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Electrolux Q2 profit rises on EU demand

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Stockholm: Swedish-based home appliance maker Electrolux said its second quarter net profit climbed 22 per cent, citing higher demand in Eastern Europe and the United States. The net profit of 1.3 billion kronor ($157 million) compared to 1 billion kronor in the same business period a year ago.


Year-on-year net sales rose 5.1 per cent to 31.5 billion kronor, according to the company that makes refrigerators, freezers, dishwashers and other appliances. Chief executive Jonas Samuelson said the overall European market was ”solid,” although Britain was an exception. — dpa


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