Whirlpool, first non-Yankee CEO: the effects on Italy
FROM THE BLOG "LA CASA DI PAOLA" - Marc Bitzer, who is of Swiss-German origin and was behind the Indesit takeover, takes the place of Jeff Fettig: it's a big turning point
Merloni, historic patron of Indesit, has died
Vittorio Merloni passed away at the age of 83: he was president of Confindustria from 1980 to 1984.
Whirpool, Zanocco: “Investing in Italy pays off”
The unions, the Government and the Whirlpool Group take stock of the Indesit integration process: since last year's acquisition Whirpool has invested 123 million and will invest 135 in 2016 - Many of the company's productions have been reported…
Whirlpool: another 480 redundancies. Guidi: "Unqualifiable"
The US company that took over Indesit has presented a restructuring plan that increases redundancies from 1.350 to 2.060, almost one employee in three …
CASE OF WHIRLPOOL – De Vincenti, if you're there, strike a blow
Compared to the 2013 agreement between the Letta Government and the social partners on Indesit, the ownership has changed and the Government has changed but the trade union commitments remain untouchable - However, there is a line of continuity with respect to then represented by the…
Skip the negotiation: Whirlpool-Indesit workers' strike
Proclaimed twelve hours of strike to be carried out within the month of May in all Whirlpool-Indesit plants in Italy - The decision was taken by Fim, Fiom and Uilm after the company confirmed the plan with the closure…
Whirlpool shock: another 400 redundancies
After the purchase of Indesit, Whirlpool presents an industrial plan which provides for 1.340 redundancies, 400 more than those envisaged so far - It will also close the Caserta plant - Guidi: "The Government expresses its opposition and reiterates its commitment to find…
Indesit returns to profit in 2014
In the first nine months it made profits of 3,8 million euros - Net financial debt also improved, but remained above half a billion - Revenues down by 4,2%.
Stock exchange, Indesit ever closer to the price of the Whirlpool takeover bid
The stock travels at 10,87 euros, now one step away from the 11 euros per share offered by Whirlpool for 67% of the Italian group - Some operators hope to be able to snatch a raise from the US company, also seen…
The banks want to write off Espirito Santo
According to the Folha de S.Paulo newspaper, Telefonica is in talks for the sale of the stake in Telecom Italia - Indesit, today the test on the takeover price (11 euros) - Ipo: even Sisal is giving up: the small ones remain - Enel…
MADE IN ITALY – Indesit switches to the Americans of Whirlpool, but selling is better than declining
FAMILY CAPITALISM - It is a pity that the Merlonis did not find in the family the financial resources and managerial strength to maintain Indesit but selling the group to a giant like Whirlpool is a test of wisdom because it puts…
Stock market: Indesit flies after Whirlpool purchase, Mediaset slips on fears for advertising
Indesit stock takes off in Piazza Affari, sharply up after the announcement of the acquisition of the company by Whirlpool - Mediaset reverses course, penalized by fears for the trend in advertising sales in the light of the latest Nielsen data.
Indesit, Whirlpool 60,4% for 758 million
Whirlpool simultaneously signed purchase and sale agreements with Fineldo for a stake equal to 42,7% of the capital of Indesit; with some members of the Merloni family for a stake of 13,2% of the capital; with Mrs. Claudia Merloni for a…
Indesit, Merloni opens up to a partner. “all roads still open”. Solution for June-July
Aristide Merloni explained that a partner is being sought for Indesit but it is too early to say "whether we go ahead alone or if there will be an integration, merger or sale". “It may also be that we decide to go…
Indesit: red from 6,2 million in the first quarter
The first quarter of the household appliance manufacturer closed with a negative net result of 6,2 million, against the profit of 4,1 million recorded in the same period of the previous year - Turnover was also down (-6,6. 560%), at XNUMX million…
Indesit: Whirlpool makes offer for Fineldo package
Among the possible buyers of the share that should be sold by the shareholder Fineldo (the safe of the Merloni family) there are 4 names: the Turkish Arcelik, the German Bosch Siemens, the Korean LG and the American Whirlpool - Whirlpool has allegedly made the proposal to…
Stock market: Indesit, positive performance after conversion of savings shares
Indesit gains in Piazza Affari after the board of directors approved the conversion of savings shares on a one-for-one basis on Friday and after the distribution of a 4,5 cent dividend - According to rumors, the appointment could be imminent…
Indesit: 2013 profit at €3,2m, board does not propose dividend distribution for ordinary shares
Approved today in Peterborough, Indesit's 2013 financial statements show a drop in profit to 3,2 million - the board of directors has decided not to propose to the shareholders' meeting the distribution of a dividend for ordinary shares.
