It was a thumbs up on the stock market for Electrolux, despite a decrease of profit in the first quarter.
shares jumped 9.3 percent, then the result despite everything was better than expected.
The company also makes a forecast of growth in the appliance market in Europe and North America, which contributes to the urge for shares – which took a good beating in the spring due to questions about the development of sales in the US .
The market growth in the US is expected this year to 3-5 per cent, while the European market is expected to grow by 1-2 percent.
Electrolux profit before tax for the first quarter ended 450 million crowns. That compares with profit of SEK 575 million in the corresponding period of 2014.
The result was better than expected. Analysts had on average expected a profit before tax of SEK 196 million, according to a Reuters poll.
Sales took off to 29.087 billion crowns, compared with 25 SEK 629 million a year earlier. The entire increase of almost 14 percent due to exchange rate changes.
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