Electrolux AB on Thursday announced it will split its business area covering Europe, Asia-Pacific, the Middle East, and Africa into two separate regions.
The move, aimed at strengthening customer focus in the Asia-Pacific market, comes about two years after the company merged the units as part of a broader restructuring.
"To place our customers even more firmly at the center of everything we do, we are implementing changes within the Business Area Europe, Asia-Pacific, Middle East, and Africa," President and CEO Yannick Fierling said.
"It will be divided into Region Europe, Middle East and Africa (EMEA) and Region Asia-Pacific (APAC)."
The announcement accompanied third-quarter results showing operating profit more than doubled to 890 million Swedish kronor from 349 million kronor a year earlier.
This improvement was mainly driven by a strong performance in North America, where the company has been focused on a turnaround, according to Electrolux.
Net sales for the quarter fell to 32.3 billion Swedish kronor from 33.3 billion kronor, while organic sales grew 4.6%.
The company said net income was 192 million Swedish kronor, compared with a loss of 235 million kronor in the same period last year.
Electrolux also lowered its full-year capital expenditure forecast to between 3.5 billion and 4 billion Swedish kronor.
More from this issuer
Related coverage
Electrolux AB reported a higher second-quarter profit as its North American business returned to profitability, offsetting weaker performance in Europe.