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SEB H1 net profit up 15 pct to 62 million euros

12:30am EDT

SEB SA : H1 sales 2,164 million euros ($2.37 billion), +2.4 pct and +6 pct like-for-like . H1 operating result from activity: 172 million euros, +17.7 pct and +60 pct like-for-like . H1 net profit: 62 million euros, +15 pct . For H2, targets organic sales growth for FY 2016 above 5 pct and an increase in operating result from activity above 10 pct .Currency effect on 2016 operating result from activity would be close to -120 million euros.

SEB H1 net profit up 15 pct to 62 million euros

12:30am EDT

SEB SA : H1 sales 2,164 million euros ($2.37 billion), +2.4 pct and +6 pct like-for-like . H1 operating result from activity: 172 million euros, +17.7 pct and +60 pct like-for-like . H1 net profit: 62 million euros, +15 pct . Targets organic sales growth for FY 2016 above 5 pct and an increase in operating result from activity above 10 pct .Currency effect on 2016 operating result from activity would be close to -120 million euros.

Whirlpool expects restructuring charges of about $200 mln for fiscal 2016

Friday, 22 Jul 2016 11:45am EDT

Whirlpool Corp : Whirlpool Corp - Anticipate restructuring charges of approximately $200 million for fiscal year 2016 . Whirlpool Corp - On july 20, u.s. Department of commerce issued affirmative preliminary determination in ongoing antidumping investigation .Whirlpool Corp - Preliminary determination will be followed by several other steps leading to final decision from doc and itc, which co expects in jan 2017.

Whirlpool Corp Q2 earnings per share $4.15

Friday, 22 Jul 2016 06:00am EDT

Whirlpool Corp Says For Whirlpool Europe, Middle East And Africa, Continues To Expect Full : Company continues to expect full-year 2016 industry unit shipments to be flat for whirlpool asia . Year 2016 industry unit shipments in u.s. To increase by 5 to 6 percent . Year 2016 industry unit shipments to be flat to up 2 percent . Whirlpool corp says for full year 2016, company expects to generate cash from operating activities of $1,400 to $1,550 million . Whirlpool corp says for 2016 expects free cash flowof $700 to $800 million . Fy2016 earnings per share view $14.69, revenue view $20.77 billion -- Thomson Reuters I/B/E/S . Quarter 2016 results . Sees fy 2016 gaap earnings per share $11.50 to $12.00 . Q2 earnings per share $3.50 from continuing operations . Q2 gaap earnings per share $4.15 . Q2 sales $5.2 billion versus i/b/e/s view $5.13 billion . Q2 earnings per share view $3.36 -- Thomson Reuters I/B/E/S . Whirlpool corp says company intends to continue repurchasing stock throughout remainder of 2016 . Company continues to expect full-year 2016 industry unit shipments in brazil to decrease by 10 percent .Whirlpool corp sees 2016 ongoing business earnings per diluted share of $14.25 to $14.75.

Ningbo Xinhai Electric raises H1 2016 net profit outlook to 33.5 to 40.5 mln yuan

Friday, 22 Jul 2016 04:02am EDT

Ningbo Xinhai Electric Co Ltd <002120.SZ>: Says net profit for H1 of 2016 expected to increase by 45 percent to 75 percent, or to be 33.5 million to 40.5 million yuan . In the previous outlook, the company expected the net profit for H1 of 2016 to increase by 20 percent to 50 percent .Says the net profit of H1 of 2015 was 23.1 million yuan.

Somfy Q2 revenue up at 322.0‍​ million euros

Thursday, 21 Jul 2016 12:16pm EDT

Somfy SA : Q2 revenue 322.0‍​ million euros versus 300.7 million euros ($331.1 million) a year ago .H1 revenue ‍​587.6 million euros versus 547.8 million euros year ago.

Zhejiang Supor's preliminary H1 net profit up 19.1 pct

Thursday, 21 Jul 2016 04:52am EDT

Zhejiang Supor Co Ltd <002032.SZ> :Says preliminary H1 net profit up 19.1 percent y/y at 470.4 million yuan ($70.49 million).

Tupperware Brands reports qtrly GAAP earnings per share of $1.03

Wednesday, 20 Jul 2016 07:00am EDT

Tupperware Brands Corp : Tupperware Brands reports second quarter 2016 results; sales comparison up sequentially . Q2 sales down 4% in dollars and up 3% in local currency . Q2 adjusted earnings per share $1.16 . Q2 GAAP earnings per share $1.03 . Q2 sales $564.7 million . Sees FY 2016 USD sales growth versus prior year down 2 percent - down 1 percent . For FY, sales are expected to be about even in dollars (up 6 or 7% in local currency) in Tupperware North America . Sees FY 2016 GAAP EPS in the range $4.18 - $4.28 . Sees FY 2016 EPS excluding items in the range $4.25-$4.35 . Tupperware Brands Corp sees Q3 USD sales growth versus prior year up 1% to up 3% . Tupperware Brands Corp sees Q3 GAAP EPS excluding items $0.94 to $0.99 per share . Tupperware Brands Corp sees Q3 EPS excluding items $0.77 to $0.82 . FY2016 earnings per share view $4.30, revenue view $2.23 billion -- Thomson Reuters I/B/E/S . Q3 earnings per share view $0.82, revenue view $517.8 million -- Thomson Reuters I/B/E/S .Q2 earnings per share view $1.10, revenue view $559.9 million -- Thomson Reuters I/B/E/S.

Electrolux says UK construction industry cautious after Brexit

Wednesday, 20 Jul 2016 03:27am EDT

Electrolux CEO Jonas Samuelson in Q2 earnings call: Says we have seen mainly the UK construction industry signalling they will be more cautious going forward . Says in terms of regular retail demand, we are not seeing as much of an impact at this stage Further company coverage: [ELUXb.ST] (Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +46 (0)8-700 10 10;)).

Electrolux sees bigger 2016 boost from lower raw material costs

Wednesday, 20 Jul 2016 03:11am EDT

Electrolux AB : Sees positive raw material cost effect of around 750 mln SEK in 2016 (up from April view of around 700 mln) - presentation material . Says positive raw material cost effect impact seen slowing in Q4 - presentation material . Sees negative FX impact of 1.1 billion SEK in FY2016 based on July 11 FX rates (saw negative 1.3 bln in April)- presentation material .Sees negative FX impact of 125 mln SEK in Q3 - presentation material.

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