Arcelik A S Unsp/Adr (ACKAY) Q1 2026 Earnings Call

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WEBVTT 00:00:00.051 -- 00:00:02.492 Ladies and gentlemen, thank you for standing by. 00:00:02.492 -- 00:00:06.915 I'm Polina, your course call operator. Welcome and thank you for joining the Archelik 00:00:06.915 -- 00:00:12.358 conference call and live webcast to present and discuss the first quarter 2026 00:00:12.358 -- 00:00:17.381 financial results. At this time, I would like to turn the conference over to Mr. 00:00:17.381 -- 00:00:21.503 Baris Alparslan, Chief Finance Officer, 00:00:21.503 -- 00:00:26.526 Mrs. Ninez Hule Yazgan, Finance and ERM Executive 00:00:26.526 -- 00:00:31.944 Director, Mr. Sezer Ercan, Investor Relations Senior Lead, 00:00:31.944 -- 00:00:33.645 and Mr. 00:00:33.645 -- 00:00:37.946 Sakin Aymak, IR, Capital Market Compliance Lead. 00:00:37.946 -- 00:00:41.608 Mr. Alparslan, you may now proceed. 00:00:41.608 -- 00:00:45.169 Thank you very much. Good morning and good afternoon, ladies and gentlemen. 00:00:45.169 -- 00:00:49.690 Welcome to our first quarter 2026 financial results webcast. 00:00:49.690 -- 00:00:53.692 This presentation contains the company's financial information prepared according to 00:00:53.692 -- 00:00:58.973 TFRS by application of IAS 29 inflation accounting provisions. 00:00:59.741 -- 00:01:03.162 Here are the highlights of the first quarter of 2026. 00:01:03.162 -- 00:01:08.483 We generated 130.3 billion Turkish Lira in revenues, reflecting 8.8% real 00:01:08.483 -- 00:01:13.224 year-on-year decline. Despite suffered top-line performance, we delivered a meaningful 00:01:13.224 -- 00:01:17.165 improvement in profitability through disciplined execution and proactive procurement 00:01:17.165 -- 00:01:22.446 actions that protected our raw material cost base, resulting in a 1.1 percentage point 00:01:22.446 -- 00:01:27.307 y...