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

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WEBVTT 00:00:00.111 -- 00:00:02.513 Ladies and gentlemen, thank you for standing by. 00:00:02.513 -- 00:00:05.156 I'm Konstantinos, your course call operator. 00:00:05.156 -- 00:00:08.879 Welcome and thank you for joining the Archelik conference call and live webcast to present 00:00:08.879 -- 00:00:12.562 and discuss the second quarter 2026 financial results. 00:00:12.562 -- 00:00:15.325 At this time, I would like to turn the conference over to Mr. 00:00:15.325 -- 00:00:18.408 Baris Alparslan, Chief Financial Officer, Ms. 00:00:18.408 -- 00:00:22.611 Minešule Jasgan, Finance and ERM Executive Director, Mr. 00:00:22.611 -- 00:00:27.695 Burak Simček, IR and Capital Market Compliance Senior Lead, and Ms. 00:00:27.695 -- 00:00:31.718 Seçkin Aymak, IR and Capital Market Compliance, late. 00:00:31.718 -- 00:00:34.959 Mr. Alparslan, you may now proceed. 00:00:35.181 -- 00:00:38.243 Thank you. Good morning and good afternoon, ladies and gentlemen. 00:00:38.243 -- 00:00:42.567 Welcome to our second quarter 2026 financial results webcast. 00:00:42.567 -- 00:00:46.670 This presentation contains the company's financial information prepared according to 00:00:46.670 -- 00:00:52.413 TFRS by the application of IS29 inflation accounting provisions. 00:00:53.015 -- 00:00:56.673 Here are the highlights of the second quarter of 2026. 00:00:56.673 -- 00:01:01.876 We generated 141.3 billion TL in revenues, reflecting an 00:01:01.876 -- 00:01:06.899 11.9% real year-on-year decline amid challenging demand conditions across most of 00:01:06.899 -- 00:01:11.981 our key markets. Nevertheless, our disciplined focus on controllable factors continued 00:01:11.981 -- 00:01:15.543 to support operational resilience and deliver tangible results. 00:01:15.543 -- 00:01:21.246 Gross margin improved by...