Good resilience in sales”, this is how Fnac Darty describes the group’s results for the 3rd quarter of 2022. Indeed, the drop is slight on a like-for-like basis, at -1.3%, and almost nil in actual data, at -0.3%. The turnover for this period is 1.849 billion euros, bringing the total over 9 months to 5.277 billion euros. Household appliances and online sales are normalizing but remain vectors of growth Operating in 13 countries, Fnac Darty is a European leader
in the retail of entertainment and leisure products, consumer electronics and domestic appliances.
Whirlpool Europe update
In the conference call with analysts, the CEO does not reveal the names of the possible buyers of Whirlpool Emea and fails to stop the collapse of the stock after the disappointing results announced the previous day.
The things are clear to the 15,000 Whirlpool employees in Europe (especially Italy and Poland), Africa and the Middle East, to the related industries of the 10 factories (5 of which in Italy) and to the trade, in short, to those who try to understand what the destiny of Whirlpool EMEA. The little information shared by Whirlpool Corporation in presenting the data for the third quarter allows us to establish some fixed points 10 financial and industrial groups have proposed to acquire (it is not known whether in part or in whole) the assets of Whirlpool Emea.
Two of these groups, both industrial, remained ‘in the running’ and their offers are being evaluated.
The choice between one of the two offers and an internal solution will be submitted to a meeting of the Board of Whirlpool Corporation, probably before the end of the year, based on an analysis of the various market segments in which Whirlpool Emea operates.The markets in which the group intends to invest both to produce and to sell are other: obviously the USA and Canada, Brazil and Mexico and India.
Globally, Whirlpool Corp closed a bad third quarter disappointing analysts’ expectations. Whirlpool’s sales fell by 12.8%, in the third quarter by 7% net of the strengthening of the dollar. During the year, Whirlpool transferred $ 2.6 billion in dividends and buy backs to its shareholders
Whirlpool opens factory in Argentina with $52 million investment
Whirlpool Corp is set to inaugurate a new factory in Buenos Aires after a $52 million investment, with plans to export more than 70% of the local production, Joao Carlos Brega, the firm’s Latin America chief, said.
The plant, which will employ some 400 workers, will produce 300,000 washing machines each year and export $50 million worth of products around Latin America, mainly to Brazil.
New Taurus integral ironing center
Taurus presents its new integral ironing center with Sliding Care Non Stop multi-position board, which allows you to iron both vertically and horizontally and achieve professional results on all types of garments, even the most delicate, in the simplest way.
Sliding Care Non Stop stands out because it has a rotating brush with a heated ceramic base, just like traditional irons, which makes it a 100% effective iron thanks to its temperature and high flow rate of 130 g/min. In this way, the user can choose between ironing vertically or horizontally.
To make the task of ironing even easier, this new ironing center has the Non Stop System refilling system that makes it possible to refill the 2 l removable tank without having to disconnect the ironing center in the middle of the task, for so its autonomy is unlimited.
Iron with minimal effort and eliminate wrinkles and bacteria
The new Taurus ironing center offers seven steam modes and three temperature modes to adapt to all garments with minimal effort. In addition, thanks to its large steam flow of 130 g/min, it is capable of effectively removing wrinkles from any type of garment or fabric, while destroying viruses and bacteria.
As an added value, Sliding Care Non Stop has the patented Lock System for transport and locking by means of which the iron is hooked to the tank, thus facilitating its transport.
Spectrum launch
Spectrum Brands presents its new products for this winter 2022 season.
The new Russell Hobbs Distinctions collection is quality and functionality with a unique style and personality. Available in 3 colours (black, ocean blue and titanium), it is made up of a kettle, a toaster and a coffee maker.
The Groove collection by Russell Hobbs completes the launches in the breakfast category for the autumn-winter season. It consists of the Groove Kettle with a 1.7L capacity and the Groove 2-Slice Toaster with wider and longer slots for toasting bagels and thicker breads. This collection can be purchased in black, white and gray.
In addition, this season Russell Hobbs is launching 3 new oil-free fryers, with 5, 4 and 1.8 l capacity; and a Satisfry Air&Grill food processor. All under the Satisfry name. This collection is the ultimate way to achieve your favorite dishes in much less time and with quick, simple and tasty results with little or no oil. The Satisfry Air&Grill food processor allows frying without oil and 7 automatic cooking functions can be used; grilling, searing, low and high temperature slow cooking, roasting, baking and keeping warm. To highlight its full capacity of 5.5 l and that it offers upper and lower heating.
ironing
In the ironing category Russell Hobbs launches the new vertical iron
Steam Genie, with a more modern design, streamlined and updated in ocean blue. It has a power of 1,800 W and a generated steam of 18 g. In addition, it maintains the function of eliminating up to 99.9% of bacteria in less than 60 seconds.
