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100 gizmos coming as firm eyes Singapore, Philippines, India and China
SINGAPORE -- Dyson, known for its bagless vacuum cleaners and bladeless fans, wants to develop, make, and sell a lot more products in Asia.
It didn't take long for the home appliance maker, founded in 1993, to become a household name. Its cord-free models are the top-selling vacuum cleaners in many developed markets and have grabbed the hearts of the middle classes in emerging economies.
The brand is now entering an expansion phase, and founder James Dyson wants to tap the potential of growing Asia.
The Malmesbury, England-based company on Monday revealed an impressive 2016 performance: a 45% jump in sales to 2.5 billion pounds ($3.11 billion) and a 41% increase in earnings before interest, tax, depreciation and amortization, or Ebitda, to 631 million pounds. "2016 was one of our best years yet," Chief Executive Max Conze said in a news release.
It didn't take long for the home appliance maker, founded in 1993, to become a household name. Its cord-free models are the top-selling vacuum cleaners in many developed markets and have grabbed the hearts of the middle classes in emerging economies.
The brand is now entering an expansion phase, and founder James Dyson wants to tap the potential of growing Asia.
The Malmesbury, England-based company on Monday revealed an impressive 2016 performance: a 45% jump in sales to 2.5 billion pounds ($3.11 billion) and a 41% increase in earnings before interest, tax, depreciation and amortization, or Ebitda, to 631 million pounds. "2016 was one of our best years yet," Chief Executive Max Conze said in a news release.
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