BSH to suspend factory production but reports of impressive 2019 turnover

BSH has temporarily suspended production operations at its factories in Europe, Turkey and North America. The manufacturer said it is experiencing a “significant decline” in demand, affecting almost all product categories and markets. As a result, the Board of Management will suspend production for three weeks while the company will strive to continue with delivery of products to customers.

4 “This could also have an impact on employees

who are not directly employed in production or at other locations,” the company said in its statement. “Employees will be informed about the planned actions in a timely manner.”

Third-highest turnover

BSH also recently reported that turnover in 2019 reached the third- highest level in the company’s history, at €13.2 billion, though down 1.2 percent from 2018. This was “despite considerable challenges,” the home appliance manufacturer said.

In addition, R&D expenditures rose to €713 million last year. At 5.4 percent of turnover, they surpassed the record from 2018 (five per cent). “The focus remains on digital technologies

Online sales soar at Dixons Carphone as

retailer issues coronavirus trading update While its physical stores are currently closed, trading at Dixons Carphone continues to be positive thanks largely to its online offering.

In a trading update issued at the end of last month, the retail giant reported that in the 11 weeks from 5 January to 21 March Electricals in the UK and Ireland was up 10 per cent, which includes a staggering recent uplift, with sales growth running at +35 per cent in the last three weeks.

“We have seen very good sales in home entertainment (TVs, Gaming), home living (fridges, freezers, kitchen appliances) and equipment for home working (laptops, printers),” the retailer said.

Specifically online, the company saw a huge 72 per cent growth in sales of Electricals. This latest statement from Dixons Carphone comes as a result of the rapidly changing situation regarding COVID-19. In line with Government guidance it closed its

stores across the UK and Ireland from Tuesday this week (24 March). Online channels remain open. “Online trading has been very strong in all countries over the last two weeks as people have been preparing to work from home and use essential technology to continue their lives during the Coronavirus outbreak,” the retail giant reported. “Early signs are that this strong trading has continued since stores closed and will help to compensate for lost store sales.”

such as software to control connected home appliances, voice control, machine learning and artificial intelligence,” the company said. In 2020, the company will be putting the first appliances with its new microprocessor-based SystemMaster technology on the market – including Cookit, the multifunctional kitchen machine with cooking function, already introduced at IFA 2019.

BSH CEO, Uwe Raschke, said in the statement: “Due to a wide range of economic and political uncertainties, as well as the unforeseeable consequences of the coronavirus disease, we can already tell today that 2020 will be at least as challenging as the previous year.”

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