Electrolux Sales Up On Organic Growth and Acquisitions
Swedish-based appliance giant Electrolux reported first quarter 2012 net sales of approx. US$3,835 million, up from approx. $3,474 million in the first quarter of 2011. Income in the first quarter was approx. $83 million, up from approx. $68 million in 1Q 2011.
“The record-high sales growth was not only attributable to acquisitions, but was also driven by strong organic growth, especially in Latin America,”” said President and CEO Keith McLoughlin. “In North America, we are seeing that our price