George Foreman’s Immersa Grill
The firm launches two new references to the market that complement its catalogue, the Immersa Grill collection, in two sizes, small and medium with a premium design with a matte and glossy finish on the top cover. One of its main innovations is that, thanks to its technology, the hinge is removable, allowing the grill to be disassembled so that it can be washed in the dishwasher or fully immersed in the sink, once the electrical panel has been removed
Whirlpool: two big names in the running for EMEA activities
The ‘strategic review’ is almost finished but the press release is extremely laconic.
In the third quarter, Europe is the only area with negative margins and it is the one with the most significant decline: -28% in dollars.Whirlpool Corporation Announces Q3 Results Impacted by Short Term Macro Headwinds
And Provides Update on Portfolio Transformation; Business Well Positioned for Future
• Portfolio transformation advances with announced acquisition of InSinkErator and the completed
divestiture of the Whirlpool Russia business
• Strategic review of EMEA nears conclusion with two potential strategic investors in final evaluation
stage
• GAAP net earnings margin of 3.0% and ongoing (non-GAAP) EBIT margin(2) of 5.5%, despite double digit
industry declines across most major marketplaces and continued elevated cost inflation
• In anticipation of a temporary soft demand environment, reduced production volumes by 35% in the
third quarter
• Delivered GAAP and ongoing (non-GAAP) earnings per diluted share(1)of $2.60 and $4.49, respectively
• Revised full-year 2022 guidance to ~$5.00 earnings per diluted share on a GAAP basis and ~$19.00 on
an ongoing basis(2)
, cash provided by operating activities of $1.5 billion and free cash flow(4) of $950
million
• Structurally improved Whirlpool well positioned to navigate current environment and benefit from
long-term demand tailwinds
Whirlpool Corporation (NYSE: WHR), committed to being
the best global kitchen and laundry company, in constant pursuit of improving life at home, today reported
third quarter 2022 financial results.
”
While our Q3 results were impacted by ongoing
macroeconomic headwinds and continued elevated
levels of inflation that resulted in slowing demand,
we remain on track to deliver the second-best year in
our 111-year history in 2022,” said Marc Bitzer,
chairman and chief executive officer of Whirlpool
Corporation. “Looking ahead, we see these
challenges persisting into the first half of 2023,
however, we believe we have the right actions in
place that will allow us to navigate through the
current environment while advancing our portfolio
transformation and delivering strong shareholder
returns.”
Friday CEO Marc Bitzer’s Conference call with analysts should provide some more details. For now it is known that the ‘strategic review’ of European activities involved costs of 25 million dollars, probably in fees for investment banks and consultants
Ufesa limited edition
Ufesa has teamed up again with La Vecina Rubia to launch a new limited edition collection with an exclusive design.
The collection, very faithful to the style of La Vecina Rubia, consists of an air fryer, a 3-in-1 sandwich maker and a toaster. Three elegant appliances of the highest quality, with original designs and with pink as a hallmark.
The 3-in-1 sandwich maker, with its triple functionality, allows you to prepare personalized La Vecina Rubia sandwiches, as well as helping to cook delicious waffles and even grilled dishes, easily changing their plates. With a power of 900 W, it also has non-stick plates, a light temperature indicator, a safety lock and a cool-touch handle. In its design you can see one of the iconic phrases of La Vecina Rubia, “Getting up early is beautiful.”
The retro toaster from La neighbor Rubia X Ufesa, also accompanied by the design “Getting up early is beautiful”, is ideal for preparing two toasts at the same time, as well as for defrosting or reheating. It has an electronic toasting selector, time control, a crumb tray and wide slots for the thickest toasts with an automatic centering system.
Under the motto “You can’t like everyone, you’re not a croquette” the third appliance of this limited edition is presented: a digital air fryer with a 2 l capacity, with 1,200 W of power and 6 pre-set programs for frying , toast, roast, bake, reheat and keep warm. It should be noted that it incorporates a digital control of time and temperature so that cooking is a simple task. In addition, it comes with an exclusive fridge magnet and one of the five delicious croquette recipes by La Vecina Rubia.
Whirlpool to announce fate of Europe business
How to participate on Friday in the event in which the multinational will reveal the fate of its European activities.
Whirlpool Corporation yesterday announced the quarterly dividend that will be paid to shareholders in December: $ 1.75. This is 25% more than the dividend recognized in the third quarter of 2021. The return for shareholders is around 4%. It is therefore possible to anticipate a comforting trend of the group’s activities.
The fate of the EMEA business will be revealed on Thursday night
Tomorrow at 4 pm New York time (10 pm Italian time) the company will communicate the financial data of the third quarter and probably, as it has undertaken to do in recent months, will share its decisions regarding the fate of its activities in Europe (indeed in Emea).
