Tag Archives: Electrolux

Electrolux Net Grows 42 Percent in Q3


STOCKHOLM-Thanks to overall good market conditions throughout the world, Electrolux delivered a 42 percent jump in third-quarter net income, to SEK933 million (about $128.6 million, based on average currency values during the quarter). Net sales in the quarter, which ended on Sept. 30, came in at SEK28.8 billion (about $4 billion), increasing 6 percent. InMore »

Last updated: October 20, 2014

Electrolux Celebrates Vac Milestones

The Electrolux Ergorapido

CHARLOTTE, N.C.-The Electrolux Ergorapido cordless vacuum cleaner celebrated its 10th anniversary in August with the production of the 10 millionth Ergorapido. Since its launch in 2004, the Ergorapido has been sold in more than 70 countries around the world, according to an Electrolux statement. The United States has been its largest market, followed by JapanMore »

Last updated: September 11, 2014

Electrolux in Agreement to Buy GE Appliances


STOCKHOLM-Electrolux and General Electric have swung a deal whereby Electrolux will acquire GE’s appliance business for $3.3 billion. According to a joint statement from the two companies, the acquisition—described by Keith McLoughlin, Electrolux’s president and CEO, as “our largest ever”—will close on an unspecified date in 2015. It is expected to bolster Electrolux’s global applianceMore »

Last updated: September 8, 2014

Electrolux, GE in Talks for GE Majap Business


STOCKHOLM-Electrolux and General Electric are in discussions regarding a possible acquisition of GE’s major appliances business, according to statements from both parties. The Electrolux statement said that, while confirming the talks are taking place, no agreement has been reached yet and “there can be no assurances that an agreement will be reached. Any further announcementsMore »

Last updated: August 14, 2014

Electrolux Q2 Net Gains 27 Percent


STOCKHOLM-In spite of an overall sales decline, Electrolux bolstered its second-quarter bottom line by 27 percent to SEK815 million (about $124.3 million based on the conversion rate of Swedish kroners to U.S. dollars for the period). Expense controls provided some of the help to the bottom line in the quarter. Selling, general and administrative expensesMore »

Last updated: July 18, 2014

Electrolux Q1 Net Up 19.4 Percent


STOCKHOLM-Despite a relatively low sales gain—including flat sales performance from its North American region—Electrolux recorded a 19.4 percent increase in net income in its first quarter, to SEK431 million (about $66.8 million). Net sales edged up 1.2 percent to SEK25.6 billion (about $4 billion) in the quarter. Keith McLoughlin, Electrolux’s president and CEO, said theMore »

Last updated: April 25, 2014

Electrolux Posts Q2 Gains in North America


STOCKHOLM-Electrolux’s North American business set a record in second-quarter profit of $101 million, up 41 percent over the second quarter of last year. North American net sales totaled $1.3 billion, up 3 percent, in the quarter which ended on June 30. An Electrolux statement attributed the North American performance to improvements in price and productMore »

Last updated: July 19, 2013