STOCKHOLM (Reuters) -Sweden’s Electrolux, the globe’s second-biggest home appliances manufacturer, reported on Friday a smaller sized third-quarter changed operating earnings than anticipated however claimed losses at its North America company tightened.
Operating earnings omitting non-recurring things enhanced to 717 million crowns ($ 67.8 million) from a year-earlier 314 million, versus a mean projection in an LSEG survey of experts of 855 million.
Including one-off expenses, running earnings was up to 349 million crowns from 608 million.
“While market conditions remained challenging in Europe and North America, we continued to make progress on our cost initiatives,” CHIEF EXECUTIVE OFFICER Jonas Samuelson, that is relinquishing the task at the end of the year, claimed in a declaration.
($ 1 = 10.5704 Swedish crowns)
(Reporting by Marie Mannes, editing and enhancing by Anna Ringstrom)
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