Swedish home appliance maker Electrolux has warned that it is being held back by a global semiconductor shortage, and flagged rising raw material prices as it posted better-than-expected first quarter earnings.
Swedish Finance Minister Magdalena Andersson has expressed anger after it was revealed that some of Sweden's largest multinational corporations pay little or no corporate tax.
Swedish appliance giant Electrolux celebrated on Thursday after it saw its first quarter profit more than double from a year ago thanks to robust markets in western Europe and the US.
Swedish giant Electrolux saw net profit plummet by nearly a third when it wrapped up a year marked by the failed acquisition of General Electric's appliance business with a final-quarter loss.
Swedish and international staff working at white goods giant Electrolux are getting a new boss after Keith McLoughlin announced his retirement following a turbulent few months for the firm.
Swedish and international staff at white goods giant Electrolux are feeling jittery after the company said it would be cutting jobs at the firm's headquarters in Stockholm, following a failed deal with US company General Electric (GE).
UPDATED: Shares in Swedish white goods giant Electrolux plummeted on Monday morning after US firm General Electric, which was poised to sell its appliance division to the Nordic firm, cancelled the agreement.
Swedish giant Electrolux's attempt to snap up General Electric's appliance business has been met with a lawsuit by US antitrust officials, saying the $3.3 billion deal would harm consumers.
Swedish appliance giant Electrolux has denied a report that its American chief executive Keith McLoughlin is resigning to reunite with his family in the US.
Swedish white goods maker Electrolux announced on Wednesday that its profits tripled in 2014, as it looks to North America for growth with the acquisition of General Electrics' appliance division.
Swedish electrical appliance maker Electrolux reported its third-quarter net profit soared 42 percent to 933 million kronor ($130 million) thanks to a cost-cutting programme started at the end of last year.
UPDATED: Swedish company Electrolux has agreed a huge deal with US appliance business General Electric Co as part of a plan to boost its presence in North America.
Swedish home appliance maker Electrolux reported a loss in the second quarter 2014 citing weaker demand during the World Cup and weaker sales in Asia, Australia and Latin American markets.
Electrolux posted better-than-hoped-for profits on Friday, bouncing back from losses last year when the Swedish home appliance maker let 2,000 employees go.
Swedish home appliance giant Electrolux blamed a weak European market on Friday for fourth-quarter losses that were wildly beyond analysts' expectations.
Swedish home appliance maker Electrolux plans to slash 2,000 jobs on the heels of disappointing third quarter results, the company announced on Friday.
Swedish home appliance maker Electrolux said on Thursday it was temporarily closing its factories in Egypt due to the violence in the country, while other firms with Swedish ties like Ericsson and Ikea have also been affected by the situation.
Swedish home appliance maker Electrolux reported a fall in second quarter profits in the second quarter on Friday, citing difficulties in European markets.
Swedish homeware appliance giant Electrolux posted on Thursday a 28-percent drop in net profit for the first quarter, following a sluggish demand in Europe and a strong krona.
The Swedish homeware appliance giant Electrolux released worse than expected profit results on Friday, but said "organic growth" was strong despite pressure from the tough European sales climate.
The Swedish appliance maker Electrolux said Wednesday that its first quarter net profit jumped by 23 percent from the same period a year earlier owing to solid demand from emerging markets.
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.
Swedish household appliance-maker Electrolux on Tuesday reported a profit slump because of high materials prices and weak demand, and warned of difficult trading conditions for the rest of the year.
