Highlights of the second quarter of 2017
Net sales increased by 5.1% to SEK 31,502m (29,983).
Organic sales were unchanged, contribution from acquisitions and divestments was 1.2% while currency translation had a positive impact of 3.9% on net sales.
Operating income increased to SEK 1,942m (1,564), corresponding to a margin of 6.2% (5.2).
Four of six business areas achieved an operating margin above 6%.
Solid operating cash flow after investments of SEK 3.5bn (4.1).
Income for the period increased to SEK 1,308m (1,079), and earnings per share was SEK 4.55 (3.75).
Electrolux - Interim Report Q3 2017 - PresentationElectrolux Group
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).
Highlights of the second quarter of 2017
Net sales increased by 5.1% to SEK 31,502m (29,983).
Organic sales were unchanged, contribution from acquisitions and divestments was 1.2% while currency translation had a positive impact of 3.9% on net sales.
Operating income increased to SEK 1,942m (1,564), corresponding to a margin of 6.2% (5.2).
Four of six business areas achieved an operating margin above 6%.
Solid operating cash flow after investments of SEK 3.5bn (4.1).
Income for the period increased to SEK 1,308m (1,079), and earnings per share was SEK 4.55 (3.75).
Highlights of the first quarter of 2017
Net sales amounted to SEK 28,883m (28,114).
Organic sales declined by 3%, while currency translation had a positive impact of 6% on net sales.
Operating income increased to SEK 1,536m (1,268), corresponding to a margin of 5.3% (4.5).
Improved results across all business areas.
Continued good profitability for Major Appliances EMEA, Major Appliances North America, Major Appliances Asia/Pacific and Professional Products.
Operating income for Major Appliances Latin America and Home Care & SDA recovered.
Income for the period increased to SEK 1,083m (875), and earnings per share was SEK 3.77 (3.04).
Electrolux Interim Report Q3 2016 - PresentationElectrolux Group
Highlights of the third quarter of 2016
Net sales amounted to SEK 30,852m (31,275).
Organic sales declined by 1.6%, while currency translation had a positive impact of 0.2% on net sales.
Operating income increased to SEK 1,826m (1,506), corresponding to a margin of 5.9% (4.8).
Four of six business areas achieved an operating margin above 7%.
Improved operating results across business areas, although operations in Latin America continued to be impacted by weak market environment.
Strong operating cash flow after investments of SEK 3.0bn (3.0).
Income for the period was SEK 1,267m (1,014), and earnings per share was SEK 4.41 (3.53).
Electrolux Consolidated Results 2015 - PresentationElectrolux Group
Highlights of the fourth quarter of 2015
Net sales increased to SEK 31,794m (31,400).
Sales increased by 1.3%, of which 0.2% was organic sales growth, 0.1% acquisitions and 1.0% currency translation.
Highlights of the third quarter of 2014. Net sales amounted to SEK 28,784m (27,258). Sales increased by 5.6%, whereof currencies had a positive impact of 4.0%. Strong improvement in operating income for Major Appliances in Europe.
Electrolux Interim Report Q2 2016 - PresentationElectrolux Group
Highlights of the second quarter of 2016
Net sales amounted to SEK 29,983m (31,355).
Organic sales declined by -0.9%, acquired growth was 0.1% and currency translation had a negative impact of -3.6% on net sales.
Improved results across most business areas.
Four of six business areas achieved an operating margin above 6%.
Operating income increased to SEK 1,564m (921), corresponding to a margin of 5.2% (2.9).
Strong operating cash flow after investments of SEK 4.1bn (2.9).
Income for the period was SEK 1,079m (608), and earnings per share was SEK 3.75 (2.12).
Electrolux consolidated results 2016 - PresentationElectrolux Group
Highlights of the fourth quarter of 2016
Net sales amounted to SEK 32,144m (31,794).
Sales increased by 1%. Organic sales declined by 3%, while currency translation had a positive impact of 4% on net sales.
Operating income improved to SEK 1,616m (-202), corresponding to a margin of 5.0% (-0.6).
Stable development across business areas.
Good performance for Major Appliances EMEA despite severe currency headwinds.
Significantly weaker market demand and cost measures impacted sales and earnings in Major Appliances Latin America.
Strong operating cash flow after investments of SEK 2.6bn (1.4) in the fourth quarter.
Income for the period improved to SEK 1,272m (-393), and earnings per share was SEK 4.43 (-1.38).
The Board proposes a dividend for 2016 of SEK 7.50 (6.50) per share, to be paid in two installments.
Electrolux - Interim Report Q3 2017 - PresentationElectrolux Group
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).
Highlights of the second quarter of 2017
Net sales increased by 5.1% to SEK 31,502m (29,983).
Organic sales were unchanged, contribution from acquisitions and divestments was 1.2% while currency translation had a positive impact of 3.9% on net sales.
Operating income increased to SEK 1,942m (1,564), corresponding to a margin of 6.2% (5.2).
Four of six business areas achieved an operating margin above 6%.
Solid operating cash flow after investments of SEK 3.5bn (4.1).
Income for the period increased to SEK 1,308m (1,079), and earnings per share was SEK 4.55 (3.75).
Highlights of the first quarter of 2017
Net sales amounted to SEK 28,883m (28,114).
Organic sales declined by 3%, while currency translation had a positive impact of 6% on net sales.
Operating income increased to SEK 1,536m (1,268), corresponding to a margin of 5.3% (4.5).
Improved results across all business areas.
Continued good profitability for Major Appliances EMEA, Major Appliances North America, Major Appliances Asia/Pacific and Professional Products.
Operating income for Major Appliances Latin America and Home Care & SDA recovered.
Income for the period increased to SEK 1,083m (875), and earnings per share was SEK 3.77 (3.04).
Electrolux Interim Report Q3 2016 - PresentationElectrolux Group
Highlights of the third quarter of 2016
Net sales amounted to SEK 30,852m (31,275).
Organic sales declined by 1.6%, while currency translation had a positive impact of 0.2% on net sales.
Operating income increased to SEK 1,826m (1,506), corresponding to a margin of 5.9% (4.8).
Four of six business areas achieved an operating margin above 7%.
Improved operating results across business areas, although operations in Latin America continued to be impacted by weak market environment.
Strong operating cash flow after investments of SEK 3.0bn (3.0).
Income for the period was SEK 1,267m (1,014), and earnings per share was SEK 4.41 (3.53).
Electrolux Consolidated Results 2015 - PresentationElectrolux Group
Highlights of the fourth quarter of 2015
Net sales increased to SEK 31,794m (31,400).
Sales increased by 1.3%, of which 0.2% was organic sales growth, 0.1% acquisitions and 1.0% currency translation.
Highlights of the third quarter of 2014. Net sales amounted to SEK 28,784m (27,258). Sales increased by 5.6%, whereof currencies had a positive impact of 4.0%. Strong improvement in operating income for Major Appliances in Europe.
Electrolux Interim Report Q2 2016 - PresentationElectrolux Group
Highlights of the second quarter of 2016
Net sales amounted to SEK 29,983m (31,355).
Organic sales declined by -0.9%, acquired growth was 0.1% and currency translation had a negative impact of -3.6% on net sales.
Improved results across most business areas.
Four of six business areas achieved an operating margin above 6%.
Operating income increased to SEK 1,564m (921), corresponding to a margin of 5.2% (2.9).
Strong operating cash flow after investments of SEK 4.1bn (2.9).
Income for the period was SEK 1,079m (608), and earnings per share was SEK 3.75 (2.12).
Electrolux consolidated results 2016 - PresentationElectrolux Group
Highlights of the fourth quarter of 2016
Net sales amounted to SEK 32,144m (31,794).
Sales increased by 1%. Organic sales declined by 3%, while currency translation had a positive impact of 4% on net sales.
Operating income improved to SEK 1,616m (-202), corresponding to a margin of 5.0% (-0.6).
Stable development across business areas.
Good performance for Major Appliances EMEA despite severe currency headwinds.
Significantly weaker market demand and cost measures impacted sales and earnings in Major Appliances Latin America.
Strong operating cash flow after investments of SEK 2.6bn (1.4) in the fourth quarter.
Income for the period improved to SEK 1,272m (-393), and earnings per share was SEK 4.43 (-1.38).
The Board proposes a dividend for 2016 of SEK 7.50 (6.50) per share, to be paid in two installments.
Electrolux Q2 interim report 2019: Good price momentum and focus on innovatio...Electrolux Group
Highlights of the second quarter of 2019
Net sales amounted to SEK 31,687m (31,354). Sales decline of 2.7%, driven by lower volumes.
