Whirlpool: disappointing data

Whirlpool Corporation reported data from a disappointing fourth quarter during which sales fell 15.3% from 5.8 to 4.9 billion (-15%) with a loss of 1.6 billion due to weak demand only partially offset by a more favorable price mix (demand was directed towards higher-end products) and by the increase in prices

Full-year 2022 sales fell 10.3% from $22 billion to $19.7 billion, a loss of $1.52 billion versus a profit of $1.8 billion in 2021, or nearly $7 per share .

In Emea the turnover collapses but without losses.
Sales in EMEA fell by 27% from $1.4 billion to $1.0 billion (also depressed by the fall in the euro against the greenback: in local currencies the decline was 18%) with a small loss however 4 million dollars.It was unclear whether Whirlpool expects any cash proceeds from the transaction that transferred Whirlpool’s EMEA operations to Beko Europe

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