Cleaning & Restoration Breaking News

Electrolux 3Q Profit Decreases

STOCKHOLM, Sweden – Oct. 22 --(AP) - Swedish appliance maker Electrolux on Tuesday posted a 36 percent drop in third quarter net profit and predicted market demand in Europe and North America would be flat or slightly lower for the rest of the year.

Third-quarter net profit was 1.24 billion kronor ($133 million), compared with 1.93 billion kronor in 2001.

Sales in the three-month period ended Sept. 30 fell 3.2 percent to 31.8 billion kronor ($3.4 billion) from 32.8 billion kronor in 2001.

The Stockholm-based company, which makes refrigerators, vacuum cleaners and lawn mowers, expects demand in Europe and North America would be "flat or slightly down" for the rest of the year, Chief Executive Hans Straaberg said. In the second quarter report, Straaberg had said demand would be flat for the remaining part of the year.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

The 2014 Experience Conference and Exhibition

A look in photos at the 2014 Experience Conference and Exhibition, which was held from April 24-26 at the Embassy Suites Convention Center and Spa in Frisco, Texas.

Podcasts

Beginning April 21, Google will start judging websites based on their mobile friendliness. What exactly does this mean to you cleaning website? Find out in the latest edition of The Hitman Advertising Show, which will also cover tips and suggestions on getting mobile compliant.
More Podcasts

ICS Cleaning Specialist Magazine

CoverImage

2015 April

The April ICS issue features content on concrete polishing, green cleaning, air duct cleaning, injection sprayers and new products.

Table Of Contents Subscribe

Janitorial Work

In addition to residential and commercial carpet cleaning, do you do any janitorial work on the side?
View Results Poll Archive

THE ICS STORE

FinalCover.gif
The Carpet Cleaner's Book of Unlimited Success! (ebook)

Don’t worry about the recession or about your competition.  Now you can be the owner of over 400 ways for carpet cleaning professionals to make more money and get more jobs!

More Products

ICS DIRECTORY AND BUYING GUIDE

Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view

STAY CONNECTED

facebook_40.png twitter_40px.png youtube_40px.png

TRUCKMOUNT EQUIPMENT AND ACCESSORIES GUIDE

Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view