United States

Arcelik AS (ARCLK.IS)

ARCLK.IS on Istanbul Stock Exchange

11:08am EDT
Change (% chg)

-0.12TL (-0.53%)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Latest Key Developments (Source: Significant Developments)

Arcelik proposes 0.535 lira/shr dividend for FY 2016
Tuesday, 21 Feb 2017 01:12am EST 

Arcelik AS : Said on Monday that proposes gross 0.63 lira ($0.1735) net 0.535 lira per share dividend for FY 2016 .To pay dividend on April 5.  Full Article

Arcelik expects 2017 revenue growth over 20 pct in Turkish Lira
Monday, 6 Feb 2017 10:24am EST 

Arcelik AS : Sees 2017 revenue growth over 20 percent in Turkish Lira . Sees 2017 EBITDA margin around 11 percent . Sees white goods market volume growth in Turkey at 3 percent and 2 percent international markets .Sees long term EBITDA margin at around 11 percent.  Full Article

Arcelik 2016 net profit rises to 1.30 billion lira
Monday, 6 Feb 2017 10:12am EST 

Arcelik AS : FY 2016 net profit of 1.30 billion lira ($353.33 million) versus 891.1 million lira year ago .FY 2016 revenue of 16.10 billion lira versus 14.2 billion lira year ago.  Full Article

Arcelik to demerge domestic operations except R&D and production into Arcelik Pazarlama
Wednesday, 12 Oct 2016 03:17am EDT 

Arcelik AS : Said on Tuesday that decided to carry out company's domestic operations other than R&D and production activities through a separate legal entity by partial demerger . To transfer all assets and liabilities of dealer management, advertising and sponsorship activities, inventory and stock management, logistics management, guarantee service management, installation and service activities in the balance sheet without compromising the integrity of the business into Arçelik Pazarlama . To have 100 percent ownership in Arçelik Pazarlama .Partial demerger operations to be performed on the basis of company's financial statements dated 30.06.2016.  Full Article

Arcelik unit Arctic applies for incentive certificate for a factory investment
Wednesday, 3 Aug 2016 11:03am EDT 

Arcelik AS : Unit based in Romania Arctic applies to authorities to receive incentive certificate for 105.8 million euros facility investment . Unit sees to receive 36.1 million euros cash incentive for the 105.8 million euros facility investment which has a production capacity of 2 million washing machines .Depending on the receipt of the incentive the investment project is planned to be started on January 2017 and finalised on September 2019.  Full Article

S&P affirms Arcelik's rating at BB+, outlook stable
Monday, 1 Aug 2016 09:49am EDT 

Arcelik AS :S&P affirms Arcelik's credit note at BB+, outlook stable.  Full Article

Arcelik expects 2016 EBITDA margin at c.11 pct
Monday, 1 Aug 2016 01:41am EDT 

Arcelik A.S. : Said on Friday that company expects more than 13 percent growth in 2016 revenue on Turkish Lira basis .Expects 2016 EBITDA margin at circa 11 percent.  Full Article

Arcelik Q2 net profit up 100 pct to 652.0 million lira
Friday, 29 Jul 2016 10:58am EDT 

Arcelik A.S. : Q2 revenue 3.96 billion lira ($1.32 billion) versus 3.35 billion lira year ago .Q2 net profit 652.0 million lira versus 326.3 million lira year ago.  Full Article

Arcelik says agrees to acquire Dawlance for $258 mln
Thursday, 30 Jun 2016 02:05pm EDT 

Arcelik As :Arcelik AS says it has signed an agreement to acquire Dawlance for $258 mln.  Full Article

Arcelik AS gives mixed FY 2016 guidance
Tuesday, 2 Feb 2016 12:23pm EST 

Arcelik AS:Sees FY 2016 EBITDA margin at circa 11%.Sees FY 2016 revenue growth more than 10% in Turkish Lira currency.FY 2016 revenue growth rate of 12.6 percent and EBITDA margin 10.7 percent- Thomson Reuters I/B/E/S Estimates.  Full Article

More From Around the Web


Turkey's Arcelik working on deals to expand abroad

LONDON Arcelik , the home appliances arm of Turkey's biggest industrial conglomerate Koc Holding , is working on acquisitions to speed up its international expansion, particularly in Asia, its chief executive said on Monday.