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Appliances, Tools & Housewares

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Zhejiang Aishida Electric completes merger between units

Monday, 8 Jan 2018 02:07am EST

Jan 8 (Reuters) - Zhejiang Aishida Electric Co Ltd <002403.SZ> ::Says its Hubei-based electric appliance unit completed merging the Hubei-based cooker unit, as planned .

Whirlpool Corp Says Will Report Mexico Business As Part Of Latin America Segment​ Starting 2018

Wednesday, 3 Jan 2018 04:52pm EST

Jan 3 (Reuters) - Whirlpool Corp ::WHIRLPOOL CORP - ‍BEGINNING WITH FISCAL YEAR 2018, COMPANY WILL REPORT ITS MEXICO BUSINESS AS A PART OF ITS LATIN AMERICA SEGMENT​.WHIRLPOOL CORP - ‍BEGINNING WITH FISCAL YEAR 2018, CO WILL SHIFT CERTAIN ADJACENT BUSINESS FROM NORTH AMERICA SEGMENT TO ASIA SEGMENT​.

Husqvarna to boost concrete surfaces & floors with Atlas unit buy

Friday, 22 Dec 2017 02:30am EST

Dec 22 (Reuters) - Husqvarna AB ::HUSQVARNA GROUP TO ACQUIRE LIGHT COMPACTION AND CONCRETE EQUIPMENT BUSINESS, TO STRENGTHEN POSITION IN CONCRETE SURFACES & FLOORS.SAYS ‍ATLAS COPCO LIGHT COMPACTION & CONCRETE EQUIPMENT, A PART OF ATLAS COPCO POWER TECHNIQUE, IS A GLOBAL LEADER IN THIS BUSINESS SEGMENT AND HAD ANNUAL SALES OF APPROXIMATELY SEK 570M IN 2016​.SAYS ‍AROUND 200 EMPLOYEES ARE PREDOMINANTLY LOCATED IN BULGARIA BUT ALSO IN ALL KEY MARKETS​.

Mcpherson's ‍Announces Sale Of Its Home Appliance Business To Glen Dimplex Australia ​

Thursday, 14 Dec 2017 12:14am EST

Dec 14 (Reuters) - Mcpherson's Ltd ::SAYS ‍ANNOUNCES DIVESTMENT OF ITS HOME APPLIANCE BUSINESS TO GLEN DIMPLEX AUSTRALIA PTY LIMITED​.‍FUNDS GENERATED FROM DEAL TO BE USED TO BUY BACK OUTSTANDING $25.0 MILLION IN BONDS AT 31 MAR​.‍GROUP NET DEBT IS FORECAST TO BE ABOUT $5M AT 30 JUNE 2018, COMPARED WITH $36.4M AT 30 JUNE 2017​.SAYS ‍NET TRANSACTION CONSIDERATION IS ESTIMATED TO BE APPROXIMATELY $28 MILLION​.ESTIMATED NON-RECURRING LOSS ON DIVESTMENT OF BETWEEN $2 MILLION TO $3 MILLION WILL BE ACCOUNTED FOR IN 1HFY18 RESULTS​.MCPHERSON'S - NOW EXPECTS H1 2018 UNDERLYING PROFIT BEFORE TAX TO BE AT THE "BETTER END" OF A DECLINE OF 10%-15% ​.

Amica Plans To Acquire Assembly Line In Spain

Wednesday, 13 Dec 2017 01:41am EST

Dec 13 (Reuters) - AMICA SA ::SAID ON TUESDAY THAT IT SUBMITTED ON NOV. 30 AN OFFER TO ACQUIRE AN ASSEMBLY LINE IN SPAIN FROM EDESA INDUSTRIAL S.L. .THE POTENTIAL TAKEOVER OF THE ASSEMBLY LINE FOR LARGE HOUSEHOLD APPLIANCES WOULD BE UNDERTAKEN FOR 3 MILLION EUROS BY AMICA'S UNIT BASED IN SPAIN .ITS UNIT WOULD ALSO RECEIVE THE RIGHT TO SELL AGD APPLIANCES UNDER THE EDESA BRAND IN SPAIN AND PORTUGAL FOR ADDITIONAL 2 MILLION EUROS.AMICA PLANS TO FUND THE TRANSACTION OF THE TOTAL VALUE OF 5 MILLION EUROS FROM ITS OWN FUNDS.THE OFFER IS VALID UNTIL FEB. 28, 2018.

