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