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Electrolux Interim Report January-June 2015

Electrolux Interim Report January-June 2015

STOCKHOLM--(BUSINESS WIRE)--Jul 17, 2015--Electrolux AB (STO:ELUXA) (STO:ELUXB)

Highlights of the second quarter of 2015

?P Net sales increased to SEK 31,355m (26,330).

?P Sales increased by 19.1%, of which 7.0% was organic sales growth, 0.1% acquisitions and 12.0% currency translation.

?P Organic sales growth across all business areas.

?P Major Appliances EMEA continued to show strong improvement in earnings.

?P Sequential improvement of results for Major Appliances North America.

?P Good development for Professional Products and Major Appliances Asia/Pacific.

?P Strong cash flow of SEK 3.1 billion.

?P Operating income amounted to SEK 921m (63), corresponding to a margin of 2.9% (0.2).

?P 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:

www.electroluxgroup.com/ir

Link to webcast:

www.electroluxgroup.com/q2-2015

Electrolux is a global leader in home appliances, based on deep consumer insight and developed in close collaboration with professional users. We offer thoughtfully designed, innovative solutions for households and businesses, with products such as refrigerators, dishwashers, washing machines, cookers, 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 50 million products to customers in more than 150 markets every year. In 2014, Electrolux had sales of SEK 112 billion and 60,000 employees. For more information go to? www.electroluxgroup.com.

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

This information was brought to you by Cision http://news.cision.com

View source version on businesswire.com:http://www.businesswire.com/news/home/20150716006699/en/

CONTACT: Electrolux

Catarina Ihre

Vice President Investor Relations

+46 (0)8 738 60 87

or

Merton Kaplan

Analyst Investor Relations

+46 (0)8 738 70 06

or

Press Hotline

+46 8?657 65?07

KEYWORD: EUROPE SWEDEN

INDUSTRY KEYWORD: HOME GOODS RETAIL

SOURCE: Electrolux

Copyright Business Wire 2015

PUB: 07/17/2015 02:41 AM/DISC: 07/17/2015 02:41 AM

http://www.businesswire.com/news/home/20150716006699/en


Updated : 2021-09-29 05:05 GMT+08:00