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Electrolux shares surge as North America pick-up drives strong third quarter profit
Yahoo Finance· 2025-10-30 18:09
By Greta Rosen Fondahn STOCKHOLM (Reuters) -Electrolux's profit more than doubled in the third quarter, driven by a recovery in its North American business and as it mostly managed costs related to U.S. tariffs, sending its shares up sharply. The Swedish home appliance maker said its North American business, which struggled for years with high costs, underperformance at its factories and tough competition, gained market share in the quarter. Its shares were 15% higher at 0837 GMT on track for their bigg ...
Electrolux Q3 profit jumps as North America business picks up
Yahoo Finance· 2025-10-30 15:03
STOCKHOLM (Reuters) -Swedish home appliances maker Electrolux said on Thursday profit more than doubled in the third quarter as its North America business kept recovering and managed to mostly compensate for higher U.S. trade tariff costs. The group, whose brands also include Frigidaire and AEG, said operating profit rose to 890 million crowns ($94.5 million) from a year-earlier 349 million on organic sales growth of 5%, mainly driven by double-digit organic sales growth in North America. Analysts had on ...