Kiev effect: stock markets sink. In Milan down Unicredit and Indesit
Piazza Affari and Frankfurt today led the descent of European lists, affected by the tension in Ukraine - Debt securities, on the other hand, withstood the impact: the Btp-Bund spread is stationary at 190 bps - In Milan, among the…
Stock market, Indesit continues the rally on rumors of a new partner: the Chinese of Haier are in pole position
In the race there would also be the Americans of Whirlpool, the Turks of Arcelik, the Germans of Siemens and the Koreans of Samsung - However, it seems that a two-way Sino-American race could take the form of…
Stock market, Indesit rally waiting for new international partner
The house of household appliances puts the turbo into Piazza Affari in view of a new agreement - Many paths open, the official announcement should arrive in the Board of Directors on March 21 - At the start, the stock reaches its highest level since 2008.
Indesit closes 2013 with declining revenues and profits
Sharp decline for home appliances: -7,7% compared to 2012 - The CEO Milani: "Good performance in the United Kingdom and Italy, weak on the Russian market, but there are premises for continuing with the improvement plans" - Title ok in Bag.
Stock market, Indesit flies on rumors of integration with Electrolux or Whirlpool
According to analysts, a merger with Electrolux or Whirlpool would allow for greater synergies and could be achieved in part with an exchange of shares.
China holds back the stock market but Luxottica rises. An atmosphere of merger for Indesit that takes off
European stock markets are weak, burdened by the disappointing quarterly results of Deutsche Bank and the slowdown in the Chinese economy - Piazza Affari limits losses thanks to positive data on orders from Italian industry - Luxottica wins for the promotion of Deutsche - Air…
Indesit, agreement with the unions: "No layoffs"
Despite Fiom's abstention, Indesit has signed an agreement with the other unions on the employment impact of the new industrial plan: layoffs averted thanks to the use of social safety nets - The referendum among factory workers is now awaited - The group …
Indesit skips the table with the trade unions and the stock collapses on the stock market
After a night of confrontation at the Ministry of Economic Development, the negotiations with the unions fell through - The company specifies that the lack of agreement on the reorganization plan "prevents access to shock absorbers and penalizes the workers, leading to the opening of…
Electrolux interested in Indesit assets
To the question "Are there parts of companies like Indesit that could be attractive for us considering their portfolio?", McLoughlin, the number one of the Swedish electrical appliance giant, replies yes - However, the CEO also specified that there are parts…
Boom of Btp Italia and today Pirelli and Telecom Italia are being examined by the City. This morning Milan starts well
Tronchetti presents Pirelli's new plan in London today while Fossati is looking for new investors to overturn the majority and open a new course in Telecom Italia - And so Milan is off to a good start this morning - Meanwhile, BTP Italia is…
The Treasury is betting on Italy's BTPs, Europe on falling rates. Milan starts on the rise
The new issue of Btp Italia starts this morning with a guaranteed minimum annual coupon of 2,15% while all of Europe is betting on the ECB's rate cut - Blackberry thud, Twitter raises the price - After yesterday's exploit of…
Piazza Affari: Indesit and Saipem warm up. The lists are betting on falling interest rates
European stock exchanges (including Piazza Affari) moderately up on the wave of the bet on the next ECB directorate, which on Thursday could accentuate the expansionary stance on rates - The 4,1-year BTP is trading at a yield of XNUMX% - Prominent in Rome …
Stock market, Indesit flies on rumors of alliances
Indesit runs to Piazza Affari after the rumors relaunched by the Sole 24 Ore on a possible international alliance: the stock opens this morning with a resounding +13%, at 8,42 euros per share, on the rumors of interest from General Electric,…
Fed: Closer tapering. Btp Italia, Telecom, Atlantia in the spotlight. Milan on the rise this morning
At the center of the new week the issue of the Btp Italia, the Telecom Italia plan (issue of spin-off and post-merger recapitalization with Telefonica), the warrants for the incorporation of Gemina into Atlantia and the possible foreign partner of Indesit - Stamani Milano in …
