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Appliances, Tools & Housewares

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Mcpherson's ‍Announces Sale Of Its Home Appliance Business To Glen Dimplex Australia ​

Thursday, 14 Dec 2017

Dec 14 (Reuters) - Mcpherson's Ltd ::SAYS ‍ANNOUNCES DIVESTMENT OF ITS HOME APPLIANCE BUSINESS TO GLEN DIMPLEX AUSTRALIA PTY LIMITED​.‍FUNDS GENERATED FROM DEAL TO BE USED TO BUY BACK OUTSTANDING $25.0 MILLION IN BONDS AT 31 MAR​.‍GROUP NET DEBT IS FORECAST TO BE ABOUT $5M AT 30 JUNE 2018, COMPARED WITH $36.4M AT 30 JUNE 2017​.SAYS ‍NET TRANSACTION CONSIDERATION IS ESTIMATED TO BE APPROXIMATELY $28 MILLION​.ESTIMATED NON-RECURRING LOSS ON DIVESTMENT OF BETWEEN $2 MILLION TO $3 MILLION WILL BE ACCOUNTED FOR IN 1HFY18 RESULTS​.MCPHERSON'S - NOW EXPECTS H1 2018 UNDERLYING PROFIT BEFORE TAX TO BE AT THE "BETTER END" OF A DECLINE OF 10%-15% ​.

Metall Zug cuts FY operating result outlook

Friday, 3 Nov 2017

Nov 3 (Reuters) - METALL ZUG AG ::SALES IN HOUSEHOLD APPLIANCES BUSINESS UNIT IN2017 ARE LIKELY TO SLIGHTLY FALL SHORT OF PREVIOUS YEAR'S LEVEL​.‍IN INFECTION CONTROL BUSINESS UNIT, SOME PROJECTS IN LIFE SCIENCE SEGMENT WILL BE DELAYED INTO 2018​.‍UNSATISFACTORY STATUS OF RESTRUCTURING OF LIFE SCIENCE SEGMENT IS IMPACTING ON RESULT​.‍OPERATING RESULT FOR 2017 IS THEREFORE LIKELY TO AMOUNT TO AROUND CHF 75 MILLION (2016: CHF 94 MILLION)​.‍PROJECTED A SLIGHTLY LOWER OPERATING RESULT FOR 2017 AS A WHOLE COMPARED WITH PREVIOUS YEAR (CHF 94 MILLION)​.

Whirlpool reports Q3 non-GAAP EPS of $3.83 from continuing operations

Monday, 23 Oct 2017

Oct 23 (Reuters) - Whirlpool Corp :Whirlpool Corporation reports third-quarter 2017 results.Sees FY 2017 earnings per share $13.60 to $13.90 from continuing operations.Sees FY 2017 GAAP earnings per share $11.10 to $11.40.Q3 earnings per share $3.83 from continuing operations.Q3 GAAP earnings per share $3.72.Q3 sales $5.4 billion versus I/B/E/S view $5.51 billion.Q3 earnings per share view $3.94 -- Thomson Reuters I/B/E/S.Q3 non-GAAP earnings per share $3.83 from continuing operations.Whirlpool Corp - ‍announced a $150 million fixed cost reduction initiative, which is in addition to ongoing cost productivity efforts​.Whirlpool Corp - in North America, ‍continues to expect full-year 2017 industry unit shipments in U.S. To increase by 4 to 6 percent​.Whirlpool Corp - in Latin America, ‍company continues to expect full-year 2017 industry unit shipments in Brazil to be flat​.Whirlpool Corp - in Europe, Middle East and Africa, ‍continues to expect full-year 2017 industry unit shipments to be flat to up 2 percent​.Whirlpool Corp - in Asia, ‍company continues to expect full-year 2017 industry unit shipments to be flat to up 2 percent​.Whirlpool Corp - the ‍initiative to reduce fixed overhead costs by $150 million will be implemented in early 2018​.Whirlpool Corp - ‍"In 2017, company experienced significantly elevated raw material prices which are now expected to further increase through 2018"​.Whirlpool Corp - ‍reaffirms its 2020 goals​.

Husqvarna Q3 operating profit lags forecast​

Friday, 20 Oct 2017

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.

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