Q1 17 was a mixed quarter with a 2.8% decrease in organic sales (below consensus) and an 0.8pt improvement in operating margin to 5.3% of revenue (above consensus).
Q1 17 figures.
Sales reached SEK28,883m (+2.7%) thanks to a significant positive currency effect (+5.9%).
Organic sales decreased by 2.8% (vs +1.8% in Q1 15) due to Major Appliances EMEA (-2.4% vs +7.1% in Q1 16), Major Appliances North America (-7% vs +5.7% in Q1 16), Major Appliances Latin America (-2.5%), and Home Care & Small ....
26 May 2017
Margin improvements vs sales growth.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Margin improvements vs sales growth.
Electrolux AB Class B (ELXC:FRA) | 0 0 (-0.4%) | Mkt Cap: 82,602m
- Published:
26 May 2017 -
Author:
Hélène Coumes -
Pages:
3
Q1 17 was a mixed quarter with a 2.8% decrease in organic sales (below consensus) and an 0.8pt improvement in operating margin to 5.3% of revenue (above consensus).
Q1 17 figures.
Sales reached SEK28,883m (+2.7%) thanks to a significant positive currency effect (+5.9%).
Organic sales decreased by 2.8% (vs +1.8% in Q1 15) due to Major Appliances EMEA (-2.4% vs +7.1% in Q1 16), Major Appliances North America (-7% vs +5.7% in Q1 16), Major Appliances Latin America (-2.5%), and Home Care & Small ....