Operating income amounted to SEK 1,619m (827), corresponding to a margin of 5.1% (2.6). The comparison period included non-recurring items of SEK -818m.
Price increases fully offset the headwinds from higher raw material costs, trade tariffs and currency as well as lower volumes. Mix improvements mitigated higher investments in marketing and R&D.
Operating cash flow after investments amounted to SEK 384m (1,805).
Income for the period increased to SEK 1,132m (517), and earnings per share was SEK 3.94 (1.80).
The Board has reconfirmed its plan to propose to the shareholders that the Professional Products business area is distributed to the shareholders with the aim to achieve listing on the Nasdaq Stockholm during the first quarter of 2020 or, at the latest, the second quarter of 2020.
Highlights of the second quarter of 2014. Net sales amounted to SEK 26,330m (27,674). Sales declined by 4.9%, whereof currencies had a negative impact of 1.1%.
Electrolux Interim Report Q3 2015 - PresentationElectrolux Group
Highlights of the second quarter of 2015. Net sales increased to SEK 31,355m (26,330). Sales increased by 19.1%, of which 7.0% was organic sales growth, 0.1% acquisitions and 12.0% currency translation. Organic sales growth across all business areas.
Electrolux Consolidated Results 2017 - PresentationElectrolux Group
Highlights of the fourth quarter of 2017
Net sales increased to SEK 32,366m (32,144).
Organic sales growth was 4.0%, contribution from acquisitions and divestments was 1.4% while currency translation had a negative impact of 4.7%.
Operating income increased to SEK 1,969m (1,616), corresponding to a margin of 6.1% (5.0).
Four business areas achieved an operating margin of more than 8%.
Operating cash flow after investments amounted to SEK 2.1bn (2.6).
Income for the period increased to SEK 1,930m (1,272), and earnings per share was SEK 6.72 (4.43).
The effective tax rate of -1.3% (-2.2) was positively impacted by revaluation of deferred tax assets.
The Board proposes a dividend for 2017 of SEK 8.30 (7.50) per share, to be paid in two installments.
Electrolux Interim Report Q2 2015 - PresentationElectrolux Group
Highlights of the second quarter of 2015. Net sales increased to SEK 31,355m (26,330). Sales increased by 19.1%, of which 7.0% was organic sales growth, 0.1% acquisitions and 12.0% currency translation. Organic sales growth across all business areas.
Electrolux Interim Report Q2 2018 - PresentationElectrolux Group
Highlights of the second quarter of 2018
Net sales amounted to SEK 31,354m (30,948). Sales growth was 0.7% with organic sales growth across most business areas.
Operating income amounted to SEK 827m (1,919), corresponding to a margin of 2.6% (6.2).
Operating income include costs of SEK 818m, whereof SEK 564m relates to an investigation by the French Competition Authority and SEK 254m to an unfavourable court ruling in France, both impacting Major Appliances EMEA. Excluding these non-recurring items, operating income amounted to SEK 1,645m, corresponding to a margin of 5.2% (6.2).
Higher prices, mix improvements and cost savings contributed positively, however operating income was impacted by higher costs for raw materials and currency headwinds.
Operating cash flow after investments amounted to SEK 1,805m (3,470).
Income for the period decreased to SEK 517m (1,291), and earnings per share was SEK 1.80 (4.49).
Highlights of the fourth quarter of 2017
Net sales increased to SEK 32,366m (32,144).
Organic sales growth was 4.0%, contribution from acquisitions and divestments was 1.4% while currency translation had a negative impact of 4.7%.
Operating income increased to SEK 1,969m (1,616), corresponding to a margin of 6.1% (5.0).
Four business areas achieved an operating margin of more than 8%.
Operating cash flow after investments amounted to SEK 2.1bn (2.6).
Income for the period increased to SEK 1,930m (1,272), and earnings per share was SEK 6.72 (4.43).
The effective tax rate of -1.3% (-2.2) was positively impacted by revaluation of deferred tax assets.
The Board proposes a dividend for 2017 of SEK 8.30 (7.50) per share, to be paid in two installments.
Highlights of the third quarter of 2013. Net sales amounted to SEK 27,258m (27,171) and income for the period was SEK 656m (923), or SEK 2.29 (3.22) per share. Organic sales growth was 4.9%, while currencies had a negative impact of –4.6%.
