#None #Beko #Loan #SACE

Beko Secures Significant Funding to Power Future Growth

Beko, a globally recognized leader in white goods manufacturing, has successfully finalized a substantial loan agreement of €125 million with SACE, the Italian export credit agency. This ten-year loan is a key element of Beko's push strategy, which aims to strengthen its financial stability and streamline strategic growth initiatives.

The formal signing ceremony took place in Rome, where key figures such as Fatih Kemal Ebiçlioğlu, President of Koç Holding's Consumer Durables Group, Barış Alparslan, Beko's Chief Financial Officer, and Alessandra Ricci, CEO of SACE, came together to mark this important milestone. Their collective presence underscored a shared vision of promoting both economic cooperation and long-term investment in the European supply chain.

Strategic Growth and Collaboration

With this new funding, Beko is better positioned to enhance its capital structure, increasing the flexibility needed for operational expansions and sustainable development. The financial backing is not just about increasing liquidity; it represents a tangible opportunity for future procurement from Italian suppliers, which reinforces the European supply chain. The loan will empower Beko to pursue new commercial opportunities in collaboration with Italian partners, aligning with SACE's mission to support relationships between strategic foreign buyers and Italy’s productive sectors.

Fatih Kemal Ebiçlioğlu emphasized the significance of this financial arrangement: "This agreement fundamentally supports our long-term strategy by fostering opportunities for collaboration with Italian businesses. Our dedication to sustainable and responsible operational growth remains robust."

CFO Barış Alparslan echoed this sentiment, stating that the agreement provides crucial financial flexibility reflecting the trust in Beko’s long-term strategy from leading global institutions.

SACE's Role in Economic Growth

SACE operates under the aegis of the Italian Ministry of Economy and Finance and specializes in fostering the growth of Italian enterprises through innovative solutions that vary from financial guarantees to advisory services. Their commitment to economic support is evident through their network of offices in Italy and worldwide, enhancing the outreach for Made in Italy products.

Alessandra Ricci, the CEO of SACE, expressed optimism about the partnership, noting the potential for Beko to drive innovation and facilitate access to new market opportunities, emphasizing, "This financing operation serves as a practical example of SACE’s efforts to bolster the Italian production system in the intricate landscape of global markets."

Beko’s International Presence

Beko operates on a global scale, with subsidiaries in over 55 nations and a dedicated workforce exceeding 50,000 employees. The company has earned a reputation as Europe's leading white goods manufacturer, boasting a consolidated turnover of €10.6 billion in 2024. It’s noteworthy that Beko has 22 unique brands under its portfolio and holds over 3,500 international patents, showcasing its commitment to innovation and product development.

Beko has also been recognized consistently for its environmental and corporate sustainability efforts, achieving top ratings in various assessments and appearing in the Dow Jones Sustainability Indices repeatedly. The company's motto, 'Respecting the World, Respected Worldwide,' encapsulates its business philosophy, which emphasizes responsibility towards global sustainability.

As Beko embarks on this new chapter of growth fueled by strategic financial backing, the collaboration with SACE is anticipated to yield significant benefits. The partnership represents a solid step forward in fostering economic ties and promoting innovation within the European supply chain.

In conclusion, Beko's significant loan acquisition from SACE not only demonstrates fiscal strength but also reinforces the company’s commitment to building sustainable and fruitful partnerships within the industry, heralding a promising future for both Beko and its Italian collaborators.