20.10.2014 - Electrolux increased its profit by 42%
The Swedish company Electrolux announced profit growth by 42% in the last quarter. The reason for this result was the growth of sales in Europe, despite the difficult market conditions. It is worth recalling that the index of consumer confidence in the euro area in recent quarters has dropped significantly, but the company was able to get 129.8 million dollars in profit in the quarter that ended in September. At the same time, revenues grew by only 6%. Among the latest news of the company is also worth noting the previously announced purchase of the business of producing household appliances of General Electric, which will double the company's market share in the United States. We expect price growth of the company in the medium term and maintain a positive outlook with growth potential up to 20% for the year.