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February 11, 2016 4:02 AM ET

Household Durables

Company Overview of Indesit Company S.p.A.

Company Overview

Indesit Company S.p.A., an investment holding company, produces and sells household appliances for the cooking, cooling, and washing applications in eastern and western Europe and internationally. The company provides cookers, ovens, and hobs; refrigerators and freezers; and washing machines, dryers, combined washer-dryers, and dishwashers. It offers its products under the Indesit, Hotpoint, and Scholtès brands. The company was formerly known as Merloni Elettrodomestici and changed its name to Indesit Company S.p.A. in 2005. Indesit Company S.p.A. was founded in 1975 and is headquartered in Fabriano, Italy. As of October 14, 2014, Indesit Company S.p.A. operates as a subsidiary of Whirlpool ...

Viale Aristide Merloni, 47

Fabriano, AN 60044


Founded in 1975

15,790 Employees


39 07 326611


39 0732 66 25 01

Key Executives for Indesit Company S.p.A.

Chairman, Chief Executive Officer and Member of Human Resources Committee
Chief Division Officer for Food Treatment
General Counsel and Company Secretary
Age: 48
Head of Investor Relations
Chief Division Officer of Services & Consumer Care
Compensation as of Fiscal Year 2015.

Indesit Company S.p.A. Key Developments

Indesit Company Announces Consolidated Earnings Results for the Nine Months Ended September 2014; Provides Sales Guidance for the Year 2014

Indesit Company announced consolidated earnings results for the nine months ended September 2014. For the period, the company reported net profit of EUR 3.8 million (USD 4.8 million) from a EUR 8.2 million loss in the same period a year ago. The company booked sales of EUR 1.885 billion, down 4.2% on the year as demand in eastern Europe fell 2.1%. The results were also affected by currency depreciation in Ukraine and in the third quarter in Russia. Earnings before interest and tax rose 37% to EUR 58.3 million. The profitability rose mostly due to selective price hikes and efforts in cost efficiencies. Net financial debt fell to EUR 530 million at end of September 2014. The company announced that assuming fourth-quarter 2014 exchange rates in line with the third-quarter currency levels, it expects 2014 sales to be slightly lower compared with 2013.

Indesit Company S.p.A. Reports Consolidated Earnings Results for the Second Quarter Ended June 30, 2014; Provides Earnings Guidance for the Second Half 2014

Indesit Company S.p.A. reported consolidated earnings results for the second quarter ended June 30, 2014. For the quarter, the company reported revenues of EUR 624.2 million compared to EUR 648.5 million a year ago. Adjusted EBIT was EUR 21 million against EUR 13 million a year ago. EBIT was EUR 20 million against EUR 1 million a year ago. The consolidated net profit was EUR 5.3 million compared to loss of EUR 21.2 million a year ago. For the second half of 2014, the group expects sales essentially unchanged with respect to the prior year, an operating margin excluding non-recurring charges (adjusted EBIT) of at least 3.5% of sales.

Indesit Company S.p.A., Board Meeting, Jul 30, 2014

Indesit Company S.p.A., Board Meeting, Jul 30, 2014. Agenda: To approve the second quarter and first half results.

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