Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Indesit: 2006 Builds on 2005 Turnaround
Nov 1, 2006
 Printable format
 Email this Article
 Search

Indesit Company said third quarter 2006 sales were 871 million euros (approx. U.S. $1,112 billion), up 5 percent on third-quarter 2005 sales. Indesit also reported net profits: 23 million euros (approx. U.S. $29 million), up 127 percent on 2005.

“Today’s results follow on from a series of positive quarterly results,” commented chairman Vittorio Merloni. “This gives us even more confidence about the challenges facing us in the international competitive arena”.

“We are on track with the 3-year plan announced last October, which remains our point of reference,” said Indesit Company CEO Marco Milani. “In all the regions where the group operates we’ve seen increased sales and market share. In terms of profitability, there was excellent performance in the UK. In short, 2006 has built on the turnaround we achieved in the second half of 2005”.

Helping achieve the 2006 results were:

  • streamlining and internationalization of the new management structure
  • tight control of general expenses
  • improved production efficiency
  • successful new product launches

    Indesit Company broke ground on two new laundry appliance plants in Poland, with production is scheduled to start up in the first half of 2008.

    Back to Daily News

  •  

    Daily News

    ...........................................................

    Apr 23, 2014: Bosch Home Appliances Garners EPA Energy Star Partner of the Year - Sustained Excellence Award

    Apr 23, 2014: AO Smith Develops Ultra-Low NOx, Compact Commercial Water Heater for California

    Apr 23, 2014: Dacor Launches First North American Cooktop with Touch Control

    Apr 23, 2014: Existing-Home Sales Show Slight March Decrease

    Apr 23, 2014: CEA: Consumer Sentiment Down in April

    More Daily News>>

    RSS Feeds
    .........................................................
    Appliance Industry
    Market Research

    ...........................................................

    March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
    February 2014: Appliance Magazine Market Insight: December 2013
    January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
    January 2014: Appliance Magazine Market Insight: November 2013




     
    Contact Us | About Us | Subscriptions | Advertising | Home
    UBM Canon © 2014  

    Please visit these other UBM Canon sites

    UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows