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: Beko Europe
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 Europe Signs Framework Agreement to Drive Industrial Transformation
After nearly five months of negotiations, Beko Europe has finalized a framework agreement with the government, Regions, and social partners to implement an industrial transformation plan for the sites previously owned by Merloni and Whirlpool. This milestone agreement, endorsed by 88% of workers’ assemblies, marks a significant step in modernizing operations while prioritizing job preservation.
Minister Adolfo Urso hailed the agreement as “historic and essential for governing this industrial transition, safeguarding the exceptional strength of Made in Italy, which is becoming a key driver in Europe for this major multinational.” Fatih Ebiçlioğlu, President of Beko Europe and the Consumer Durables division of Koç Holding, echoed the sentiment, stating, “Italy has always been a strategic pillar for our global activities, and today’s agreement is a decisive step for our group’s future in the country.”
**Employment Measures and Investment Commitments**
The agreement successfully reduces redundancies from over 1,935 to 937 positions. Additionally, 287 workers at the Siena site (bringing the total to 1,284) will have access to conservative social safety nets and voluntary exit incentives. Beko has committed to managing any potential surpluses until 2027 exclusively through these measures, offering incentives such as 48-month pension slips and severance packages of up to €90,000 for workers over fifty who are ineligible for pension requirements.
**Site-Specific Developments and Investment Plans**
– **Cassinetta di Biandronno (VA)**: This site will focus on producing built-in cooking and refrigeration appliances, supported by €136 million in investments for product development, research, and energy efficiency improvements, including €8.5 million for solar panel installations.
– **Melano (AN)**: Set to become a European hub for gas, radiant, and induction hobs, the site will benefit from a €62 million investment in product and process development, with €1.5 million allocated for energy efficiency enhancements and solar panels.
– **Comunanza (AP)**: Maintaining its role in producing washer-dryers and high-capacity models, the site will introduce a new product line with €15 million in investments, including €3 million for sustainability measures.
– **Carinaro**: Strengthened as a central hub for spare parts and accessories, the site will manage European order fulfillment and appliance regeneration. A €5 million investment will expand storage capacity and modernize technological processes.
– **Fabriano**: The electronics Research and Development hub, originally slated for closure, will remain operational, underscoring Beko’s commitment to innovation.
A Historic €300 Million Investment Plan
The €300 million investment plan aims to modernize products, upgrade facilities, and ensure the long-term viability of all factories, safeguarding employment levels while driving innovation.
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.
Beko Europe: Leading the Charge in Sustainability
With an impressive score of 89/100, Beko Europe has been recognized as the most sustainable brand in its sector, according to the 2024 edition of the S&P Global Corporate Sustainability Assessment.In addition, Arçelik, the Turkish parent company of Beko, has achieved the highest score in the Household Durables Industry category for the sixth consecutive year. Furthermore, Arçelik has secured the 44th position in the 2024 ranking of the 500 World’s Most Sustainable Companies,
Stalemate in Negotiations Between Italian Government and Beko Europe Over Factory Closures
Negotiations between the Italian Government and Beko Europe have hit a substantial deadlock regarding the planned closure of several factories and production lines acquired from Whirlpool in Italy. During a hearing before the Chamber of Deputies’ Productive Activities Committee, Maurizio David Sberna, Beko Europe’s head of external and institutional relations, expressed the company’s commitment to evaluate all potential industrial operations. He emphasized that any actions taken to mitigate the impact of these closures would only proceed if they do not alter the economic impact of the current plan, which aims to halt unsustainable financial losses.
The factories in Siena, Comunanza (Ascoli Piceno), and Cassinetta (Varese) are particularly affected, with each incurring over €50 million in annual losses. This situation is exacerbated by the overall decline in demand for household appliances in Europe and increased competition from Chinese manufacturers. Beko Europe estimates a loss of €224 million in the large household appliances sector in Europe for 2024 alone.
Beko Europe also reiterated that their plan complies with the requirements notified under the Golden Power regulations. Consequently, there are no grounds for government intervention to alter Beko Europe’s actions, with the government’s role limited to monitoring the implementation methods.
Beko Europe Shifts Production: A Predictable Move
Beko Europe has announced the closure of some European operations, relocating production elsewhere. This decision aligns with the Turkish manufacturer’s long-standing aggressive pricing strategy. A quick online search reveals washing machines priced as low as €270. Given that raw material costs are consistent globally, and Italy faces some of the highest energy costs in the world, it’s no surprise that Beko would choose to produce in Turkey, where labor costs are a fifth of those in Italy.
Beko’s move is a logical step in maintaining its competitive edge. The real oversight lies with those who now invoke goldenpower to keep unprofitable factories running. Political leaders should have steered the sale of Whirlpool’s assets towards companies with different market strategies. Instead, they are now attempting to rectify a situation that has been deteriorating for years.
In the Fabriano area, some are calling for drastic measures, but such actions are futile. What is truly needed are rational and forward-thinking industrial policies.
Beko Europe in Italy
Beko Europe’s Meeting with Italian Social Partners: A Disappointing Update
On November 7th, a long-awaited meeting took place at the Ministry of Industry and Made in Italy in Rome. The meeting, attended by Beko Europe CEO Ragip Balcioglu, was intended to address the company’s operational challenges in Italy. However, the outcome was far from positive.
During the meeting, Beko Europe outlined several significant issues impacting its Italian operations:
* Weakened Consumer Demand: A notable slowdown in consumer demand across Europe has negatively affected the company’s sales.
* Intensified Competition: Increased competition from Asian market players has further eroded Beko Europe’s market position.
* Negative Business Performance: Despite substantial historical investments, the company has experienced negative business performance.
* Structural Overcapacity: Italy’s manufacturing facilities are facing challenges due to structural overcapacity.
These factors have collectively created a challenging environment for Beko Europe’s Italian operations. The meeting with social partners aimed to discuss potential solutions and strategies to mitigate these issues. However, the specific details of the discussions and any proposed solutions have not been publicly disclosed.
As the company navigates these turbulent times, it remains to be seen how Beko Europe will adapt to the changing market dynamics and ensure the sustainability of its Italian operations.officially announced the closure of factories in Poland and the group’s only plant in the United Kingdom, the spotlight is now on Italy where Beko has 4,400 employees, exceeding 5,000 with temporary workers.the historic refrigeration line in Cassinetta di Briandronno (but not the line dedicated to built-in ovens and microwaves); the entire Siena plant (dedicated to the little-selling category of chest freezers) and the Comunanza site engaged in the production of washing machines and washer-dryers, also produced in Beko’s plants in Turkey and in what until the merger was Beko’s only industrial presence in Europe: the Ulmi plant.
In total, according to press sources that followed the event, at least 1,000 jobs are at risk among the 4,400 employees in Italy, excluding temporary workers.
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