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: Strong Sales In Americas Offset Weak European Appliance Market
Feb 5, 2013
 Printable format
 Email this Article
 Search

Swedish-based appliance maker Electrolux had a fourth quarter net sales increase of 2.9%, strong earnings in North America and record earning in Latin America offsetting a weak market in Europe.

Electrolux had fourth quarter 2012 net sales of SEK 29,185 million (approx. US$4.6 billion), compared to SEK 28,369 million in the fourth quarter of 2011. Income in 4Q 2012 was SEK 292 million (approx. $46 million), compared to SEK 221 million in 4Q 2011. Net sales improved by 2.9%, of which 7.5% was organic growth and -4.6% changes in exchange rates.

President and CEO Keith McLoughlin noted that fourth quarter organic growth of 7.5% was a record-high for Electrolux.

The growth rate for the full-year 2012 was 5.5%," McLoughlin said. "Operations in North America and Latin America, which currently account for 50% of total sales, showed strong sales and earnings growth, primarily attributable to a continued positive volume trend and improvements in price/mix. Operations in Europe suffered from weak consumer confidence with falling volumes and negative country mix."

McLoughlin said price/mix improvements in North America contributed to fourth quarter sales growth. "Operations in North America reported yet another quarter of volume growth, thereby yielding an improved market share for the full-year 2012," McLoughlin said. "Although the market development in 2012 did not meet our expectations of a year ago, we anticipate growth in the North American market in 2013, supported by a gradual recovery in the housing market."

McLoughlin added: "In 2013, we believe that the weak market in Europe will be offset by growth in North America and the emerging markets.

Back to Daily News

 

Daily News

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

Apr 24, 2014: BSH Annual Revenue Tops EUR 10 Billion for First Time

Apr 24, 2014: New Home Sales Show Sharp March Drop

Apr 24, 2014: Ingersoll Rand HVAC Segment Reports Strong 1Q

Apr 24, 2014: ASHRAE 2014 Annual Conference Announced For Seattle

Apr 23, 2014: Bosch Home Appliances Garners EPA Energy Star Partner of the Year - Sustained Excellence Award

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows