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Husqvarna Q3 operating profit lags forecast​

7:12am BST

Oct 20 (Reuters) - Husqvarna AB :Q3 ‍net sales increased to SEK 7,449m (7,349), corresponding to a currency adjusted* growth of 4%.​.Q3 ‍operating income amounted to SEK 433m (431), including a restructuring charge of around SEK -50m.​.Reuters poll: Husqvarna Q3 EBIT was seen at 454 million SEK, adjusted EBIT at 508 million, sales at 7,622 million.Says "We continue to invest in strategic growth initiatives to further strengthen our position in areas that will be vital for growth going forward, but which impacts the margin more negatively during the second half-year due to its lower sales.Q3 sales in Consumer Brands division declined by 5 pct currency adjusted and the seasonal operating loss amounted to SEK -94 mln (-80) vs 81 mln loss seen in Reuters poll .

Husqvarna says sales to be hit as cuts business with U.S. customer

Monday, 16 Oct 2017

Oct 16 (Reuters) - Husqvarna AB :Husqvarna group scales back business with large U.S. retail customer.Says ‍division has started to adjust capacity and other measures to mitigate short-term negative financial effects​.Says ‍because of reduced volume, consumer brands division's net sales for 2018 is expected to decline by some SEK 1 bn compared to 2017​.Says ‍this will delay operating income improvement trajectory.​.Says ‍group's financial target of an operating margin of at least 10 pct for coming years remains unchanged​.

Elica Q4 group share net result turns to loss of EUR 6.5 mln

Monday, 13 Feb 2017

Elica SpA : Q4 revenue 118.3 million euros ($125.74 million)versus 113.3 million euros a year ago . Q4 net loss 6.9 million euros versus profit 3.7 million euros a year ago . Q4 group share net loss 6.5 million euros versus profit 2.8 million euros a year ago . Q4 EBITDA was impacted by non-ordinary charges of 2.5 million euros .Non-ordinary charges concern the disposal of obsolete stock and the restructuring charges under the plan implemented at a German unit.

Arcelik to demerge domestic operations except R&D and production into Arcelik Pazarlama

Wednesday, 12 Oct 2016

Arcelik AS : Said on Tuesday that decided to carry out company's domestic operations other than R&D and production activities through a separate legal entity by partial demerger . To transfer all assets and liabilities of dealer management, advertising and sponsorship activities, inventory and stock management, logistics management, guarantee service management, installation and service activities in the balance sheet without compromising the integrity of the business into Arçelik Pazarlama . To have 100 percent ownership in Arçelik Pazarlama .Partial demerger operations to be performed on the basis of company's financial statements dated 30.06.2016.

COWAY to divest water environment business into new subsidiary

Thursday, 10 Dec 2015

COWAY CO.,LTD:To divest its water environment business into a new wholly owned subsidiary, namely Coway Entech Co.,Ltd.Coway Entech will be engaged in the water environment business.Division effective date of Feb. 29, 2016 and division registration date of March 3, 2016.


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