Strong North America, Weak Europe
Supported by a gradual recovery in the market, the Electrolux North American appliance business generated strong sales and earnings growth. Results in Latin America, Europe and Small Appliances were all impacted by negative currency movements. Operations in Latin America and Asia presented yet another quarter of solid sales growth. In Europe, however, all of our operations continued to suffer from weak consumer confidence, resulting in falling volumes and negative price and mix development.