President and CEO Keith McLoughlin’s comments on the results for the third quarter 2015
Organic growth and cost efficiency contributed to earningsElectrolux operating income amounted to SEK 1.5 billion in the third quarter of 2015, an increase of 8% year-over-year. Our largest business areas, Major Appliances EMEA and Major Appliances North America, which together comprise 65% of the Group’s sales, achieved good organic growth and strong improvement in earnings. Professional Products continued to perform well. The weak macro-economic environment in Brazil had a negative impact on Major Appliances Latin America. The Group had a strong cash generation of SEK 3.2 billion in the