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

AGA Rangemaster Grows Profits Despite Stagnant Market
May 14, 2013
 Printable format
 Email this Article
 Search

AGA Rangemaster Group PLC, based in the UK, reported revenue from continuing operations of #244.6 million, down 2.5% from #250.9 million in 2011. Operating profit in 2012 was #6.5 million, up 6.6% from #6.1 million in 2011.

Positive signs in 2012 included encouraging sales of AGA cookers, Fired Earth tiles, and North American sales of Marvel refrigerators.

"2012 was a year which required the most determined efforts to achieve profit growth," noted William McGrath, Chief Executive, upon release of 2012 results. "While a market upturn in the near future is unlikely our prospects are good. We have heritage brands with contemporary relevance which creates tremendous opportunities in both established and new markets for us. With major marketing initiatives imminent we expect to see greater impetus in the coming months."

In North America, the group saw a modest pickup in volumes for undercounter refrigerators. The group considers this a noteworthy achievement in light of losing a major OEM account.

The group saw "quite a significant change in underlying sentiment" in the premium appliance market in North America, and expects volume growth is in the near future.

Back to Daily News

 

Daily News

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

Aug 21, 2014: Miele Annual Sales Up 2.2%

Aug 21, 2014: TTI Reports Record Sales

Aug 21, 2014: Stihl Annual Cycling Event Raises $539,000 So Far in 2014

Aug 21, 2014: Canadian Housing Starts Expected to Edge Down

Aug 21, 2014: Panasonic Releases 2014 Sustainability Report

More Daily News>>

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

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

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 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