Q3 16 was globally a good quarter despite the weakness of the top-line in North America in a flat core appliances market and the continuing poor environment in Latin America. The group had net cash on 30 September 2016. Q3 16 results: Group sales reached SEK30,852m (-1.4%). There was a slight currency effect (+0.2%). Organic sales were down (-1.6% vs +2.1% in Q3 15) in line with our expectation. This was attributable to a decrease in Major Appliances North America (-4.6% vs +7.1% in Q3 15), M
28 Oct 2016
Positive effect of cost efficiencies
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Positive effect of cost efficiencies
Electrolux AB Class B (ELXC:FRA) | 0 0 (-0.4%) | Mkt Cap: 82,602m
- Published:
28 Oct 2016 -
Author:
Hélène Coumes -
Pages:
3
Q3 16 was globally a good quarter despite the weakness of the top-line in North America in a flat core appliances market and the continuing poor environment in Latin America. The group had net cash on 30 September 2016. Q3 16 results: Group sales reached SEK30,852m (-1.4%). There was a slight currency effect (+0.2%). Organic sales were down (-1.6% vs +2.1% in Q3 15) in line with our expectation. This was attributable to a decrease in Major Appliances North America (-4.6% vs +7.1% in Q3 15), M