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: Arçelik
Arçelik Secures €150 Million EBRD Loan to Accelerate Green Manufacturing in Turkey
Turkish home appliance giant Arçelik has announced a new €150 million ($173.9 million) financing agreement with the European Bank for Reconstruction and Development (EBRD), aimed at advancing its environmentally sustainable manufacturing initiatives.
The funding will be split into two strategic components:
– €83 million will be allocated to Turkey’s first externally verified green loan in the manufacturing sector. This portion will support Arçelik’s comprehensive green investment program, including the transformation of production processes, modernization of facilities, and R&D efforts focused on developing eco-friendly appliances.
– €67 million will be used to upgrade key manufacturing sites—specifically, the refrigerator plant in Eskişehir and the cooking appliances facility in Bolu—enhancing energy efficiency and operational sustainability.
This latest investment builds on a previous €150 million EBRD loan that enabled Arçelik to produce quieter, more energy-efficient refrigerators and washing machines, which have seen strong demand in international markets.
According to the company, these new initiatives are designed to help meet its 2030 climate goals and align with the broader objectives of the Paris Agreement
Beko Radomsko Reaches 45 Million Appliances
A major achievement has just rolled off the production lines at Beko Radomsko facilities in Poland—the 45 millionth home appliance! This landmark moment reflects years of dedication, innovation, and teamwork.
Since opening its doors in 2008, Radomsko has evolved into one of Central Europe’s largest and most advanced manufacturing hubs. With six dishwasher lines and four washing machine lines, the site produces over 3 million appliances annually, serving households across the continent.
👷♀️👷♂️ At the heart of this success are the 1,500 talented colleagues who power Radomsko’s growth. As Michele Fabbrocile, MBA, MSc, Director of the Radomsko plants, proudly shares:
> 💬 “Our employees are the heart of this plant and the main reason why we have continued to grow for so many years.”
Radomsko operates under World Class Manufacturing standards, with continuous investment in cutting-edge technology, sustainable practices, and product excellence. It’s not just a cornerstone of our production network—it’s a benchmark for responsible industry.
Beko most sustainable
Beko has been named one of TIME Magazine’s World’s Most Sustainable Companies for the second year running, earning a place in the Top 20 and securing the #1 position in its industry.
Arçelik shareholder appears willing to further review Beko Europe divestment plan
The Minister of Enterprise and Made in Italy Adolfo Urso and the Undersecretary of the Mimit Fausta Bergamotto have apparently received assurances from the top management of the Koç group , which includes Arçelik , a 75% shareholder of Beko Europe , that the former Whirlpool plant in Comunanza will not be closed. The minister himself announced this, having met members of the government and representatives of many industrial groups in Turkey.
According to Urso, yesterday’s meetings “further improved the prospects of the industrial plan”, which will be presented to the unions on Monday.
The update of Beko’s industrial plan reported overall in Italy – writes Il Sole 24 Ore – about 200 fewer redundancies than the initial plan (from 540 to 350) among the workers of the Cassinetta di Biandronno plant, in the province of Varese, but with the confirmation of the number expected in the Melano (68) and Carinaro (40) sites together with those, 678, of the employees. As for the Siena plant, for which the stop at the end of 2025 is confirmed, today at Mimit there will be a meeting with the president of the Tuscany Region and the mayor of the city to examine the acquisition of the plant by a public structure in order to overcome the problem of excessive rental costs in view of making the site available to a new investor.
Arcelik financial
Arçelik has released its financial data for Q4 2024. Sales increased by 19% year-on-year to 108.3 billion Turkish liras (€3 billion), but were down 3% from the previous quarter. EBITDA dropped by 9% to 4.8 billion Turkish liras (€0.13 billion), with a profit of 1.7 billion Turkish liras reported to shareholders.
For the entire year of 2024, Beko Europe’s parent company recorded sales of 428.5 billion Turkish liras (€11.61 billion) and an operating profit of 15.8 billion Turkish liras (€0.4 billion), a 30% decrease. EBITDA was 25% lower than in 2023, at 23 billion Turkish liras.
Arçelik to close factories
Arçelik, which has now decided to close its 3 factories in Italy after Poland, is increasing its production volumes in Turkey while investing in Egypt.In a recent statement regarding the €110 million investment plan in Italy, it was mentioned that “As outlined in our company’s special situation statement dated November 7, 2024, negotiations are ongoing with the Italian Ministry of Companies and Made in Italy (Ministero delle Imprese e del Made in Italy) and other relevant authorities, national and regional unions, and employee representatives to evaluate the long-term sustainable transformation plan for our Italian operations.”