Electrolux Capital Markets Day 2013 - Presentation Tomas Eliasson, CFOElectrolux Group
Electrolux today at its capital markets day presents a status update on the Group’s strategy, focusing on actions to drive profitable growth and further improve operational excellence. President and CEO Keith McLoughlin and members of senior management will hold presentations, including an in-depth view of the operations in North America.
Highlights of the first quarter of 2014. Net sales amounted to SEK 25,629m (25,328). Organic sales growth was 4.5%, while currencies had a negative impact of –3.3%.
Electrolux Interim Report Q1 2015 - PresentationElectrolux Group
Highlights of the first quarter of 2015. Net sales increased to SEK 29,087m (25,629). The sales increase is a result of strong positive currency translation. Sales increased by 13.5%, of which -0.5% was organic sales, 0.1% acquisitions and 13.9% currencies.
Electrolux Interim Report Q1 2016 - PresentationElectrolux Group
Highlights of the first quarter of 2016
Net sales amounted to SEK 28,114m (29,087).
Organic sales growth was 1.8% and acquired growth was 0.1%, while currency translation had a negative impact of -5.2% on net sales.
Improved results across most business areas.
Strong results for Major Appliances EMEA and Professional Products.
Continued recovery for Major Appliances North America.
Operating income increased to SEK 1,268m (516), corresponding to a margin of 4.5% (1.8).
Income for the period was SEK 875m (339), and earnings per share was SEK 3.04 (1.18).
Highlights of the second quarter of 2015. Net sales increased to SEK 31,355m (26,330). Sales increased by 19.1%, of which 7.0% was organic sales growth, 0.1% acquisitions and 12.0% currency translation. Organic sales growth across all business areas.
Highlights of the fourth quarter of 2016
Net sales amounted to SEK 32,144m (31,794).
Sales increased by 1%. Organic sales declined by 3%, while currency translation had a positive impact of 4% on net sales.
Operating income improved to SEK 1,616m (-202), corresponding to a margin of 5.0% (-0.6).
Stable development across business areas.
Good performance for Major Appliances EMEA despite severe currency headwinds.
Significantly weaker market demand and cost measures impacted sales and earnings in Major Appliances Latin America.
Strong operating cash flow after investments of SEK 2.6bn (1.4) in the fourth quarter.
Income for the period improved to SEK 1,272m (-393), and earnings per share was SEK 4.43 (-1.38).
The Board proposes a dividend for 2016 of SEK 7.50 (6.50) per share, to be paid in two installments.
Highlights of the third quarter of 2016
Net sales amounted to SEK 30,852m (31,275).
Organic sales declined by 1.6%, while currency translation had a positive impact of 0.2% on net sales.
Operating income increased to SEK 1,826m (1,506), corresponding to a margin of 5.9% (4.8).
Four of six business areas achieved an operating margin above 7%.
Improved operating results across business areas, although operations in Latin America continued to be impacted by weak market environment.
Strong operating cash flow after investments of SEK 3.0bn (3.0).
Income for the period was SEK 1,267m (1,014), and earnings per share was SEK 4.41 (3.53).
Highlights of the fourth quarter of 2015
Net sales increased to SEK 31,794m (31,400).
Sales increased by 1.3%, of which 0.2% was organic sales growth, 0.1% acquisitions and 1.0% currency translation.
Highlights of the second quarter of 2016
Net sales amounted to SEK 29,983m (31,355).
Organic sales declined by -0.9%, acquired growth was 0.1% and currency translation had a negative impact of -3.6% on net sales.
Improved results across most business areas.
Four of six business areas achieved an operating margin above 6%.
Operating income increased to SEK 1,564m (921), corresponding to a margin of 5.2% (2.9).
Strong operating cash flow after investments of SEK 4.1bn (2.9).
Income for the period was SEK 1,079m (608), and earnings per share was SEK 3.75 (2.12).
Electrolux Interim Report Q3 2018 - PresentationElectrolux Group
Highlights of the third quarter of 2018
Net sales amounted to SEK 30,444m (29,042). Sales growth was 0.7%, mainly driven by price increases in several markets.
Operating income amounted to SEK 1,756m (1,981), corresponding to a margin of 5.8% (6.8).
Increased prices and mix contributed positively across all business areas but could not fully offset higher input costs, lower volumes and accelerating currency headwinds in Latin America.
Major Appliances North America also faced higher cost inflation from tariffs in addition to lower sales to private label.
