Europe News

What the CEOs Are Saying

CEOs from around the globe have their say, from what is going on in the retail sector to how the global slowdown is effecting earnings:

Ikea CEO & President Andres Dahlvig on Power Lunch Europe

“I think we will continue to have a hard time for some time to come. It’s not only that the housing market is down and we see declining consumption … increasing housing costs, energy costs and food costs are taking an increasing share of the wallet.”

Video: Ikea CEO on Falling Sales

Royal Philips Electronics CFO Pierre-Jean Sivignon on Squawk Box Europe

“We expect continued strong growth of consumers in emerging markets … we had double digit growth across the whole portfolio of Philips including the consumer portfolio in emerging markets. At this point we are not seeing or expecting a slowdown of consumer sentiment in the emerging markets.”

Video: Philips CFO Stays Positive

First Artist CEO John Smith on Power Lunch Europe 

“We’re not impervious to what goes on around us, but we’re slightly recession proof.”

Video: First Artist CEO on Loss