Content about Keith McLoughlin

April 25, 2013

Supported by the recovery in the housing market, the Electrolux North American appliance business generated strong sales and earnings growth.

Electrolux reported that sales in North America were $1.2 billion, a 12% increase from the first quarter of last year. 

“We are seeing evidence that the recovery in the housing market is finally generating increased consumption of appliances,” said president and CEO Keith McLoughlin. “As such, our view is that demand for appliances could increase with 3% to 5% in 2013.” 

October 23, 2012

Swedish appliance manufacturer Electrolux reported a 5.9% sales increase in its third quarter, with sales of 27.1 billion Swedish krona, or $4.1 billion.

“In the third quarter, Electrolux recorded a significant year-on-year improvement in its sales and earnings despite considerable uncertainty in markets across the globe,” said CEO Keith McLoughlin.

All business areas with the exception of Europe achieved an operating margin above 6%.