Operating cash flow after investments amounted to SEK 1,352m (2,287).
Income for the period decreased to SEK 1,162m (1,440), and earnings per share was SEK 4.04 (5.01).
Highlights of the second quarter of 2015. Net sales increased to SEK 31,355m (26,330). Sales increased by 19.1%, of which 7.0% was organic sales growth, 0.1% acquisitions and 12.0% currency translation. Organic sales growth across all business areas.
Electrolux Interim Report Q1 2018 - PresentationElectrolux Group
Electrolux Q1 2018 interim report: Growth and solid earnings
Highlights of the first quarter of 2018
Net sales amounted to SEK 27,906m (28,201). Sales growth was 3.3%, while currency translation had a negative impact of 4.4%. Strong organic sales growth in Major Appliances EMEA and Asia/Pacific.
Operating income amounted to SEK 764m (1,442), corresponding to a margin of 2.7% (5.1).
Operating income includes restructuring costs of SEK 596m relating to the consolidation of freezer production in North America. Excluding these costs, operating income amounted to SEK 1,360m, corresponding to a margin of 4.9%.
Product mix improvements and higher cost efficiency offset accelerating input costs pressures and unfavorable currency effects.
Continued solid earnings development across most business areas, although earnings for Major Appliances Latin America was significantly impacted by higher costs for raw materials and currency headwinds.
Operating cash flow after investments amounted to SEK -2.7bn (-1.0).
Income for the period decreased to SEK 551m (1,012), and earnings per share was SEK 1.92 (3.52).
Electrolux Consolidated Results 2013 - PresentationElectrolux Group
Highlights of the fourth quarter of 2013. Net sales amounted to SEK 28,891m (29,185).
Organic sales growth was 3.6%, while currencies had a negative impact of –4.6%.
Electrolux Q2 interim report 2019: Good price momentum and focus on innovatio...Electrolux Group
Highlights of the second quarter of 2019
Net sales amounted to SEK 31,687m (31,354). Sales decline of 2.7%, driven by lower volumes.
Operating income amounted to SEK 1,619m (827), corresponding to a margin of 5.1% (2.6). The comparison period included non-recurring items of SEK -818m.
Price increases fully offset the headwinds from higher raw material costs, trade tariffs and currency as well as lower volumes. Mix improvements mitigated higher investments in marketing and R&D.
Operating cash flow after investments amounted to SEK 384m (1,805).
Income for the period increased to SEK 1,132m (517), and earnings per share was SEK 3.94 (1.80).
The Board has reconfirmed its plan to propose to the shareholders that the Professional Products business area is distributed to the shareholders with the aim to achieve listing on the Nasdaq Stockholm during the first quarter of 2020 or, at the latest, the second quarter of 2020.
Highlights of the second quarter of 2014. Net sales amounted to SEK 26,330m (27,674). Sales declined by 4.9%, whereof currencies had a negative impact of 1.1%.
Electrolux Interim Report Q3 2015 - PresentationElectrolux Group
Highlights of the second quarter of 2015. Net sales increased to SEK 31,355m (26,330). Sales increased by 19.1%, of which 7.0% was organic sales growth, 0.1% acquisitions and 12.0% currency translation. Organic sales growth across all business areas.
Electrolux Consolidated Results 2017 - PresentationElectrolux Group
Highlights of the fourth quarter of 2017
Net sales increased to SEK 32,366m (32,144).
Organic sales growth was 4.0%, contribution from acquisitions and divestments was 1.4% while currency translation had a negative impact of 4.7%.
Operating income increased to SEK 1,969m (1,616), corresponding to a margin of 6.1% (5.0).
Four business areas achieved an operating margin of more than 8%.
Operating cash flow after investments amounted to SEK 2.1bn (2.6).
Income for the period increased to SEK 1,930m (1,272), and earnings per share was SEK 6.72 (4.43).
The effective tax rate of -1.3% (-2.2) was positively impacted by revaluation of deferred tax assets.
The Board proposes a dividend for 2017 of SEK 8.30 (7.50) per share, to be paid in two installments.
Electrolux Interim Report Q2 2015 - PresentationElectrolux Group
Highlights of the second quarter of 2015. Net sales increased to SEK 31,355m (26,330). Sales increased by 19.1%, of which 7.0% was organic sales growth, 0.1% acquisitions and 12.0% currency translation. Organic sales growth across all business areas.
