Q2 15 earnings: Sales surged to SEK31.3bn (+19%) due to a significant positive currency effect. Organic sales surged by 7.0% reflecting higher sales in all divisions, o/w a double-digit growth in Major Appliances North America and Latin America(both +11.4%) and significant organic growth in Professional Products (+5.1%). Group operating income was up to SEK921m (vs SEK63m in Q2 14) due mainly to the recovery in the Major Appliances EMEA division which turned positive to SEK426m (vs SEK-901m i
20 Jul 2015
Good quarter in challenging markets
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Good quarter in challenging markets
Electrolux AB Class B (ELXC:FRA) | 0 0 (-0.4%) | Mkt Cap: 82,602m
- Published:
20 Jul 2015 -
Author:
Hélène Coumes -
Pages:
3
Q2 15 earnings: Sales surged to SEK31.3bn (+19%) due to a significant positive currency effect. Organic sales surged by 7.0% reflecting higher sales in all divisions, o/w a double-digit growth in Major Appliances North America and Latin America(both +11.4%) and significant organic growth in Professional Products (+5.1%). Group operating income was up to SEK921m (vs SEK63m in Q2 14) due mainly to the recovery in the Major Appliances EMEA division which turned positive to SEK426m (vs SEK-901m i