Electrolux AB (ELUXb.ST)
15 Dec 2017
STOCKHOLM Electrolux , one of the world's biggest home appliance makers, is launching an 8 billion Swedish crown ($950 million) investment drive to modernize its factories, especially in North America, to better compete with cheap Asian competition.
* Sees market growth in N America, Europe in 2018 (Adds CEO comment, detail, background, share)
STOCKHOLM Sweden's Electrolux expects its main home appliances markets to grow next year, with raw material costs rising at a slower pace than in 2017, it said on Thursday.
STOCKHOLM Swedish home appliance maker Electrolux reported a slightly bigger than expected rise in third-quarter operating earnings on Friday as a stronger product mix more than offset higher raw material prices.
* ELECTROLUX PRESIDENT AND CEO JONAS SAMUELSON'S COMMENTS ON THE RESULTS FOR THE THIRD QUARTER 2017
STOCKHOLM Home appliance maker Electrolux reported its best quarterly operating margin in almost seven years boosted by strong progress in its biggest market, North America, sending its shares up 6 percent to a record high.
STOCKHOLM, July 19 Home appliance maker Electrolux reported a bigger than expected rise in second-quarter operating earnings on Wednesday and lifted its market forecast for North America.
Home appliance maker Whirlpool is a bargain at $192 a share and could jump as much as 35 percent to $260 a share in the next year, according to a fund manager who owns the company's shares, Barron's reported.
* Says Best had net sales in 2016 of eur 42 million (around sek 400 million) and 450 employees