering near decade-long lows—despite aggressive cost-cutting measures.
The company’s strategic pivot toward innovation and premium product offerings has yet to counterbalance growing affordability concerns and broader cyclical risks. Rising debt levels and a strained balance sheet have further intensified investor caution, prompting a recent ‘sell’ rating from market analysts.
While Whirlpool remains committed to long-term transformation, the current economic climate poses significant hurdles. For industry watchers and stakeholders, the coming quarters will be critical in assessing whether the brand can regain momentum or if deeper structural shifts are needed.
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