Arcelik AS traded at 123.90 this Monday February 23rd, increasing 3.40 or 2.82 percent since the previous trading session. Looking back, over the last four weeks, Arcelik AS gained 8.21 percent. Over the last 12 months, its price fell by 0.40 percent. Looking ahead, we forecast Arcelik AS to be priced at 115.48 by the end of this quarter and at 101.62 in one year, according to Trading Economics global macro models projections and analysts expectations.
Arcelik AS is a Turkey-based company, which is engaged in the production, sales and marketing, customer services after sales, exportation and importation of consumer durable goods and consumer electronics. The Group operates more than 17 manufacturing plants in Turkey, Romania, Russia, China, Republic of South Africa, Thailand and Pakistan. It operates under the following business segments: White Goods, Consumer Electronics and Other. The White Goods segment comprises washing machines, dryers, dish washers, refrigerators, ovens, cookers and the services provided for these products. The Consumer Goods segment comprises televisions primarily with flat screens, computers, cash registers, other electronic devices and the services provided to consumers for these products. The Other segment comprises the revenues from air conditioners, home appliances and furniture and kitchen gadgets except products included in White Goods and Consumer Electronics.