Arcelik A S Unsp/Adr (ACKAY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. I'm Konstantinos, your course call operator. Welcome and thank you for joining the Archelik conference call and live webcast to present and discuss the second quarter 2026 financial results. At this time, I would like to turn the conference over to Mr. Baris Alparslan, Chief Financial Officer, Ms. Minešule Jasgan, Finance and ERM Executive Director, Mr. Burak Simček, IR and Capital Market Compliance Senior Lead, and Ms. Seçkin Aymak, IR and Capital Market Compliance, late. Mr. Alparslan, you may now proceed. Thank you. Good morning and good afternoon, ladies and gentlemen. Welcome to our second quarter 2026 financial results webcast. This presentation contains the company's financial information prepared according to TFRS by the application of IS29 inflation accounting provisions. Here are the highlights of the second quarter of 2026. We generated 141.3 billion TL in revenues, reflecting an 11.9% real year-on-year decline amid challenging demand conditions across most of our key markets. Nevertheless, our disciplined focus on controllable factors continued to support operational resilience and deliver tangible results. Gross margin improved by 0.94 percentage points year-on-year to 29.3%, supported by procurement savings and material improvement projects. Net income returned to positive territory with net margin improving by 4.4 percentage points year-on-year and 3.7 percentage points quarter-on-quarter. This improvement was supported by a stronger below-the-line performance owing to positive contribution from the recognition of certain obligations associated with Whirlpool transactions. Ongoing footprint optimization efforts continued while strategic decisions were disclosed regarding the Hitachi and Whirlpool joint v...