News Whirlpool UK announces new MD
Whirlpool UK Appliances has announced the appointment of James Goldsmith as Managing Director UK and Ireland. Having worked for Whirlpool in various roles of increasing responsibility for over 25 years, Mr Goldsmith brings a wealth of knowledge and experience of the domestic appliance industry to his new position. He started his career at Indesit where he covered several positions with increasing responsibility in the commercial spaces in the regional head office in Italy and the UK. In the UK, his previous responsibilities included both the Marketing Director and the
4
According to a statement, the retailer maintained market-leading profitability despite external cost headwinds, resulting in a full year adjusted EBITDA of £7.5m, with 7.7 per cent margin (vs 7.2 percent in 2022), and a statutory profit before tax of £6.4m (vs £3.8m in 2022). In terms of operational highlights, the group saw
growth in MDA with market share growing from two per cent in FY22 to 2.5 per cent in FY23, and its share in the online segment of the market growing from 3.5 to 4.7 per cent. CE share grew from 0.2 per cent in 2022 to 0.3 per cent in 2023, with share in the online segment of the market growing from 0.4 per cent to 0.6 per cent. There was strong performance driven across all categories but particularly in A-rated energy efficient washing machines and tumble dryers, premium range cookers and small appliances, including air fryers and coffee machines.
Mark Smithson, CEO of the retailer, commented:
“We delivered another strong performance over the year, with revenue growth of 21.5 per cent, which was particularly pleasing when compared to a prior year comparative of 44 per cent and a difficult economic
Commercial Director roles. In 2016 he moved to KitchenAid EMEA based in Belgium where the business doubled over his period as General Manager for the region.
Mr Goldsmith said of his appointment: “I’m extremely
proud to return to the UK and embark on a new challenge with the company. I look forward to applying the knowledge and experience that I have acquired throughout my career to build upon and further strengthen our retail relationships, drive our brands and services forward and nurture even more collaborative and engaged teamwork moving forward together.”
Marks Electrical posts record
year-end revenue ERT-MAR20-ASWO:ERT-MAR20-ASWO 25/02/2020 10:42 Page 1
backdrop in which both the MDA and CE markets have declined year-on-year. “The market share gain we’ve achieved in the online MDA market has been driven by the strength of our high-quality business model, our people and the attractiveness of our market-leading customer offering.” Mr Smithson said that more customers are discovering Marks Electrical and the company’s focus on “the fastest and most convenient” delivery and installation options sets it apart from the competition.
He added: “As we look to FY24, we believe that our
current market share continues to provide significant scope and opportunity for growth, regardless of the economic backdrop. We have been pleased to see continued growth of over 30 per cent in April and May and a very strong start to June. We are focused on maintaining our performance management discipline on revenue, profit and cash in order continue to demonstrate our superior proposition and become the UK’s leading premium electrical retailer.”
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36
