Q4 15 earnings were impacted by SEK1,659m of costs (o/w a termination fee of SEK1,493m paid to General Electric) related to the non-completion of the acquisition of GE Appliances in the US. +Q4 15 figures+ Group sales reached SEK31.8bn, +1.3% including a positive currency effect of +1%. Sales were fairly flat organically considering the strong organic growth in the Major appliances Europe/Middle East/Africa (+6.1%) and North America (+4.2%) and the drop in Latin America (-10.7%) and Asia/Paci

28 Jan 2016
Earnings significantly impacted by the cancelled GE Appliances acquisition

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Earnings significantly impacted by the cancelled GE Appliances acquisition
Electrolux AB Class B (ELXC:FRA) | 0 0 (-0.4%) | Mkt Cap: 82,602m
- Published:
28 Jan 2016 -
Author:
Hélène Coumes -
Pages:
3 -
Q4 15 earnings were impacted by SEK1,659m of costs (o/w a termination fee of SEK1,493m paid to General Electric) related to the non-completion of the acquisition of GE Appliances in the US. +Q4 15 figures+ Group sales reached SEK31.8bn, +1.3% including a positive currency effect of +1%. Sales were fairly flat organically considering the strong organic growth in the Major appliances Europe/Middle East/Africa (+6.1%) and North America (+4.2%) and the drop in Latin America (-10.7%) and Asia/Paci