Interim Report Q2 2013 Results Presentation

Highlights of the second quarter of 2013

  • Net sales amounted to SEK 27,674m (27,763) and income for the period was SEK 642m (701), or SEK 2.24 (2.44) per share.
  • Organic sales growth was 5.9%, while currencies had a negative impact of –6.2%.
  • Latin America reported an organic growth of 18%.
  • The North American core appliances market was up by approximately 9% in the quarter and Electrolux continued to gain market share in its core categories.
  • North America reached an operating margin of 8% as a result of increased volumes and improvements in price and mix.
  • In Europe, lower volumes and prices as well as negative currency movements impacted results negatively.
  • Negative impact from currencies by SEK –181m impacted earnings for Europe and Latin America.
  • Operating cash flow improved substantially over the first quarter of 2013 and amounted to SEK 2.5 billion.