Organic sales were weak in Q2 19 (-2.6% vs +1.9% in Q1 19) due to a drop in North America (-10.8%) on the back of lower sales of products under private label essentially, in Australia and a deep slowdown in Europe (+0.8% vs +4.4% in Q1 19). Conversely, Electrolux was rather successful in defending its operating margin (5.1% of sales, -0.1pt based on a restated figure in Q2 18) in a context of higher tariffs and raw material costs.
18 Jul 2019
Weak organic sales but resilient operating margin
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Weak organic sales but resilient operating margin
Electrolux AB Class B (ELXC:FRA) | 0 0 (-0.4%) | Mkt Cap: 82,602m
- Published:
18 Jul 2019 -
Author:
Hélène Coumes -
Pages:
3
Organic sales were weak in Q2 19 (-2.6% vs +1.9% in Q1 19) due to a drop in North America (-10.8%) on the back of lower sales of products under private label essentially, in Australia and a deep slowdown in Europe (+0.8% vs +4.4% in Q1 19). Conversely, Electrolux was rather successful in defending its operating margin (5.1% of sales, -0.1pt based on a restated figure in Q2 18) in a context of higher tariffs and raw material costs.