De’Longhi Group posted a strong third quarter, with high-end coffee machines doing most of the heavy lifting.
– Consolidated revenue: €944.9 million, up 7.7% year on year (+7.3% at constant exchange rates)
– Adjusted EBITDA: €171.6 million, up 15.2%
– EBITDA margin: 18.2% of revenue, an improvement of 120 basis points
– Group net profit: €84.5 million, up 19%
JD.com is preparing to take control of Ceconomy, the parent company of MediaMarktSaturn and MediaWorld, following the completion of the final approval process.
The Chinese e-commerce group has acquired a 75% stake in Ceconomy, with the remaining 25% retained by the Kellerhals family, founders of the European retail business. The transaction is expected to close on 12 November 2026.
Fresh financial results from Hisense Home Appliances have cast a clear spotlight on the compounding cost pressures currently hitting global white goods manufacturers.
Reporting its third-quarter performance, the appliance giant revealed a sharp 74% year-on-year drop in net profit attributable to shareholders, dropping to CNY 191 million (approx. $28.6 million / £22.6 million). Cumulative profit for the first nine months of the year fell 34.2% to CNY 1.849 billion, despite posting substantial revenue of CNY 67.014 billion.
Electrolux Group increased sales in the third quarter of 2026, but rising external costs and restructuring charges continued to put pressure on profitability as the appliance manufacturer pursued its global efficiency programme.
Continue readingAsurion has completed its acquisition of Domestic & General (D&G), strengthening its position in the global appliance protection and connected-home services market.
Continue readingLG Electronics closed the third quarter of 2026 with consolidated revenue of 23.83 trillion KRW (approximately €15.83 billion) and operating profit of 781.8 billion KRW (approximately €519 million). Despite ongoing geopolitical and macroeconomic uncertainty, the company held solid positions in its key markets, supported by product competitiveness and expanding B2B activity.
Continue readingThe global white-goods industry is facing another challenging period, and Whirlpool is becoming a clear example of the pressures affecting major appliance manufacturers.
Continue readingChina’s leading white-goods companies are stepping up share buybacks as the home-appliance market faces slower growth.
Midea Group has been particularly active, with billions of yuan spent on share repurchases. The company plans to cancel the repurchased shares, which will reduce the total number of shares in circulation.
