Arab Today, arab today electrolux profits triple after massive costcutting programme
Last Updated : GMT 06:58:51
Arab Today, arab today
Arab Today, arab today

Electrolux profits triple after massive cost-cutting programme

Arab Today, arab today

Arab Today, arab today Electrolux profits triple after massive cost-cutting programme

An Electrolux washing machine
Stockholm - AFP

Swedish white goods maker Electrolux said Wednesday its profits tripled in 2014 as it looks to North America for growth with the acquisition of General Electrics' appliance division.
Electrolux's annual earnings soared to 2.24 billion kronor ($273 million dollars, 240 million euros).
The company had struggled to turn a profit for 18 months before its cost-cutting programme -- including about 2,000 layoffs -- turned results around in the third quarter last year.
"The initiatives to restore profitability in our operations in Europe continue to show good results," chief executive Keith McLoughlin said in a statement.
With its purchase of GE Appliances, the Swedish is looking to get a bigger share of the US market, where it recorded an 8-percent rise in demand for white goods in the fourth quarter of 2014.
Electrolux predicted it will grow faster in North America than in Europe this year.
Annual turnover increased by 3 percent to 112.1 billion kronor.
In mid-morning trading, Electrolux's shares jumped 9.6 percent on the Stockholm Stock Exchange.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today electrolux profits triple after massive costcutting programme Arab Today, arab today electrolux profits triple after massive costcutting programme

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today electrolux profits triple after massive costcutting programme Arab Today, arab today electrolux profits triple after massive costcutting programme

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday