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ARCLK - Arcelik AS News Story

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Last Trade - 4:00pm

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £1.92bn
Enterprise Value £2.39bn
Revenue £3.65bn
Position in Universe 22nd / 645

BRIEF-Arcelik Q2 Net Profit Rises To 406.6 Million Lira YoY, Revises Outlook

Thu 23rd July, 2020 4:23pm
July 23 (Reuters) - ARCELIK A.S.  ARCLK.IS :
    * ARCELIK - Q2 NET PROFIT OF 406.6 MILLION LIRA VERSUS 219.1
MILLION LIRA YEAR AGO
    * ARCELIK - Q2 REVENUE OF 7.83 BILLION LIRA VERSUS 8.43
BILLION
LIRA YEAR AGO
    * ARCELIK SEES 2020 EBITDA MARGIN TO BE AT 10.5%-11% VERSUS
PREVIOUS EXPECTATION OF AROUND 10.5% FOR 2020
    * ARCELIK SEES 2020 ORGANIC REVENUE GROWTH AT 10%-15% VERSUS
PREVIOUS EXPECTATION OF 10%-15% LIRA BASED
    * ARCELIK EXPECTS 2020 INVESTMENT SPENDINGS TO BE AT AROUND
EUR
150-160 MILLION VERSUS PREVIOUS EXPECTATION OF EUR 200-250
MILLION FOR 2020

Source text for Eikon:  ID:nIKAbm1yr7   urn:newsml:reuters.com:*:nIKA7zVFqr
Further company coverage:  ARCLK.IS 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))
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