Electrolux Posts Strong North American Sales

TWICE Staff On Jul 19 2013 - 11:25am




Stockholm – Electrolux’s North American sales and earnings helped the white goods giant post earnings of 642 million Kronor on sales of 26.7 billion Kronor for the second quarter.

This figure was down slightly from the same period in 2012, but company executives were upbeat for the both the North American and European markets.

Electrolux president and CEO Keith McLoughlin called North America  second quarter earnings strong and he is anticipating U.S. demand for appliances will increase 5-7 percent for the second half of 2013 powered by the expanding housing market.

The same could not be said for the European market. McLoughlin expects continued rough sailing, however, conditions could improve slightly in the second half.

Alert to All Users of the Disqus commenting system:

Because of a recent global security issue, the Disqus website recommends that all users change their Disqus passwords. Heres a URL about the issue:

http://engineering.disqus.com/2014/04/10/heartbleed.html

 

 

 

 

Connect

 

PHOTOS

Enjoy the greatest pictures taken from famous shows and events this year.

Current Issue

Webcast

This TWICE webinar,  hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.