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

Fisher & Paykel Warns of Profit Loss
Feb 17, 2009
 Printable format
 Email this Article
 Search

In an updated trading update, Fisher & Paykel Appliances said it expects net profit could fall by as much as 54% as trading conditions have been unprecedented and difficult in all markets. "Slow Christmas sales and factors such as competition have impacted on margins and led to a reduction in revenue," it said.

Net profit after tax is projected at US$25 million to $30 million for the current 2008/09 financial year. That compares with a net profit of $52.2 million for the year to March 2008.

Sales for the nine months to January are down 13.1% in New Zealand, 8.5% in Australia, 12.9% in the United States, and 19% in Europe.

The company says relocating its manufacturing facilities to Thailand, Mexico, and Italy is expected to be completed on time and full production from all offshore facilities is likely to be on stream by the second half of this year. It expects that to deliver significantly lower manufacturing costs than in the past and offer extra capacity capability without significant extra cost.

Back to Daily News

 

Daily News

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

Nov 21, 2014: Electrolux: new U.S. fridge efficiency requirements are more complex than anticipated

Nov 21, 2014: Whirlpool brand launches Perceptions of Care video

Nov 21, 2014: Hon Hai 3Q profit $1 billion

Nov 21, 2014: Environmental Product Declarations for aluminum product types released

Nov 20, 2014: Report: Drop in affluents' consumer confidence may foretell signal trouble ahead for some retailers

More Daily News>>

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

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

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
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 | Plastics Today | Powder Bulk Solids | Canon Trade Shows