Whirlpool grows in North America but not in the EMEA region

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Third-quarter net sales for Whirlpool Corporation were 5.3 billion dollar, compared to 5.4 billion in the same prior-year period. Excluding the impact of currency, sales increased 1.5 percent.
In the North America market, the company reported third-quarter net sales of 3.0 billion dollar, compared to 2.9 billion in the same prior-year period. Excluding the impact of currency, sales increased 5.3 percent.
Whirlpool Europe, Middle East and Africa, instead, reported third-quarter net sales of 1.1 billion dollar, compared to 1.3 billion in the same prior-year period. Excluding the impact of currency, sales decreased 7.6 percent.
In Latin America, the company reported third-quarter net sales of 878 million dollar, compared to 966 million in the same prior-year period. Excluding the impact of currency, sales increased 1.8 percent.
Whirlpool Asia, finally, reported third-quarter net sales of 339 million dollar, compared to 373 million in the same prior-year period. Excluding the impact of currency, sales decreased 4.3 percent.
«Very impressive results in North America and a favorable tax rate allowed us to deliver our highest quarterly ongoing EPS in our long history, demonstrating our ability to overcome the numerous external challenges we have been facing – said Marc Bitzer, chief executive officer of Whirlpool Corporation. – While our EMEA performance has been disappointing, our progress on restoring volume and the new actions to refocus and right-size our business give us confidence that we can turn around the region.»

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