Tuesday, 07 December 2021 02:56 GMT

Swedish Electrolux profits up 20 percent in Q4


(MENAFN) Swedish home-appliance maker Electrolux said its gains have exceeded expectation, posting a 20 percent increase in operating income in the fourth-quarter period of 2014, Xinhua reported.

The company has reported a total of USD180 million in operating income compared to the forecasted USD173 million. The strong result placed Electrolux in a good position to continue to grow profitably in 2015.

"Cost savings in combination with higher efficiency in the production and an active product portfolio management led to a significant improvement in the operating income," president and CEO said.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.