Breaking News

Electrolux posts 59 percent increase in second-quarter net profit

July 18, 2002
/ Print / Reprints /
/ Text Size+
STOCKHOLM, Sweden (AP) - Swedish appliance maker Electrolux on Thursday posted a 59 percent increase in second-quarter net profit but said it expects to see flat demand in the second half of the year.

Net profit for the three months ended June 30 rose to 1.85 billion kronor (dlrs 201 million) from 1.16 billion kronor a year earlier.

Sales fell slightly to 37.22 billion kronor (dlrs 4.1 billion) from 37.46 billion kronor. Group operating margin rose to 7.3 percent in the second quarter from 5.4 percent in the same quarter of 2001.

Electrolux chief executive Hans Straaberg said the major part of the improvement in operating profit during the first half of the year was due to increased demand in the United States.

"The U.S. market showed a somewhat stronger upturn than expected, while demand in Europe was slightly weaker and in line with our expectations," he said in a statement.

Operating profit for consumer durables in North America in the second quarter rose to 1.34 billion kronor (dlrs 146 million) from 685 million kronor a year earlier.

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.



Image Galleries

The 2013 Experience Convention & Trade Show

A look back in photos at the 2013 Experience Convention & Trade Show in Las Vegas.


ICS Cleaning Specialist Magazine


2014 April

Take a look at the April 2014 issue with features on air movers, going green, carpet cleaning and new products & technologies.

Table Of Contents Subscribe

Social Media

Social media is a good way to regularly keep in touch and interact with current clients and reach potential ones. What social mediums do you use in your cleaning/restoration business?
View Results Poll Archive


Get Paid! book cover
Get Paid! (ebook)
Over 30 authors – over 40 articles…from attorneys, contractors, consultants, instructors and others, both inside and outside the restoration industry. R & R, C & R and Cleanfax, opened their archives and gave us the best they had, other chapters were created just for the “Get Paid!” book and its readers. And every one of them has ideas for how to get paid what you are owed.

More Products


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

Click here to view


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

Click here to view


facebook_40.png twitter_40px.png youtube_40px.pngcrc logo