In Q3 17, organic sales decreased by 3.2%, mainly due to Major Appliances North America (-10.8%), and the group’s operating margin increased by 0.8pt to 6.7% of sales thanks to a positive product-mix and significant cost efficiencies.
Q3 17 figures
Sales reached SEK29,309m (-5%). There was a positive change in the perimeter (+1.4%) and a negative currency effect (-3.2%).
Organic sales decreased (-3.2% vs -1.6% in Q3 16) due to four divisions out of six (Major Appliances EMEA: -1.1%, North Am ....
27 Oct 2017
Great operating performance thanks to cost efficiencies
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Great operating performance thanks to cost efficiencies
Electrolux AB Class B (ELXC:FRA) | 0 0 (-0.4%) | Mkt Cap: 82,602m
- Published:
27 Oct 2017 -
Author:
Hélène Coumes -
Pages:
3
In Q3 17, organic sales decreased by 3.2%, mainly due to Major Appliances North America (-10.8%), and the group’s operating margin increased by 0.8pt to 6.7% of sales thanks to a positive product-mix and significant cost efficiencies.
Q3 17 figures
Sales reached SEK29,309m (-5%). There was a positive change in the perimeter (+1.4%) and a negative currency effect (-3.2%).
Organic sales decreased (-3.2% vs -1.6% in Q3 16) due to four divisions out of six (Major Appliances EMEA: -1.1%, North Am ....