Electrolux to Deepen Cost Cuts

Swedish appliance maker Electrolux on Tuesday topped analyst profit forecasts for the first quarter of 2010 and said it was upbeat for this year as its main markets recovered.The world's second biggest white goods maker behind Whirlpool of the US, Electrolux said its net profit for the January-March period was 911 million Swedish Kronor (95 million euros, 127 million dollars), more than reversing a year-earlier loss of 346 million kronor.Analysts surveyed by Dow Jones Newswires had expected a net profit of 609 million kronor.

Home appliance maker Electrolux reports a 93% rise in three-month profits, helped by cost-cutting and higher prices.

Electrolux, a leading global maker of household appliances, posted Thursday a 48-percent plunge in net profit in 2011, as price pressure, high material prices and weak demand hit earnings."The appliance market in the fourth quarter of 2011 remained very competitive. The headwinds of price pressure, higher raw-material costs and weak demand grew stronger as the year progressed," chief executive Keith McLoughlin said in a statement.He said these factors negatively impacted earnings by three billion kronor (339 million euros, $445 million).

AP - Swedish appliance maker Electrolux AB on Wednesday said it made a profit of 664 million kronor ($92 million) in the fourth quarter, boosted mainly by price increases on its products as well as previously made cost cuts.

Electrolux, the world's second largest household appliance company, on Wednesday posted annual profits and dividend up more than 50 percent, but said 2011 would provide only "modest" growth amid rising costs for raw materials.Thanks to the economic recovery seen in many countries last year as well as several plant closures, the Swedish company said its net profit jumped 53 percent to 4.0 billion kronor (453 million euros, 627 million dollars) last year.

STOCKHOLM (AP) -- Swedish appliance maker Electrolux AB saw its profits plunge in the fourth quarter in an increasingly competitive market as the pressure on prices increased and the sector was hit by higher raw-material costs and weaker demand....

[AP] - Swedish home appliance maker Electrolux AB said third-quarter net profits fell 15 percent because of slacker sales in Europe and North America, higher raw material costs and more spending on marketing.

AP - Swedish home appliance maker Electrolux AB said third-quarter net profits fell 15 percent because of slacker sales in Europe and North America, higher raw material costs and more spending on marketing.