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arcelik as-unsponsored adr (ACKAY) Snapshot

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01/12/15 - $33.65
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arcelik as-unsponsored adr (ACKAY) Details

Arçelik A.S., together with its subsidiaries, produces, markets, sells, and services consumer durable goods and consumer electronics in Turkey, Romania, Russia, China, and the republic of South Africa. It offers white goods, such as refrigerators and freezers, washing and dryers, dishwashers, cookers, and water dispensers; and electronics comprising televisions, computers, and cellular phones. The company also provides heating and cooling systems comprising heaters, air conditioners, and air conditioning systems; and built-in products, including built-in refrigerators and freezers, washing machines, dishwashers, ovens, cooktops, domino hobs, cooker hoods, chimney hoods, microwaves, food waste disposers, and hob cabinets. In addition, it provides kitchen line products, such as mixers, food processors, choppers, blenders, fruit presses, hand blenders, tea machines, kettles, home breadmakers, coffee machines, toast machines, toasters, and grills; vacuum cleaners; irons; personal care products consisting of hair dryers, hair molders, and hair strengtheners; ventilators and steam cleaners; and toys. The company offers its products under the Arçelik, Beko, Grundig, Blomberg, ElektraBregenz, Arctic, Leisure, Flavel, Defy, and Altus brand names. Arçelik A.S. sells its products through a network of dealers and distributors, as well as through its stores. The company was founded in 1955 and is headquartered in Istanbul, Turkey.

Founded in 1955

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arcelik as-unsponsored adr (ACKAY) Key Developments

Arcelik AS Announces Consolidated Audited Earnings Results for the Year Ended December 31, 2014

Arcelik AS announced consolidated audited earnings results for the year ended December 31, 2014. For the year, the company reported net sales of TRY 12,514,033,000 against TRY 11,097,711,000 a year ago. Operating profit was TRY 968,789,000 against TRY 1,122,526,000 a year ago. Operating income before financial income was TRY 1,001,832,000 against TRY 1,156,395,000 a year ago. Profit before tax was TRY 731,622,000 against TRY 744,780,000 a year ago. Net income attributable to equity holders of the company was TRY 617,084,000 against TRY 597,845,000 a year ago. Earnings per share were TRY 0.913 against TRY 0.885 a year ago. Cash flow from operations was TRY 930,764,000 against TRY 383,885,000 a year ago. Acquisition of tangible and intangible assets was TRY 453,167,000 against TRY 511,773,000 a year ago. Capital expenditure was TRY 461,870 against TRY 521,633 a year ago.

Arcelik AS, 2014 Earnings Call, Jan 30, 2015

Arcelik AS, 2014 Earnings Call, Jan 30, 2015

Arcelik AS's Beko Brand Invests USD 100 Million for New Plant

Beko announced that it has selected Thailand to be the location of its first ASEAN production facility, with the plant going into operation by the end of 2015. The plant, for which the foundation stone laying ceremony was conducted 6 January is located on a 263,000 sqm plot at Hemaraj Rayong Industrial Land. It is being built with an investment of USD 100 million and, within three years, will produce more than 500,000 units of refrigerators, annually. The Thai plant is the group's fifteenth plant.


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