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 Reports Profit Loss
Feb 13, 2009
 Printable format
 Email this Article
 Search

European appliance maker Indesit said net profit fell 47% last year. Revenues were also lower on a consumer slowdown and unfavorable exchange rates. It also said that the coming year will continue to be difficult, and that its board would not propose a dividend.

Net profit was €55.5 million (approx US$71.75 million). Operating profit fell 26.9% to €140.6 million, but rose 18.5% at constant exchange rates. Turnover fell 7.4% to €3.155 billion, a 3.2% fall at constant exchange rates.

"2009 is going to be a difficult year: the negative factors that characterized 2008 will persist," said Marco Milani, CEO. "In this context, the company’s top priority will be maintaining its financial solidity and leadership positions across Greater Europe. Further, 2009 will see the most impressive program of new product launches in the company’s history."

Back to Daily News

 

Daily News

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

Aug 14, 2014: Electrolux In Talks to Acquire GE Appliances

Aug 14, 2014: June U.S. Cutting Tool Consumption Strongest of 2014

Aug 13, 2014: Manufacturing Technology Orders Up in June

Aug 13, 2014: Toshiba Appliance/Electronics Segment reports Higher 1Q Sales

Aug 12, 2014: Fagor Operations in Spain to Restart Under New Owner CNA

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