- Electrolux President and CEO Keith McLoughlin’s comments on the results for the third quarter 2014
Electrolux President and CEO Keith McLoughlin’s comments on the results for the third quarter 2014
Continued earnings recovery
In the third quarter of 2014, the Group’s operating income increased by almost 30% to SEK 1.4 billion compared with the same period in 2013, and cash flow after investments improved by SEK 600 million to SEK 1.6 billion. The main factor behind this result is a strong operational recovery in Europe. The Latin American and Asia/Pacific operations performed well in challenging macro-economic conditions. Our sales and earnings in North America remain at a good level and continue to strongly contribute to the Group’s overall result.
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