Electrolux has posted a strong third-quarter performance, with operating profits more than doubling year-over-year—thanks largely to a revitalized North American business. The Swedish appliance giant, whose portfolio includes household names like Frigidaire and AEG, reported operating earnings of 890 million kronor ($94.5 million), up from 349 million kronor in the same period last year.
This impressive leap was fueled by a 5% organic sales increase, driven primarily by double-digit growth in North America. After years of grappling with high production costs, plant inefficiencies, and intense competition, Electrolux’s U.S. operations have turned a corner—gaining market share and helping to offset rising customs duties.
“Despite a pressured price environment, we were able to offset most of the cost increases related to US customs duties in the third quarter,” said CEO Yannick Fierling, highlighting the company’s resilience and strategic progress.
Tag Archives: Global
Aucma: Plans to build a new smart manufacturing plant in Indonesia
Aucma announced that the company plans to build a new intelligent manufacturing factory in Indonesia with an annual output of 500,000 refrigerators.Founded in Qingdao in 1987, AUCMA covers smart cold chain equipment manufacturing and sales, smart home appliances, smart home manufacturing and sales, smart community services, international trade and cross-border e-commerce services.
Listed on the Shanghai Stock Exchange in 2000, AUCMA is the world’s leading manufacturer of refrigeration home appliances and full cold chain products, with the world’s leading refrigeration core technology, a national industrial design center and intelligent manufacturing interconnected factory, products sold to more than 100 countries and regions in the world. AUCMA was selected as China’s top 500 manufacturing industry, China’s top 100 light industry, Asia’s top 500 brands, and China’s 500 most valuable brands many years.
Haier recognized as the No.1 Global Major Appliances
Haier has set an industry benchmark by earning the prestigious title of Global No. 1 major appliances for the 15th consecutive year by Euromonitor International. The brand has achieved this milestone with the help of its remarkable sales of refrigerators, washing machines, freezers, and electric wine coolers. Haier has continued with its mission to establish itself as a world-leading ecosystem brand,According to the data released by Euromonitor in 2023, Haier is the:
No.1 brand of refrigeration appliances in the world in volume sales for 16 consecutive years No.1 brand of home laundry appliances in the world in volume sales for 15 consecutive years No.1 brand of wine coolers in the world in volume sales for 14 consecutive years No.1 brand of freezers in the world in volume sales for 13 consecutive years
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