Q2 16 was a satisfactory quarter despite weak sales. The overall performance was mainly driven by the Major Appliances EMEA (volume growth, better product-mix, cost efficiency) and North America (product-mix improvement, cost efficiency). Q2 16 earnings - Group sales were down 4.4% to SEK29,983m and -0.9% organically. Organic sales grew only in two divisions, i.e. Major Appliances EMEA (+5.2%) and Professional Products (+1.1%). Organic sales decreased in the other divisions, i.e. Major Applia
20 Jul 2016
Weak sales, strong results boosted by cost efficiencies
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Weak sales, strong results boosted by cost efficiencies
Electrolux AB Class B (ELXC:FRA) | 0 0 (-0.4%) | Mkt Cap: 82,602m
- Published:
20 Jul 2016 -
Author:
Hélène Coumes -
Pages:
4
Q2 16 was a satisfactory quarter despite weak sales. The overall performance was mainly driven by the Major Appliances EMEA (volume growth, better product-mix, cost efficiency) and North America (product-mix improvement, cost efficiency). Q2 16 earnings - Group sales were down 4.4% to SEK29,983m and -0.9% organically. Organic sales grew only in two divisions, i.e. Major Appliances EMEA (+5.2%) and Professional Products (+1.1%). Organic sales decreased in the other divisions, i.e. Major Applia