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ARCLK - Arcelik AS News Story

TRY32.8 0.0  0.0%

Last Trade - 07/05/21

Consumer Cyclicals
Mid Cap
Market Cap £1.93bn
Enterprise Value £2.73bn
Revenue £4.01bn
Position in Universe 21st / 645

BUZZ-Arcelik: Set for worst day since 2003 after weak Q2, outlook cut

Tue 30th July, 2019 9:26am
** Shares in Turkish home appliance maker Arcelik  ARCLK.IS 
are down 11.2% after the company reports weaker-than-expected
net profit and cuts its FY guidance*:nFWN24U0WK
    ** Arcelik posts Q2 net profit of 219.1 mln lira ($39.32
mln), below market expectations (240.0 mln lira), Ziraat Yatirim
    ** The company also revises its 2019 EBITDA margin forecast
down to 10.5% from 11.5%
    ** Shares are at the bottom of Turkish blue chip index
 .XU100  and set for the worst day since March 2003 

($1 = 5.5725 liras)

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