Metall Zug cuts FY operating result outlook

Friday, 3 Nov 2017 01:07pm EDT

Nov 3 (Reuters) - METALL ZUG AG ::SALES IN HOUSEHOLD APPLIANCES BUSINESS UNIT IN2017 ARE LIKELY TO SLIGHTLY FALL SHORT OF PREVIOUS YEAR'S LEVEL​.‍IN INFECTION CONTROL BUSINESS UNIT, SOME PROJECTS IN LIFE SCIENCE SEGMENT WILL BE DELAYED INTO 2018​.‍UNSATISFACTORY STATUS OF RESTRUCTURING OF LIFE SCIENCE SEGMENT IS IMPACTING ON RESULT​.‍OPERATING RESULT FOR 2017 IS THEREFORE LIKELY TO AMOUNT TO AROUND CHF 75 MILLION (2016: CHF 94 MILLION)​.‍PROJECTED A SLIGHTLY LOWER OPERATING RESULT FOR 2017 AS A WHOLE COMPARED WITH PREVIOUS YEAR (CHF 94 MILLION)​.

DEA General Aviation Holding to swing to loss in FY 2017

Monday, 30 Oct 2017 04:58am EDT

Oct 30 (Reuters) - DEA General Aviation Holding Co Ltd <002260.SZ>:Says it expected FY 2017 net loss to be 50 million yuan to 80 million yuan versus net profit of 5.1 million yuan year ago .Comments that increased costs of airline business as main reason for the forecast .

Ogawa Smart Healthcare Technology Group sees FY 2017 net profit up 31 pct to 40 pct

Friday, 27 Oct 2017 01:41am EDT

Oct 27(Reuters) - Ogawa Smart Healthcare Technology Group Co Ltd <002614.SZ> ::Sees FY 2017 net profit to increase by 31 percent to 40 percent, or to be 330 million yuan to 351 million yuan.Says FY 2016 net profit was 251.0 million yuan.The reason for the forecast is rapid development of home massage chair, special massage chair (health management chair) and commercial massage chair business.

Whirlpool reports Q3 non-GAAP EPS of $3.83 from continuing operations

Monday, 23 Oct 2017 04:30pm EDT

Oct 23 (Reuters) - Whirlpool Corp :Whirlpool Corporation reports third-quarter 2017 results.Sees FY 2017 earnings per share $13.60 to $13.90 from continuing operations.Sees FY 2017 GAAP earnings per share $11.10 to $11.40.Q3 earnings per share $3.83 from continuing operations.Q3 GAAP earnings per share $3.72.Q3 sales $5.4 billion versus I/B/E/S view $5.51 billion.Q3 earnings per share view $3.94 -- Thomson Reuters I/B/E/S.Q3 non-GAAP earnings per share $3.83 from continuing operations.Whirlpool Corp - ‍announced a $150 million fixed cost reduction initiative, which is in addition to ongoing cost productivity efforts​.Whirlpool Corp - in North America, ‍continues to expect full-year 2017 industry unit shipments in U.S. To increase by 4 to 6 percent​.Whirlpool Corp - in Latin America, ‍company continues to expect full-year 2017 industry unit shipments in Brazil to be flat​.Whirlpool Corp - in Europe, Middle East and Africa, ‍continues to expect full-year 2017 industry unit shipments to be flat to up 2 percent​.Whirlpool Corp - in Asia, ‍company continues to expect full-year 2017 industry unit shipments to be flat to up 2 percent​.Whirlpool Corp - the ‍initiative to reduce fixed overhead costs by $150 million will be implemented in early 2018​.Whirlpool Corp - ‍"In 2017, company experienced significantly elevated raw material prices which are now expected to further increase through 2018"​.Whirlpool Corp - ‍reaffirms its 2020 goals​.

Husqvarna Q3 operating profit lags forecast​

Friday, 20 Oct 2017 02:12am EDT

Oct 20 (Reuters) - Husqvarna AB :Q3 ‍net sales increased to SEK 7,449m (7,349), corresponding to a currency adjusted* growth of 4%.​.Q3 ‍operating income amounted to SEK 433m (431), including a restructuring charge of around SEK -50m.​.Reuters poll: Husqvarna Q3 EBIT was seen at 454 million SEK, adjusted EBIT at 508 million, sales at 7,622 million.Says "We continue to invest in strategic growth initiatives to further strengthen our position in areas that will be vital for growth going forward, but which impacts the margin more negatively during the second half-year due to its lower sales.Q3 sales in Consumer Brands division declined by 5 pct currency adjusted and the seasonal operating loss amounted to SEK -94 mln (-80) vs 81 mln loss seen in Reuters poll .

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