Indesit: third quarter profit -55%
The results of the household appliance manufacturer continue to worsen on an annual basis, which, however, is breathing again after two quarters in the red, recording a net profit of 9 million - Revenues down by 10,1% on the year, at a level…
Pirelli renounces the syndicate agreement. Mps, the Foundation is packing its bags. Be careful Milan this morning
Pirelli prepares the dissolution of the agreement in advance: Sposito and Fiorentino on the board of directors - In Mps the Foundation evaluates the withdrawal - Fiat in difficulty but in 2013 it gained 58% - Cauta Milano this morning - Indesit on the shields…
Stock market, Indesit takes flight after the announcement of reorganisation
The stock gains almost 6% - The leap comes after the declarations of CEO Milani, who spoke of a reorganization plan in sight - Profitability and prospects for 2015 are good - Analysts, Equita Sim confirmed…
L'Espresso profit collapses but remains profitable. Negative quarter also for Indesit
L'Espresso feels the crisis and sees its turnover fall by 12% in the second quarter - Indesit is also down: revenues -4,8%.
Indesit, unexpected stop of production due to strikes
Production halted due to the strikes in Melano and Albacina - "It is anti-union behavior" thunders Fiom, Fim and Uilm who, according to rumors, intend to denounce the company - The workers took to the streets
Indesit confirms the redundancy plan: the unions leave the negotiation
The household appliance manufacturer confirmed its cut plan, which provides for 1425 redundancies, causing the trade unions to abandon the deal.
Indesit reorganizes itself and goes on the Stock Exchange: investments for 70 million, restructuring for 1.400 people
The reorganization of the group, which currently employs around 4.300 people in Italy, involves a total of over 1.400 people including managers (25), employees of the headquarters (150) and workers and factory employees (1.250).
Indesit: 62,2st quarter net profit -XNUMX%
A negative quarter closes for the household appliance manufacturer, which pays for the difficulties of the market: profit -62,2% on the year at 4,1 million euros, revenues -3,8%, while net financial debt increases - The title on the stock exchange is good.
Stock market, Indesit falls after the downgrade of Goldman Sachs
The company's shares travel in the red by more than two and a half points, clearly in contrast with the performance of Piazza Affari, which in the same minutes gained more than one point - Goldman Sachs cut the recommendation on the stock from "neutral"…
Indesit, profit growing in 2012: +6%
Revenues up to 2,9 billion, 2% more than the previous year, and Ebit down to 133 million euro from the 150 million recorded in the previous year.
Stock market, Indesit collapses: the Merloni family does not sell
The speculative appeal on the shares disappeared after yesterday Maria Paola Merloni denied the rumors that appeared in recent days in some newspapers, stating that there is no disagreement among family members and that the company does not…
Indesit: third quarter profit +37,4%
The household appliance company has published its third quarter 2012: revenues increased by 4,6% compared to the previous quarter, to 760 million euros - Profits increased by 37,4% compared to the same period of 2011 - Demand…
Indesit, profits and Ebit halved
The company announced that it closed the first quarter of 2012 with a drop in net profits of 45,6% - Revenues also fell (-3,6%), while net financial debt rose to 442 million euros.
Indesit closes the first nine months of 2011 with profits down on the previous year
Third quarter data published: turnover stands at 2 billion euros, with profits down on 2010 and downward forecasts for 2011 revenues. On the Stock Exchange, up almost 7% to 5,22 euros
Indesit's big hit in football: it becomes a sponsor of Arsenal, Paris Sg, Milan and Shaktiar Donetsk
Indesit's innovative and international choice in the world of football: in one fell swoop it sponsors four major clubs - "But it's not a choice of fans" explains Marco Rota, marketing & consumer brand director of Indesit in the splendid setting of…
Revenues and profits growing for Indesit
However, the Fabriano-based company saw its operating margin contract by 0,8%. The forecasts for the western European markets are still negative for the whole of 2011