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 2012 Profits Up 6%
Feb 14, 2013
 Printable format
 Email this Article
 Search

Italian appliance OEM Indesit Company reported higher revenues and increase market share, despite the market slowdown in the company's primary markets in Western Europe and Eastern Europe.

Indesit had 2012 revenues of EUR 2,886.0 million, up 2.1% from EUR 2,825.3 million in 2011.

Earnings before interest and taxes (EBIT) was EUR 133 million, down from 2011's EUR 150 million. Net profits for the year were EUR 62 million, up 6% from 20111's EUR 59 million.

Successful new products helped Indesit improve its estimated market share, to 13%. It saw especially good results in the UK and in Eastern Europe. The company also saw a 9.3% increase in revenues from service businesses.

"Our sales performance and margins are positive, so we should be very satisfied given the market scenario," said Indesit Chairman Andrea Merloni. "These results show that the company is working well and is solid and efficient."

"This year our objective was to increase our market share whilst defending the company's profitability and financial solidity. We managed this," said Indesit CEO Marco Milani. "We have started out in a good position on this 2013, which we don't expect to be much better than last year."

The company showed 1.6% growth in revenues from finished products, which reflected favorable trend in exchange rates (2.4%) and higher sales volumes (1.8%). These were partially offset by a negative price/mix (2.6%).

Back to Daily News

 

Daily News

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

Apr 22, 2014: Appliance Category Industrial Output Up 2% in March

Apr 21, 2014: Final Commercial Refrigeration Rule Published

Apr 21, 2014: Elam Offers Android-Enabled Kitchen Interface

Apr 21, 2014: LG Door-in-Door Refrigerator Called One of Year's Most Innovative Products

Apr 21, 2014: U.S. Cutting Tool Consumption Down 1.2% in February

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