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 readingCategory Archives: Financial
Asurion Completes Acquisition of Domestic & General
Asurion has completed its acquisition of Domestic & General (D&G), strengthening its position in the global appliance protection and connected-home services market.
Continue readingLG posts strong Q3 growth as premium and volume appliances drive results
LG 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 readingWhirlpool’s Latest Stock Slump Highlights the Pressure Facing the White-Goods Market
The global white-goods industry is facing another challenging period, and Whirlpool is becoming a clear example of the pressures affecting major appliance manufacturers.
Continue readingWhite-Goods Giants Step Up Share Buybacks
China’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.
Whirlpool Leans on Americas Strategy as Q2 Margins Stay Under Pressure
Electrolux Q2 2026: Profit Climbs as North American Demand Shows Signs of Life
Hisense Home Appliances Misses Analyst Earnings Targets
Hisense Home Appliances Group has reported quarterly earnings that fell short of analyst expectations, adding fresh pressure to the Chinese manufacturer as it navigates a cooling global market and rising competition across core categories.
Continue readingTefcold
Polaris has entered into a partnership with Denmark-based TEFCOLD, becoming the majority shareholder in the commercial plug-in refrigeration provider. Founder Torben Christensen and his family will retain a 40% stake, while TEFCOLD management will also co-invest.
Bosch Home Comfort Group plans to invest €80 million (around ₹900 crore) to expand its manufacturing
Europe’s largest air-conditioner maker is making a major bet on India.
Bosch Home Comfort Group plans to invest €80 million (around ₹900 crore) to expand its manufacturing footprint in India and begin exporting Indian-made air conditioners within the next two years—including to Europe.
The move reflects India’s growing role as a global manufacturing and export hub.
Key highlights
🏭 Bosch will invest €80 million (approximately ₹900 crore) to expand manufacturing capacity in India.
🌍 The company plans to start exports within two years, targeting Europe as well as other international markets.
