Arçelik

What does Arçelik own?
Arçelik operates 22 consumer brands including Beko, Arçelik, Grundig, Indesit, Hotpoint, Arctic, Defy, Dawlance, Blomberg, Altus, Leisure, Bauknecht, Flavel, Voltas Beko, and others. The company operates 45 production facilities in 13 countries and 121 subsidiaries in 57 countries. Since April 2024, all global operations operate under the corporate brand Beko, while the legal entity remains Arçelik A.S.

Is Arçelik publicly traded?
Yes, Arçelik is publicly traded on Borsa Istanbul under the ticker symbol ARCLK. Koç Holding is the controlling shareholder. The company did not distribute a dividend for FY2025 due to the consolidated net loss.

Who founded Arçelik?
Vehbi Koç founded Arçelik in 1955 as part of Koç Group, with operations beginning in 1957. The company was established to meet Turkey's growing demand for modern home appliances and has grown into Europe's largest white goods manufacturer.

Where is Arçelik headquartered?
Arçelik is headquartered in Istanbul, Turkey, with manufacturing operations across 13 countries including Turkey, UK, Italy, Romania, Slovakia, Poland, South Africa, Russia, Pakistan, India, Bangladesh, Thailand, and China.

How many brands does Arçelik own?
Arçelik operates 22 consumer brands owned or used with limited license. The major brands include Beko, Arçelik, Grundig, Indesit, Hotpoint, Defy, Dawlance, Arctic, Blomberg, and Altus.

Who owns Arçelik?
Koç Holding, Turkey's largest conglomerate, is the controlling shareholder. The company is publicly traded on Borsa Istanbul with shares held by institutional investors, mutual funds, and individual shareholders. Arçelik operates as the consumer durables sector of Koç Holding.

What is Arçelik's revenue?
Arçelik reported FY2025 consolidated revenue of TRY 523.9 billion, down 6.6% in real terms year on year. The company reported a consolidated net loss of TRY 9.8 billion. In euro terms, revenue showed 0.4% growth for the full year.

What is the Beko corporate brand?
In April 2024, Arçelik announced that all global operations would operate under the corporate brand name Beko. This change applies to the corporate names of foreign subsidiaries but does not affect the 22 consumer brands. The legal entity name remains Arçelik A.S., and Turkish operations continue through Arçelik Pazarlama A.S.

Vehbi Koç founded Arçelik in 1955 as part of Koç Group's expansion into industrial manufacturing. Operations began in 1957 with the production of refrigerators and washing machines to meet Turkey's growing demand for modern home appliances. The company's early focus was providing quality, affordable appliances for Turkish households during the country's economic development.

Throughout the 1960s and 1970s, Arçelik expanded its product range and manufacturing capabilities, establishing itself as Turkey's leading appliance manufacturer. The company introduced products tailored to Turkish consumer preferences while maintaining international quality standards.

The 1980s and 1990s saw Arçelik begin international expansion, first exporting to neighboring countries and then establishing manufacturing facilities abroad. Global expansion accelerated in the 2000s with acquisitions including Grundig (2004), Blomberg (2002), and Defy (2012). The acquisition of Indesit Company in 2015, completed jointly with Whirlpool, added Indesit and Hotpoint brands to the portfolio and significantly expanded Arçelik's European manufacturing footprint.

In 2016, Arçelik acquired Dawlance, Pakistan's largest refrigerator manufacturer, for approximately $258 million. The company also acquired Voltas Beko as a joint venture in India and established manufacturing operations in Bangladesh.

In April 2024, Arçelik announced the rebranding of all global operations under the corporate brand Beko. This transformation changed the corporate names of foreign subsidiaries to include the Beko brand while preserving all 22 consumer brands. The legal entity Arçelik A.S. and Turkish subsidiary Arçelik Pazarlama A.S. continue under their existing names.

In 2025, Arçelik closed its Siena factory in Italy as part of restructuring efforts. The company reported FY2025 consolidated revenue of TRY 523.9 billion, down 6.6% in real terms year on year, with a consolidated net loss of TRY 9.8 billion. Despite the net loss, free cash flow improved dramatically from negative TRY 11.4 billion in 2024 to positive TRY 5.7 billion in 2025.

Arçelik has established itself as a sustainability leader in the household durables industry. The company was named one of TIME Magazine's World's Most Sustainable Companies in 2025 for the second consecutive year, earning a place in the Top 20 and securing the #1 position in the household durables industry.

Arçelik achieved the highest ESG score in the DHP Household Durables Industry in the S&P Global Corporate Sustainability Assessment, maintaining this position for five consecutive years. The company has held a constant AAA rating on the Borsa Istanbul Sustainability Index since 2016, with an AA rating achieved in 2015.

Science-based targets and climate action include comprehensive carbon reduction initiatives, renewable energy adoption, and energy efficiency improvements across manufacturing operations. The company is a supporter of the Task Force on Climate-related Financial Disclosures (TCFD).

Circular economy initiatives focus on product lifecycle management, recycling programs, and waste reduction across the value chain. The company implements circular design principles in product development and manufacturing processes.

Supply chain responsibility extends to ethical sourcing practices, supplier relationship management, and human rights impact assessments across global operations. The company works with suppliers to improve environmental and social performance.

• TIME Magazine World's Most Sustainable Companies 2025: Top 20, #1 in Household Durables, second consecutive year
• S&P Global Corporate Sustainability Assessment: Highest ESG score in DHP Household Durables Industry for five consecutive years
• Dow Jones Sustainability Index: Included with highest score in household durables
• Borsa Istanbul Sustainability Index: Constant AAA rating since 2016
• TCFD Supporter: Recognition for climate-related financial disclosures
• R&D and Innovation: 31 R&D centers with 3,500+ registered patent applications

Turkish economic volatility has created significant operational challenges. Arçelik reported a FY2025 consolidated net loss of TRY 9.8 billion, driven by high financial expenses, tax effects, and inflation accounting impacts under TAS 29. The company did not distribute a dividend for FY2025. Currency volatility, inflation, and broader economic uncertainty in Turkey have affected financial performance.

Intense competition in Europe from Chinese manufacturers has pressured market share and pricing. The company's European revenue declined in 2025 due to weak demand and heightened price competition. Arçelik has responded with restructuring, including the closure of the Siena factory in Italy at end of 2025.

Geopolitical tensions and supply chain disruptions have affected international operations, particularly regarding Turkey's relationships with major trading partners and regional conflicts. The company has faced difficulties maintaining stable supply chains amid political uncertainty.

Labor relations and workforce management have drawn attention regarding working conditions and union relationships in the Turkish manufacturing sector. The company has implemented workplace improvement programs but continues to face scrutiny from labor organizations.

Environmental compliance at manufacturing facilities has attracted attention from regulators, particularly related to waste management and emissions standards at some international operations.