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

Merloni Reports Positive Q3 Results
Oct 27, 2004
 Printable format
 Email this Article
 Search

European appliance maker Merloni Elettrodomestici announced that it expects to close 2004 with a substantial increase in sales volumes and market shares and with profit margins in line with expectations.

“In spite of the uncertain macro-economic scenario, Merloni is expecting to close the year with positive results in line with expectations,” said Vittorio Merloni. “Returns on the industrial investments we've made in Russia and Poland this year enable us to look optimistically at the coming months.”

The company announced that sales for the third quarter ended Sept. 30, 2004 increased 6.5 percent from 803 million euro (approx. U.S. $1 billion) in 2003 to 856 million euros (approx. $1.1 billion). Gross operating margin for the third quarter was reported at 108 million euros (approx. $138 million), up from 105 million euros (approx. $134 million) in 2003.

Merloni reported that sales for the first 9 months of 2004 were 2.3 billion euros (approx. $2.9 billion), a 6.7-percent increase from 2.2 billion euros (approx. $2.8 billion) in the same period of 2003.

In the third quarter, the company increased its market share in Europe by 0.3 percent compared to the 2003, reaching 15.8 percent. Merloni said it also continued to pursue its policy of consolidating in Western Europe and developing higher potential growth markets such as Russia and Poland, where it said it is achieving a balance between local production and demand.

Back to Daily News

 

Daily News

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

Dec 22, 2014: DOE's Building Technologies Office releases Roadmap for Emerging HVAC Technologies

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

More Daily News>>

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

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

November 2014: Appliance Magazine Market Insight Annual Subscriptions
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




 
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