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The net profit of Electrolux, the Swedish home appliance manufacturing company, declined by one third in 2018. Profit declined to $422 million, or SEK 3.805 billion. Diluted earnings declined to SEK 13.14 per share from SEK 19.88 a year earlier. The company's revenue increased by 2.8% year-on-year to $13.8 billion or SEK 124.129 billion. In the fourth quarter, Electrolux reduced earnings by 21.3% to SEK 1.575 billion or $175 million. Quarterly earnings per share fell to SEK 5.45 against SEK 6.92 in 2017. Quarterly revenue growth was 5.7%. In Europe, the demand for Electrolux products increased by 2% for the year. In the US, demand fell by 1%. A decrease in demand was noted in Brazil and Argentina, increase - in Chile. Electrolux is one of the leading manufacturers of household appliances in the world. The company produces 60 million products annually for consumers in 150 countries.
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
On Tuesday, the International Air Transport Association (IATA) announced that international airlines are in line to make a combined net loss of more than $84 billion this year due to the coronavirus crisis which has decimated air travel demand. According ...
Nike Inc (NKE.N) beat estimates for quarterly income on Tuesday as strong digital market covered the first China sales drop in nearly six years from the coronavirus-powered shutdowns, yet the company held back from providing an estimate forecast ...
The London Stock Exchange (LSE) said on Friday that it was “on track” to completing its takeover of the analytics company, Refinitiv, after a clearing activity led to a higher-than-expected annual income. According to LSE CEO David ...
The S&P 500 dropped to its lowest in two years on Monday when a sudden rise in coronavirus cases outside China caused investors to worry about valuation after the recent highs. The S&P 500’s 3.5% drop was its heaviest fall in ...
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