Electrolux Interim Report Q2 2018 - PresentationElectrolux Group
Highlights of the second quarter of 2018
Net sales amounted to SEK 31,354m (30,948). Sales growth was 0.7% with organic sales growth across most business areas.
Operating income amounted to SEK 827m (1,919), corresponding to a margin of 2.6% (6.2).
Operating income include costs of SEK 818m, whereof SEK 564m relates to an investigation by the French Competition Authority and SEK 254m to an unfavourable court ruling in France, both impacting Major Appliances EMEA. Excluding these non-recurring items, operating income amounted to SEK 1,645m, corresponding to a margin of 5.2% (6.2).
Higher prices, mix improvements and cost savings contributed positively, however operating income was impacted by higher costs for raw materials and currency headwinds.
Operating cash flow after investments amounted to SEK 1,805m (3,470).
Income for the period decreased to SEK 517m (1,291), and earnings per share was SEK 1.80 (4.49).
Highlights of the fourth quarter of 2017
Net sales increased to SEK 32,366m (32,144).
Organic sales growth was 4.0%, contribution from acquisitions and divestments was 1.4% while currency translation had a negative impact of 4.7%.
Operating income increased to SEK 1,969m (1,616), corresponding to a margin of 6.1% (5.0).
Four business areas achieved an operating margin of more than 8%.
Operating cash flow after investments amounted to SEK 2.1bn (2.6).
Income for the period increased to SEK 1,930m (1,272), and earnings per share was SEK 6.72 (4.43).
The effective tax rate of -1.3% (-2.2) was positively impacted by revaluation of deferred tax assets.
The Board proposes a dividend for 2017 of SEK 8.30 (7.50) per share, to be paid in two installments.
Highlights of the third quarter of 2013. Net sales amounted to SEK 27,258m (27,171) and income for the period was SEK 656m (923), or SEK 2.29 (3.22) per share. Organic sales growth was 4.9%, while currencies had a negative impact of –4.6%.
Electrolux Capital Markets Day 2013 - Presentation Tomas Eliasson, CFOElectrolux Group
Electrolux today at its capital markets day presents a status update on the Group’s strategy, focusing on actions to drive profitable growth and further improve operational excellence. President and CEO Keith McLoughlin and members of senior management will hold presentations, including an in-depth view of the operations in North America.
Highlights of the first quarter of 2014. Net sales amounted to SEK 25,629m (25,328). Organic sales growth was 4.5%, while currencies had a negative impact of –3.3%.
Electrolux Interim Report Q1 2015 - PresentationElectrolux Group
Highlights of the first quarter of 2015. Net sales increased to SEK 29,087m (25,629). The sales increase is a result of strong positive currency translation. Sales increased by 13.5%, of which -0.5% was organic sales, 0.1% acquisitions and 13.9% currencies.
Electrolux Interim Report Q1 2016 - PresentationElectrolux Group
Highlights of the first quarter of 2016
Net sales amounted to SEK 28,114m (29,087).
Organic sales growth was 1.8% and acquired growth was 0.1%, while currency translation had a negative impact of -5.2% on net sales.
Improved results across most business areas.
Strong results for Major Appliances EMEA and Professional Products.
Continued recovery for Major Appliances North America.
Operating income increased to SEK 1,268m (516), corresponding to a margin of 4.5% (1.8).
Income for the period was SEK 875m (339), and earnings per share was SEK 3.04 (1.18).
Highlights of the second quarter of 2015. Net sales increased to SEK 31,355m (26,330). Sales increased by 19.1%, of which 7.0% was organic sales growth, 0.1% acquisitions and 12.0% currency translation. Organic sales growth across all business areas.
Highlights of the fourth quarter of 2016
Net sales amounted to SEK 32,144m (31,794).
Sales increased by 1%. Organic sales declined by 3%, while currency translation had a positive impact of 4% on net sales.
Operating income improved to SEK 1,616m (-202), corresponding to a margin of 5.0% (-0.6).
Stable development across business areas.
Good performance for Major Appliances EMEA despite severe currency headwinds.
Significantly weaker market demand and cost measures impacted sales and earnings in Major Appliances Latin America.
Strong operating cash flow after investments of SEK 2.6bn (1.4) in the fourth quarter.
Income for the period improved to SEK 1,272m (-393), and earnings per share was SEK 4.43 (-1.38).
