Q4 16 was rather in line with expectations despite some weakness at the top-line. Organic sales were down 3%, the operating income reached SEK1,616m (vs SEK-202m which included SEK-1,659m of extraordinary costs related to GE Appliances in Q4 15) and the operating margin was 5% of sales (vs 4.6% of sales restated in Q4 15). A significant increase in the dividend (+15% to SEK7.5/share) is proposed. Q4 16 figures: Group sales reached SEK32.1bn (+1.1% including a positive currency effect). Organi
01 Feb 2017
Net cash situation, higher dividend
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Net cash situation, higher dividend
Electrolux AB Class B (ELXC:FRA) | 0 0 (-0.4%) | Mkt Cap: 82,602m
- Published:
01 Feb 2017 -
Author:
Hélène Coumes -
Pages:
3
Q4 16 was rather in line with expectations despite some weakness at the top-line. Organic sales were down 3%, the operating income reached SEK1,616m (vs SEK-202m which included SEK-1,659m of extraordinary costs related to GE Appliances in Q4 15) and the operating margin was 5% of sales (vs 4.6% of sales restated in Q4 15). A significant increase in the dividend (+15% to SEK7.5/share) is proposed. Q4 16 figures: Group sales reached SEK32.1bn (+1.1% including a positive currency effect). Organi