Electrolux | GlobalPost

Electrolux profits slide in weak European climate

Agence France-PresseApril 25, 2013 09:47

Electrolux, a leading maker of household appliances, reported on Thursday a 28-percent drop in net profit in the first quarter owing to the weak business climate in Europe and a strong krona. The Swedish company posted a net profit of 361 million kronor (42 million euros, $55 million) in the January to March period, while sales dipped by 2.0 percent to 25 billion. Those figures came in below the forecasts of analysts surveyed by Down Jones Newswires, who had predicted an average net profit of 519 million and sales of 26 billion.

Electrolux CEO sees no recovery in Europe market first half 2013

Thomson ReutersApril 25, 2013 03:30

STOCKHOLM (Reuters) - Electrolux <ELUXb.ST> does not expect the European appliances market to recover in the first half of 2013, but hopes positive signs in North America will start spreading to Europe in the second half, its chief executive told Reuters on Thursday. "I would said that we don't expect recovery in the first half," Chief Executive Keith McLoughlin said, adding that when the U.S. market starts to recover, Europe is typically "not that far behind".

Electrolux reports profit boost from emerging markets

Agence France-PresseFebruary 1, 2013 04:30

Electrolux, a leading maker of household appliances, reported on Friday a 26.0-percent leap in net profit for 2012 owing to strong performance in emerging economies and in North America. In 2012, the group made a net profit of 2.596 billion Swedish kronor (300 million euros, $409 million). In October and November, on a 12-month basis, net profit rose by 32.0 percent to 291 million kronor but this was far below the average figure forecast by analysts polled by Dow Jones Newswires who had expected 394.6 million kronor.