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ARCLK - Arcelik AS News Story

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Last Trade - 07/05/21

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

Turkish home appliance sales expected to shrink 15% in 2019 -association

Tue 23rd July, 2019 8:50am
ISTANBUL, July 23 (Reuters) - Turkey's home appliance sales
are expected to fall 15% in 2019, head of the TURKBESD home
appliances association said on Tuesday, adding that domestic
sales in six main product groups had dropped 9% in the first six
months of the year.
    Speaking at a news conference, Can Dincer said that costs in
the sector had risen 45-50% due to high exchange rates compared
to last year and that companies were in a difficult position
because they could not reflect the prices in the domestic
market.

 (Reporting by Ceyda Caglayan
Writing by Ali Kucukgocmen)
 ((ali.kucukgocmen@thomsonreuters.com , @alikucukgocmen;
+902123507067; Reuters Messaging: Reuters Messaging:
ali.kucukgocmen.thomsonreuters.com@reuters.net))
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