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