Fisher & Paykel Appliances Holdings Ltd. revised its full-year earnings guidance for its Appliances’ business as a result of deteriorating trading. F&P said November results were below expectations, although this did include a number of unfavorable one-off items. Market conditions have also hurt Appliances’ third party component and technology sales.
The F&P board said that, if the November trend continues, Appliances’ full year earnings before interest and taxation will be between $15 million and $25 million.
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