Arcelik A S Unsp/Adr (ACKAY) Q3 2025 Earnings Call

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WEBVTT 00:00:00.191 -- 00:00:02.394 Ladies and gentlemen, thank you for standing by. 00:00:02.394 -- 00:00:04.737 I'm Konstantinos, your Chorus Call Operator. 00:00:04.737 -- 00:00:08.442 Welcome and thank you for joining the Archivik conference call and live webcast to present 00:00:08.442 -- 00:00:12.298 and discuss the Third Quarter 2025 financial results. 00:00:12.298 -- 00:00:15.239 At this time, I would like to turn the conference over to Mr. 00:00:15.239 -- 00:00:18.200 Baris Alparslan, Chief Financial Officer, Mr. 00:00:18.200 -- 00:00:22.402 Minesh Ule Yazgan, Finance and ERM Executive Director, Mr. 00:00:22.402 -- 00:00:25.643 Delal Alvar, Capital Market Compliance Senior Lead, and Mr. 00:00:25.643 -- 00:00:28.904 Sezer Erkan, Investor Relations Senior Lead. 00:00:28.904 -- 00:00:32.245 Mr. Alparslan, you may now proceed. 00:00:32.245 -- 00:00:36.107 Thank you very much. Good morning and good afternoon, ladies and gentlemen. 00:00:36.107 -- 00:00:40.402 Welcome to our Third Quarter 2025 Financial Exams webcast. 00:00:40.402 -- 00:00:44.264 This presentation contains the company's financial information prepared according to 00:00:44.264 -- 00:00:49.425 TFRS by application of IS-29 inflation accounting provisions. 00:00:49.746 -- 00:00:52.428 Let's start with the highlights of the first quarter. 00:00:52.428 -- 00:00:58.250 We generated 124.4 billion TL revenues with a gross margin of 29.1% 00:00:58.250 -- 00:01:03.333 in the third quarter, inflecting an 11.4% decline in serve year-on-year in real 00:01:03.333 -- 00:01:08.429 terms. Namely due to weak international demand, the performance in Europe, unfavorable 00:01:08.429 -- 00:01:11.330 product mix and pricing in the domestic market. 00:01:11.330 -- 00:01:15.351 In Turkey, modest demand was supported by th...