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.
Tag Archives: Beko Appliances
Beko Australia and New Zealand
Beko Australia & New Zealand has marked a dual milestone with the official opening of its renovated support office in Ormeau, Queensland, and the appointment of a new managing director Jim Kalotheos taking the role of Managing Director of Beko ANZ, succeeding John Brown, who retired after more than eight years in the role
Grenfell Tower fire
The company behind the Hotpoint fridge-freezer linked to the devastating Grenfell Tower fire is facing legal action for allegedly failing to test the model’s materials against fire safety standards.
As reported by the *Financial Times*, Beko Europe—formerly known as Whirlpool—is among several businesses named in a High Court lawsuit exceeding £358 million. Investigations previously identified the Hotpoint FF175BP fridge-freezer as the likely initial source of the fire in June 2017, which tragically claimed over 70 lives.
Lawyers representing the Royal Borough of Kensington and Chelsea, as detailed in *The Guardian*, argue that Beko Europe neglected to test critical materials such as the plastic backing, foam, and polystyrene used in the fridge-freezer. They contend that such materials would have failed compliance under the Electrical Equipment (Safety) Regulations 1994 if properly tested.
In response, the company disputes these allegations and asserts it is “vigorously defending” the claims.
Meanwhile, Arçelik, the Turkish parent company of the Beko brand, completed a merger last year with U.S.-based Whirlpool, forming Beko Europe.
The issue of fire safety in household appliances has been a longstanding concern. A 2013 report by the London Fire Brigade highlighted fridges and freezers as among the “most dangerous household appliances during a fire,” citing the high amounts of plastic and flammable insulation as contributing to approximately 300 fridge-related fires annually across Great Britain.
Beko close UK factory
Beko Europe told staff last month that its Hotpoint UK factory in Yate, near Bristol, will close on December 31.
The decision means the end of more than a century of manufacturing at the site on Station Road.
A spokesperson from Beko Europe said all affected staff have been notified and that they are “grateful for their continued efforts”.
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
Beko to close UK factory
Beko has announced it is considering the closure of its subsidiary Hotpoint UK Appliances factory in Yate, South Gloucestershire. The move puts approximately 150 jobs at risk.
New built-in appliances from Beko
Beko’s latest innovations in the built-in segment indeed sound impressive. The Midnight collection stands out with its award-winning design and functional elegance, characterized by dark tones and matte and satin finishes. Here’s a summary of the features you mentioned:
– Ovens
– BBIM10500MTSW
Features a TFT display, 13 functions, AeroPerfect technology for even hot air distribution, HomeWhiz Wi-Fi connection, and energy efficiency class A+.
-BBIM10600MTMSW (bPRO500 series): Shares similar technologies but includes a touch display.
Induction Hobs
HII88810NTIMT Offers flexibility with IndyFlex+ technology,Touch Direct Control+, and Power Management.
– Hoods
BHCA98841BMTHSI, Equipped with touch control, HomeWhiz Hob to Hood connection, and 3 power levels plus a booster.
– Dishwasher:
– BDIN38562C A 60 cm dishwasher with a 75 cm door, featuring a compartment for detergents, supports door weights between 9 and 12 kg, has 8 programs, a third rack, CornerIntense technology, a delay timer up to 24 hours, ProSmart Inverter motor** and energy efficiency class A.
The integration of advanced technologies like **AeroPerfect** and **IndyFlex+**, along with smart connectivity through **HomeWhiz**, enhances the user experience by offering convenience and efficiency. The focus on design and functionality, as seen in the 75 cm door dishwasher, reflects Beko’s commitment to innovation in home appliances.
Beko split and cook technology
The run-up to this year’s IFA, Beko has already
announced an exciting innovation in the field of
cooking and baking, with the launch of its new built-in
oven featuring Split&Cook technology: The oven’s
cooking space delete in can be divided, allowing
simultaneous baking, stewing or grilling – all without
cross contamination of flavours, the company says.
In the divisible cooking chamber of the Split&Cook built-in oven BBVM13400XDS, from the
bPRO 500 series, two different dishes can be prepared at a temperature difference of up to
80°C, Beko says. Users can bake sourdough bread at 250 °C and at the same time cook
lasagne at 170°C, or gratinate a hearty vegetable casserole and prepare the sweet apple
crumble for afternoon coffee at the same time – and the flavours stay where they belong.
Meanwhile, if only a couple of rolls or croissants need warming on a Sunday morning, the
half of the oven that is not required can remain significantly cooler – thus saving up to 18%
energy. The oven has an energy efficiency rating of A+.
Turn one into two with a flick of the wrist
According to the manufacturer, the 72-litre cooking space can be divided into an upper and a lower segment in just a flick of the wrist, if it is not being used to its full height, thanks to a
heat-insulating plate.
Both compartments have their own fans with AeroPerfect technology, which are said to
optimally distribute hot air and thus ensure, for example, evenly golden brown biscuits
without burnt corners.
In terms of practical features, the Split&Cook has telescopic rails in both halves of the oven to make it easy to put food in and take it out.
The light comes on automatically when the oven door is opened, and the door closes gently with SoftClose. The side rails, featuring five shelf levels can be detached for easier cleaning
Precise control on both levels
Finally, the new oven can be operated via the LCD display and the rotary knobs almost like
two independent ovens: two controllers allow the temperature to be set to an accuracy of five degrees each, taking into account the maximum temperature difference, separate timers for both sub-rooms are integrated. The oven has a total of 14 types of heating – in addition to top/bottom heat and convection, these include programs such as defrosting, grilling, pizza
and keeping warm.
Arçelik Whirlpool update
During the presentation of the fourth quarter results, Arçelik communicated the name of the new company that acquired the assets of Whirlpool Emea. This was reported by the Market screener website which quotes Arçelik’s quarterly report presented to shareholders yesterday.
It will be called Beko Europe BV, it will be a company incorporated under Dutch law and will have a production capacity of 24 million household appliances a year. The 20 thousand employees (6 thousand of Beko, added to the 14 thousand of Whirlpool) currently work in the 2 Romanian plants of Beko, in the 14 plants of Whirlpool in Italy, Poland, Slovakia and the United Kingdom, in the 25 offices of the European subsidiaries of Beko and across 38 Whirlpool EMEA locations.
In addition to the brands of the Arçelik group, Beko Europe will own the Hotpoint, Indesit, Bauknecht, Privileg and Ignis brands and will have the license to use the Whirlpool brand for 40 years.
Arçelik Egypt factory
Arçelik celebrate laying the foundation stone for their first factory in Egypt.
Located in Cairo’s 10th of Ramadan Industrial Zone, the factory is projected to start manufacturing in Q4 of 2023 with an annual capacity of 1.5 million household appliances.
The state-of-the-art manufacturing site, with a total area of 114.000m2, will produce eco-friendly cookers and refrigerators in the first phase of production.
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