Highlights of the second quarter of 2015
- Net sales increased to SEK 31,355m (26,330).
- Sales increased by 19.1%, of which 7.0% was organic sales growth, 0.1% acquisitions and 12.0% currency translation.
- Organic sales growth across all business areas.
- Major Appliances EMEA continued to show strong improvement in earnings.
- Sequential improvement of results for Major Appliances North America.
- Good development for Professional Products and Major Appliances Asia/Pacific.
- Strong cash flow of SEK 3.1 billion.
- Operating income amounted to SEK 921m (63), corresponding to a margin of 2.9% (0.2).
- Income for the period was SEK 608m (-92), and earnings per share was SEK 2.12 (-0.32).
Telephone conference 09.00 CET
A telephone conference is held at 09.00 CET today, July 17. The conference will be chaired by Keith McLoughlin, President and CEO of Electrolux. Mr. McLoughlin will be accompanied by Tomas Eliasson, CFO.
Details for participation by telephone are as follows:
- Participants in Sweden should call +46 8 505 564 74
- Participants in UK/Europe should call +44 20 336 453 74
- Participants in US should call +1 855 753 22 30
Slide presentation for download:
Link to webcast:
For further information, please contact:
- Catarina Ihre, Vice President Investor Relations at +46 (0)8 738 60 87
- Merton Kaplan, Analyst Investor Relations at +46 (0)8 738 70 06
- Electrolux Press Hotline, +46 8 657 65 07.
Electrolux discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.00 CET on July 17, 2015