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What is Arçelik 2020 Q4 Financial Highlights about?

Arçelik reported strong financial results for Q4 2020, with 59% revenue growth and record high margins. Key highlights included sustained high demand, historically low working capital ratios, strong free cash flow generation, and a net leverage ratio of 1.0x, providing financial flexibility. Arçelik also announced a strategic partnership with Hitachi to increase its footprint in Asia through a 60% acquisition of Hitachi

Author

Onur Yamuk

Language

EN