The statement further elaborated:
“Our goal to establish Italy as a strategic hub for industrial design and the cooking appliances category remains steadfast. We plan to invest €110 million in our Italian operations in the coming periods. Carinaro is expected to continue as the center for spare parts and renovation. To enhance profitability and efficiency, we aim to rescale some production operations related to the laundry and cooling categories in Cassinetta, Siena, and Comunanza. Additionally, we will initiate industrial transformation processes in certain areas and evaluate all strategic options, including potential disposals. Regardless, production in these factories will continue until the end of 2025.
The Ministry and union representatives have expressed their views on safeguarding local employment and have requested a re-evaluation of the submitted proposals. Negotiations will continue with unions and employee representatives for the approximately 2,000 employees expected to be impacted by this process across all our operations in Italy.”
Beko Europe confirmed the cuts in Italy
Turkey’s Arcelik, the parent company of Beko, plans to cut nearly 2,000 jobs in Italy, reducing its workforce in the country by almost half, according to trade unions. During a meeting hosted by Italy’s industry ministry, the company announced 1,935 redundancies out of a total of 4,440 employees.
Beko Europe confirmed the job cuts, citing financial underperformance in its Italian operations due to increased competition from Asian companies and weakened demand. The company stated that factory utilisation rates were below 40%, making them unsustainable. To address this, Beko plans to invest 110 million euros ($116 million) to restructure its operations in Italy and establish a sustainable long-term presence.
However, Italy’s industry ministry deemed the plan unacceptable and stated that the government would use all available means to try to protect jobs.
Disappointing third quarter for Arçelik
Arcelik the Turkish group lost 5 billion Turkish liras in the summer against a slight loss in the second quarter and a profit in the first quarter.Arçelik has announced its financial statements for the third quarter of 2024. The company suffered a net loss of 5 billion Turkish liras (135 million euros), much worse than the 12.7 million euros lost in the second quarter and the 13 million (equivalent in euros) profit in the first quarter. Sales fell only 5% to 105 billion Turkish liras (2.85 billion in euros) but the product mix focused on low-end products and the pressure on prices hit margins. EBITDA in the third quarter was 27% lower than that of the third quarter of 2023 and 60% lower than that of the second quarter The Whirlpool merger brought an additional contribution of 656 million euros. Western Europe is now Arçelik’s largest market with 39% of sales. There is very strong growth in the American market. The American sales share, which was 5% in 3Q23, increased to 12% in 3Q24
Beko Egypt White goods plant built at a total investment of $110m
Beko has placed industrial localisation at the forefront of its strategy with its first manufacturing plant in the 10th of Ramadan industrial city.
The facility, covering 114,000 square metres, will heavily rely on local suppliers, with the local content expected to reach 50-60 percent, said Umit Günel, General Manager of Beko Egypt.
“Beko Egypt’s local manufacturing drive aims to make Egypt a central hub for exporting home appliances to Europe, the Middle East, and Africa, with 60 percent of production allocated for export,” he told Zawya Projects, adding that the plant is projected to generate $250 million annually in export revenues.
The plant was officially inaugurated last week.
He emphasised the company’s commitment to boosting cooperation with local manufacturers of plastics, cables, and metals to deepen localisation, adding that within the first six months of operations, Beko Egypt increased its production capacity from 1 million to 1.5 million units of ovens and refrigerators annually and expanded its supplier network.
The plant, built with an investment exceeding $110 million, will focus on producing eco-friendly home appliances designed to save water and energy in line with Egypt’s green economy goals. It is also expected to provide over 2,000 jobs for Egyptian youth, bolstering the national economy.
Günel said the facility will run on renewable energy, supporting Beko’s ‘Zero Waste’ policy. Any production waste will be recycled, with metals and other components re-evaluated for quality.
“Beko’s dishwashers, for example, will incorporate plastic parts made from recycled materials, reflecting the company’s commitment to sustainability,” he said.
The Beko Egypt official noted that, despite tough market competition, the company is ready to expand further, continuously assessing new possibilities to introduce additional products. The dishwashing segment has received fast-track approval from Egyptian authorities.
Beko, which ranks as the second-largest household appliance brands in the region and among the top ten worldwide, currently produces 65 million units annually across the globe. The company’s global operations span 58 countries with 46 production facilities in 14 countries
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