Turkish white-goods maker Arcelik said its net profit rose to 141.5 million lira ($52 million) in the first quarter from 131 million a year ago.The figure beat expectations of 129 million lira

Receiver of bankrupt Fagor Mastercook has to approve its acquisition by German BSH, the owner of Bosch within one week, otherwise BSH will withdraw the offer

Appliance manufacturer Gorenje has provided MTV with two of its Retro fridges, which are set to appear in the ‘Geordie Shore’ house. 

Electrolux announced that it will discontinue the accounting practice of items affecting comparability.
Over the years, the company has implemented restructuring programs for the purpose of optimizing its manufacturing footprint and reducing costs to improve competitiveness. Restructuring charges related to these programs have been presented separately as items affecting comparability in the income statement. Operating income by business area and selected key ratios have been reported excluding these costs. These major restructuring programs are now in the final stage and, as previously communicated, Electrolux will as of 2015 discontinue this accounting practice. Although there will likely be restructuring programs going forward, these are expected to be much less extensive.
For comparability purposes, quarterly and yearly figures for 2014 have been restated. While this change in accounting practice has no impact on the Group’s operating income, the restated gross operating income has been reduced. Costs previously recognized as items affecting comparability in the amount of 1.2 billion Sek have been allocated to costs of goods sold, selling expenses and/or administrative expenses. The restatement of operating income by business area has mainly affected operating income for Major Appliances EMEA, which includes restructuring costs in the net amount of 1.2 billion Sek for 2014. The restatement has no impact on the balance sheet or cash flow. Although the practice of recognizing items affecting comparability will be discontinued, it is the intention of Electrolux to clearly comment on any potential future restructuring costs or other material transactions of non-recurring nature.

Whirlpool Corp. will become the exclusive supplier of home appliances for Dan Ryan Builders, effective May 1 of this year.

Under the multiyear agreement, the company will furnish its homes exclusively with Whirlpool or KitchenAid branded appliances, more than 80 percent of which are made in the U.S., Whirlpool announced this week.

China’s Haier Group, a white goods giant, on Thursday started operating its largest overseas research and development center in Saitama Prefecture in Japan.

The R&D center will focus on fundamental research, new product planning and key technology design over white goods led by refrigerator, according to the center’s chief Shi Zhenyu.

Shi said the center will continue to attract Japanese and talents from other countries on the field, in a bid to develop more popular white goods to meet consumer demand, adding the center will also put an eye on developing smart and network home appliances.

Kiyoshi Ueda, governor of the Saitama Prefecture, welcomed the opening of Haier’s largest R&D center and said the center will contribute to local economy and development through providing more jobs.

Haier invested some 7 billion yen (about 58.11 million US dollars) in the center, with 200 researchers working in the center.

Whirlpool, has returned to Turkey with Indesit. The Assistant CEO of Whirpool, Marc Bitzer, announced that new investments will be made in Turkey and said that Turkey was a key country in a region with a population over 200 million. The American brand purchased the Italian domestic appliance producer Indesit last year. Whirlpool is now planning to reach the Middle Eastern and Central Asian markets via Turkey.

AO: “We can explain products better than big showrooms’.

Mitsubishi Electric unleashes premium MR-WX743Y refrigerator as part of ‘Kitchen Revolution’.

Gorenje, the home appliances group, made a net profit for 2014 of EUR 1.2m, up from a EUR 25m loss in the year before, on sales that inched up 0.4% to EUR 1.24bn, the company said Friday.