Electrolux
Article Abstract:
Electrolux is a Swedish household appliance manufacturer which has seen a drop in its share price. The company has suffered from flagging demand in Europe in 2nd qtr 1995, though US sales started a modest recovery toward the end of this quarter. The company has also been hit by the rising cost of raw materials, though these price rises could have reached a peak. Margins have been hit by increased costs rather than the company imposing price rises for consumers.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Kenwood Appliances
Article Abstract:
Kenwood Appliances suffered a drop in sales in Italy prior to Christmas 1995 and has also seen European sales hit in its last quarter. The company acquired Ariete in Italy in 1994 and there is concern about this acquisition. Ariete's operating margins may not be sustainable and bad debts could be a problem. Kenwood is moving some production to China for cost reasons. The company's profit is forecast at some 18 million pounds sterling for 1996 to 1997.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Electrolux
Article Abstract:
Electrolux has moved into industrial goods and garden supplies from its initial activity of domestic electrical appliances. The company has three major white goods brands in Europe: Electrolux, Zanussi and AEG. The company has been helped by the weakness of the Swedish currency, though the increasing cost of metal has caused problems since it cannot easily be reflected in higher prices due to competition and sluggish demand.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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