Arctic Gaesti, a producer of home appliances and part of the Turkish group Arcelik, posted sales revenues of €213m for 2008, down 5% on the 2007 figure. The figure was largely influenced by the decline in sales over the last two months of the year, a consequence of the economic crisis.
According to company representatives, in the last two months of 2008 the value of market decreased by 20%, after banks tightened lending policies.
In 2008 Arctic Gaesti’s sales volume decreased by 1%, in comparison with the previous year and fell to just over 1.5 million units, most of which were fridges. The company sold about 730,000 units on the domestic market with the remaining 790,000 sold on foreign markets. Company representatives highlight the good performance of the Beko brand – its market share in Romania grew from 2.8% to 4.7% last year.
internet service providing market news and sector articles
Covering Central and Eastern Europe, Central Europe Retail Online is PMR’s news service for the latest retail-related events in the region. With articles about the Czech Republic, Hungary, Poland, Romania and Slovakia, the scope of this service is unmatched. Approximately 150 updates each month and an archive from 2004 drive the content. Custom newsletters can be sent to subscribers e-mail accounts, with e-mail alerts on the latest developments. Data sheets for each country are available for quick reference.
Subscription 1 year
Language: English
Delivery: online access
Central Europe Retail Update is an English language weekly newsletter which contains the most reliable and up-to-date overview of the news from the retail industry in Romania, Czech Republic, Hungary, Poland and Slovakia, supplied and verified by market analysts from the respective countries. The newsletter is delivered by e-mail in PDF format.
Date: Periodic publication
Language: English
Delivery: PDF file
PMRis a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.
PMR Online Access
Browse and search in our archive »
Subscribe to PMR RSS NEWS channels » 
