Household appliance manufacturer Whirlpool has reported net sales growth of 31.7% to $5,324million in its Q2 financial results.

Chairman and chief executive officer Marc Bitzer

It follows on from strong financial results in Q1 which the company said was driven by sustained consumer demand and cost-based pricing actions.

In Q2, the appliance manufacturer delivered cash provided by operating activities of $646million and free cash flow of $769million, primarily driven by strong earnings.

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However, completion of a partial tender offer for its China business and divestiture of its Turkey subsidiary also contibuted to free cash flow.

Chief financial officer of Whirlpool Corporation Jim Peters commented: “We delivered double-digit revenue growth, expanded EBIT in every region across the globe, and generated significant cash flow while navigating a challenging macroeconomic environment.”

In terms of the Europe, Middle East and Africa (EMEA) region, net sales (excluding currency impact) grew by 38.8% to $1,250million and the EBIT margin was 2.5%.

President of Whirlpool EMEA and executive vice president of Whirlpool Corporation Gilles Morel stated: “Our profitable results continue to reflect the successful execution of our long-term strategic initiatives and the operational excellence of our 18,000 Whirlpool EMEA people.”

Speaking about the company’s overall financial performance in the second quarter, chairman and chief executive officer of Whirlpool Corporation Marc Bitzer stated: “Our Q2 results together with our record performance over the past three years impressively demonstrate our ability to perform in a volatile environment.”