STOCKHOLM–(BUSINESS WIRE)–Regulatory News:
Electrolux (STO:ELUXA) (STO:ELUXB)
Highlights of the first quarter of 2016
· Net sales amounted to SEK 28,114m (29,087).
· Organic sales growth was 1.8% and acquired growth was 0.1%, while
currency translation had a negative impact of -5.2% on net sales.
· Improved results across most business areas.
· Strong results for Major Appliances EMEA and Professional Products.
· Continued recovery for Major Appliances North America.
· Operating income increased to SEK 1,268m (516), corresponding to a
margin of 4.5% (1.8).
· Income for the period was SEK 875m (339), and earnings per share was
SEK 3.04 (1.18).
Telephone conference 09.00 CET
A telephone conference is held at 09.00 CET today, April 28. The
conference will be chaired by Jonas Samuelson, President and CEO of
Electrolux. Mr. Samuelson will be accompanied by Anna Ohlsson-Leijon,
Details for participation by telephone are as follows:
Participants in Sweden should call +46 8 505 564 74
Participants in UK/Europe should call +44 203 364 5374
Participants in US should call +1 855 753 2230
Slide presentation for download:
Link to webcast:
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 April 28, 2016
Electrolux is a global leader in home appliances and appliances for
professional use, based on deep consumer insight. We offer thoughtfully
designed, innovative and sustainable solutions, developed in close
collaboration with professional users. The products include
refrigerators, ovens, cookers, hobs, dishwashers, washing machines,
vacuum cleaners, air conditioners and small domestic appliances. Under
esteemed brands including Electrolux, AEG, Zanussi, Frigidaire and
Electrolux Grand Cuisine, the Group sells more than 60 million products
to customers in more than 150 markets every year. In 2015, Electrolux
had sales of SEK 124 billion and 58,000 employees. For more information
go to www.electroluxgroup.com
This information was brought to you by Cision http://news.cision.com
Catarina Ihre, Vice President Investor Relations
(0)8 738 60 87
Merton Kaplan, Analyst Investor Relations
(0)8 738 70 06
Electrolux Press Hotline
+46 8 657