Q1 19 was correct considering the persistence of a challenging environment worldwide. Organic sales grew by 1.9% thanks to all divisions except for North America which is still impacted by lower volumes of products under private label. Nevertheless, there were only two divisions that performed well and limit the erosion of the group’s operating margin (excluding restructuring costs), Europe and the Professional Products for which Electrolux planned a separation.
26 Apr 2019
Europe and the Professional Products, best performers
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Europe and the Professional Products, best performers
Electrolux AB Class B (ELXC:FRA) | 0 0 (-0.4%) | Mkt Cap: 82,602m
- Published:
26 Apr 2019 -
Author:
Hélène Coumes -
Pages:
3
Q1 19 was correct considering the persistence of a challenging environment worldwide. Organic sales grew by 1.9% thanks to all divisions except for North America which is still impacted by lower volumes of products under private label. Nevertheless, there were only two divisions that performed well and limit the erosion of the group’s operating margin (excluding restructuring costs), Europe and the Professional Products for which Electrolux planned a separation.