Electrolux enjoy 19% rise in profits

Home appliance maker Electrolux said today that its profits increased by 19% in third quarter, with sales growing in all markets expect Europe.

The Swedish company said net profit rose to 983m krona (€114m) from 826m krona (€96m) in the same quarter last year. Total sales climbed 6% to 27.2bn krona (€3.17bn).