Struggling Major Appliances North America (31% of group sales), which is involved in restructuring, masked the impressive performance of Major Appliances EMEA (35% of group sales). In addition, the upwards revision of the increase in raw material costs and negative currency impact put more pressure on Electrolux which will have to find further cost efficiencies.
27 Apr 2018
More pressure on Electrolux
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More pressure on Electrolux
Electrolux AB Class B (ELXC:FRA) | 0 0 (-0.4%) | Mkt Cap: 82,602m
- Published:
27 Apr 2018 -
Author:
Hélène Coumes -
Pages:
3
Struggling Major Appliances North America (31% of group sales), which is involved in restructuring, masked the impressive performance of Major Appliances EMEA (35% of group sales). In addition, the upwards revision of the increase in raw material costs and negative currency impact put more pressure on Electrolux which will have to find further cost efficiencies.