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.


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