The financial goals are unchanged and include 4% sales growth, an EBIT margin of 6% of sales and a return on net assets (RONA) above 20% over a business cycle in Consumer. It implies high re-engineering investments that should have a full impact on the EBIT margin in 2024 (cost savings of SEK3.0bn). Finally, the details on the separation of the Professional Products division were not disclosed. This strategic move is half convincing in our view.
27 Mar 2019
Focus on consumer, re-engineering investments
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Focus on consumer, re-engineering investments
Electrolux AB Class B (ELXC:FRA) | 0 0 (-0.4%) | Mkt Cap: 82,602m
- Published:
27 Mar 2019 -
Author:
Hélène Coumes -
Pages:
3
The financial goals are unchanged and include 4% sales growth, an EBIT margin of 6% of sales and a return on net assets (RONA) above 20% over a business cycle in Consumer. It implies high re-engineering investments that should have a full impact on the EBIT margin in 2024 (cost savings of SEK3.0bn). Finally, the details on the separation of the Professional Products division were not disclosed. This strategic move is half convincing in our view.