Electrolux earnings recover strongly

Eastern Europe shows growth in sales while Russia remains volatile

Good sales wash through Electrolux accounts. Pic: Getty

Electrolux President and CEO Keith McLoughlin has commented on the earnings recovery in its major business areas saying demand for appliances continues to grow in all markets.

As well as Western Europe, growth is particularly strong in the Nordics, Spain and the UK.

"Most markets in Eastern Europe, outside of Russia and Ukraine, also showed positive growth. This market showed good organic growth and managed to profitably grow its market share. Segments within ...