Kitchens turn up heat at Enodis

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NOT for the first time, 投資家s had difficulty digesting a serving from kitchen 器具/備品 供給者 Enodis. The 株 低迷d to a five-year low of 44 1/2p as 逮捕する losses for the nine months to June 攻撃する,衝突する £100m.

Enodis is making money in the US but 直面するs 猛烈な/残忍な price p ressures in Britain. Kysor 過密な住居, which makes 陳列する,発揮する 事例/患者s, has 質 problems and is losing money. A troubleshooter boss has been brought in and £49m has been written off.

Group sales were flat in the June 4半期/4分の1 but fell £60m to £587m over nine months. 年4回の 税込みの 利益(をあげる)s halved to £4m, but 逮捕する losses were £91m after hefty 好意/親善 令状-offs and losses on 処分s.

The group 警告するd that markets would stay weak longer than 推定する/予想するd. 仲買人s now think it might make £25m-£30m in the year to September and be lucky to 改善する on that next year.

Once called Berisford, Enodis has had a rollercoaster history. Its £440m US 取得/買収 of Scotsman in 1999 sent 負債 急に上がるing and led to 管理/経営 'infighting'. New 長,指導者 (n)役員/(a)執行力のある Andrew Allner has 削減(する) 負債 from £494m to £226m - but market value has dropped to £178m.

The US 操作/手術s appear to be doing 井戸/弁護士席, and Enodis has cash flow and 7% of the world 'food service' market. But it still has the Kysor 解雇する/砲火/射撃 to put out and 収容する/認めるs that bringing 負かす/撃墜する 負債 remains 'a 優先'.

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