Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Electrolux Posts Q1 Loss
Apr 23, 2009
 Printable format
 Email this Article
 Search

Electrolux AB posted a first-quarter net loss of 346 million kronor (approx. US$40 million), due to one-time costs in marketing and plant shutdowns in Russia and China. Electrolux attributed the one-off items to marketing investments, costs related to plant shutdowns in China and Russia, as well as the overhaul of an Italian washing machine plant, which it said is making more efficient.

Electrolux also said that demand for appliances will continue to drop in 2009 in its main markets in North America, Europe, and Latin America. Hans Straber, Chief Executive, called the market developments "dramatic," but emphasized the group's strong cash-flow, saying it will allow his company to take advantage of opportunities once demand picks up again. He also said that cost-saving measures -- including staff cuts, moved production and lower manufacturing costs -- are paying off, but that caution is still needed. "The challenge for us right now is to strike the right balance between the brakes and the gas pedal in order to stand strong when demand turns around," he said.

Back to Daily News

 

Daily News

...........................................................

Nov 21, 2014: Electrolux: new U.S. fridge efficiency requirements are more complex than anticipated

Nov 21, 2014: Whirlpool brand launches Perceptions of Care video

Nov 21, 2014: Hon Hai 3Q profit $1 billion

Nov 21, 2014: Environmental Product Declarations for aluminum product types released

Nov 20, 2014: Report: Drop in affluents' consumer confidence may foretell signal trouble ahead for some retailers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows