Electrolux Interim Report January - September 2017
STOCKHOLM, Oct. 27, 2017 /PRNewswire/ --
Highlights of the third quarter of 2017
Net sales amounted to SEK 29,309m (30,852).
Organic sales declined by 3.2%, currency translation had a negative impact of 3.2%, contribution from acquisitions and divestments was 1.4%.
Operating income increased to SEK 1,960m (1,826), corresponding to a margin of 6.7% (5.9).
Operating margins improved across business areas and four business areas achieved an operating margin above 7%.
Operating cash flow after investments amounted to SEK 2.3bn (3.0).
Income for the period increased to SEK 1,424m (1,267), and earnings per share was SEK 4.96 (4.41).
Telephone conference 09.00 CET
A telephone conference is held at 09.00 CET today, October 27. The conference will be chaired by Jonas Samuelson, President and CEO of Electrolux. Mr. Samuelson will be accompanied by Anna Ohlsson-Leijon, CFO.
Details for participation by telephone are as follows:
Participants in Sweden should call +46 8 505 564 74
Participants in UK/Europe should call +44 203 364 5374
Daniel Frykholm Electrolux Press Hotline +46 8 657 65 07
This information is information that AB Electrolux is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 0800 CET, October 27, 2017.
Bilateral Chamber, a leading organization at the forefront of global commerce, hosted His Excellency Mohammed Shyaa Sabbar Al-Sudani, Prime Minister of the Republic of Iraq and his delegation yesterday in Houston, Texas. The Iraqi Prime Minister was...
Versa Networks, the global leader in AI/ML-powered Unified Secure Access Service Edge (SASE) and Software Defined WAN (SD-WAN), today announced it is recognized in the Gartner Magic Quadrant for Security Service Edge (SSE) which will help buyers...
Concept Medical, a pioneer in innovative drug delivery technologies, proudly announces the commencement of its groundbreaking IDE clinical study, "MAGICAL-ISR" using MagicTouch ? Sirolimus drug coated balloon (DCB), for the management of in-stent...
Fusion Academy, the world's most personalized school with one-to-one classes to match students' pace and preference, is pleased to announce its 2024 Spring Virtual College Week, taking place from April 22 to April 25. This unique online program is...
Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client S&L Computer Services, Inc. to Cyber Advisors (a portfolio company of Goldner Hawn). The acquisition...
Beaverlab today announced the launch of a Kickstarter campaign for its new Excope DT1 camera. Excope DT1 is the world's lightest, portable super-telephoto camera for photos and videos. It is versatile, relieving photographers from the hassle of...