The next day, at 8 am New York time, and then at 2 pm Italian time, the company’s top management will participate in a live meeting with analysts. It is possible to listen to it through the Investor section of the website http://www.whirlpoolcorp.com and by downloading the appropriate application
Microwave ovens for every need
Hisense’s new microwave ovens are created to meet the needs of anyone, from those who intend to use them occasionally to those who place the appliance at the center of their kitchen. In fact, the company has provided two series of ovens, addressed to a different type of user: Essential, for those who require high quality and do not need specific functions; and Advanced, which directs the most advanced Hisense technologies towards maximum versatility and the best possible results in terms of cooking.
The Essential range consists of two products and is characterized by a modern look and mechanical controls, which maximize ease of use. The two ovens have similar technical characteristics (20 liter capacity, 6 power levels, 700 Watts), while one of the two additionally offers an 800 Watt grill function.
The Advanced line is characterized by touch controls, LED displays and, above all, by advanced features. Advanced products have different power levels, capacity and preset automatic cooking programs, such as popcorn, vegetables, potatoes, pizza, hot drinks and the Grill mode. The digital models also support the “Step Bake” function, which allows you to program up to two consecutive (and differentiated) cooking phases such as alternating microwave and grill or heating and cooking.
Arçelik: well-deserved recognition
Arçelik’s washing machine factory in Ulmi, Romania, ranked among the most advanced in the world in terms of environmental sustainability. Indeed, Arçelik, a global appliance manufacturer and subsidiary of Turkey’s largest industrial conglomerate, Koç Holding, has been awarded Sustainability Lighthouse status by the World Economic Forum (WEF) for its manufacturing plant . ‘Ulmi, Romania. A recognition that rewards effective measures in terms of energy performance applied on the site. This follows the already existing statusArçelik as a Global Lighthouse awarded by WEF to its Ulmi plant in 2019 and Eskişehir plant in 2021 for the successful adoption of Fourth Industrial Revolution (4IR) technologies to improve productivity and performances.
Sustainability Lighthouse
The World Economic Forum’s Global Lighthouse Network (GLN) seeks to promote 4IR technologies to transform production facilities, value chains and business models. In 2021, GLN introduced Sustainability Lighthouse as a new designation to recognize manufacturers who apply innovative 4IR transformations to boost productivity while preserving the environment.
Arçelik shows the way
Arçelik’s washing machine factory in Ulmi, Romania, leads the way in efficient and sustainable manufacturing and uses state-of-the-art technologies for improved energy and water efficiency. The Ulmi plant is now designated as one of the Global Lighthouse Network’s ten sustainability flagship sites. A new recognition that Hakan Bulgurlu, CEO of Arçelik, commented saying: “ We are proud to be recognized as a pioneer in sustainable development by the World Economic Forum. This is a reflection of our deep commitment to environmental protection throughout our organization. We have ambitious environmental goals and we believe that theWe aim to achieve net zero emissions for all of our operations by 2050 through green investments in renewable energy, as well as energy efficiency in products and production. Our plant in Ulmi acts as a Sensitivity: Public laboratory and serves as an example for the entire Arçelik ecosystem. We set out to build not only an efficient Industrial 4.0 site in terms of production, but also a unit that reflects our commitment to contributing to a better future. And this recognition is well deserved, thanks to investments in advanced technologies and green production applications. I am proud of all my colleagues who have worked hard and with dynamism to achieve this. »
As a world leader in sustainability, the Arçelik washing machine factory in Ulmi stands out for the following achievements :
- The factory is the first and only production unit in Romania to hold LEED Platinum certification.
- The factory uses 100% green electricity. It has renewable energy systems for heating and cooling, such as rooftop solar (PV) panels (930 kWp) and concentrated solar power (700 kWth) and plans to increase the yield of the panels 160% solar power by the first half of 2023.
- The factory’s “digital twin” model automatically adjusts lighting and optimizes cooling and heating systems. The building management system uses an algorithm that leverages approximately 15,000 real-time data points from more than 650 energy-measuring devices and sensors.
- The lighting system uses 62.9% less electricity than a non-automated system , and the need for natural gas boilers is reduced by 34.5% for the preparation of domestic hot water.
- Due to the high level of water stress around the plant, an advanced treatment plant was installed, treating 100% of domestic and industrial wastewater, and recycling and reusing 68% of its water intake.
- All these efforts have resulted in a 17% energy saving per product, a 25% reduction in water consumption per product and a 22% reduction in scope 1 and 2 GHG emissions per product in production in one year , in accordance with company objectives.
- Since its commissioning, the plant has avoided the emission of 684 tons of CO2.
- The factory uses 100% green electricity. It has renewable energy systems for heating and cooling, such as rooftop solar (PV) panels (930 kWp) and concentrated solar power (700 kWth) and plans to increase the yield of the panels 160% solar power by the first half of 2023.