The Board proposes a dividend for 2016 of SEK 7.50 (6.50) per share, to be paid in two installments.
Highlights of the third quarter of 2016
Net sales amounted to SEK 30,852m (31,275).
Organic sales declined by 1.6%, while currency translation had a positive impact of 0.2% on net sales.
Operating income increased to SEK 1,826m (1,506), corresponding to a margin of 5.9% (4.8).
Four of six business areas achieved an operating margin above 7%.
Improved operating results across business areas, although operations in Latin America continued to be impacted by weak market environment.
Strong operating cash flow after investments of SEK 3.0bn (3.0).
Income for the period was SEK 1,267m (1,014), and earnings per share was SEK 4.41 (3.53).
Highlights of the fourth quarter of 2015
Net sales increased to SEK 31,794m (31,400).
Sales increased by 1.3%, of which 0.2% was organic sales growth, 0.1% acquisitions and 1.0% currency translation.
Highlights of the second quarter of 2016
Net sales amounted to SEK 29,983m (31,355).
Organic sales declined by -0.9%, acquired growth was 0.1% and currency translation had a negative impact of -3.6% on net sales.
Improved results across most business areas.
Four of six business areas achieved an operating margin above 6%.
Operating income increased to SEK 1,564m (921), corresponding to a margin of 5.2% (2.9).
Strong operating cash flow after investments of SEK 4.1bn (2.9).
Income for the period was SEK 1,079m (608), and earnings per share was SEK 3.75 (2.12).
Electrolux Interim Report Q3 2018 - PresentationElectrolux Group
Highlights of the third quarter of 2018
Net sales amounted to SEK 30,444m (29,042). Sales growth was 0.7%, mainly driven by price increases in several markets.
Operating income amounted to SEK 1,756m (1,981), corresponding to a margin of 5.8% (6.8).
Increased prices and mix contributed positively across all business areas but could not fully offset higher input costs, lower volumes and accelerating currency headwinds in Latin America.
Major Appliances North America also faced higher cost inflation from tariffs in addition to lower sales to private label.
Operating cash flow after investments amounted to SEK 1,352m (2,287).
Income for the period decreased to SEK 1,162m (1,440), and earnings per share was SEK 4.04 (5.01).
Highlights of the second quarter of 2015. Net sales increased to SEK 31,355m (26,330). Sales increased by 19.1%, of which 7.0% was organic sales growth, 0.1% acquisitions and 12.0% currency translation. Organic sales growth across all business areas.
Electrolux Interim Report Q1 2018 - PresentationElectrolux Group
Electrolux Q1 2018 interim report: Growth and solid earnings
Highlights of the first quarter of 2018
Net sales amounted to SEK 27,906m (28,201). Sales growth was 3.3%, while currency translation had a negative impact of 4.4%. Strong organic sales growth in Major Appliances EMEA and Asia/Pacific.
Operating income amounted to SEK 764m (1,442), corresponding to a margin of 2.7% (5.1).
Operating income includes restructuring costs of SEK 596m relating to the consolidation of freezer production in North America. Excluding these costs, operating income amounted to SEK 1,360m, corresponding to a margin of 4.9%.
Product mix improvements and higher cost efficiency offset accelerating input costs pressures and unfavorable currency effects.
Continued solid earnings development across most business areas, although earnings for Major Appliances Latin America was significantly impacted by higher costs for raw materials and currency headwinds.
Operating cash flow after investments amounted to SEK -2.7bn (-1.0).
Income for the period decreased to SEK 551m (1,012), and earnings per share was SEK 1.92 (3.52).
Electrolux Consolidated Results 2013 - PresentationElectrolux Group
Highlights of the fourth quarter of 2013. Net sales amounted to SEK 28,891m (29,185).
Organic sales growth was 3.6%, while currencies had a negative impact of –4.6%.
ASSA ABLOY Q1 presentation 27 april 2016ASSA ABLOY
In the first quarter of 2016, net sales amounted to SEK 15,891 M (15,252), an increase of 4%, of which 3% (5) was organic growth and 3% (3) was acquired growth.The operating income increased in line with sales and also improved by 4%.
Electrolux Q2 interim report 2019: Good price momentum and focus on innovationElectrolux Group
Highlights of the second quarter of 2019
Net sales amounted to SEK 31,687m (31,354). Sales decline of 2.7%, driven by lower volumes.
Operating income amounted to SEK 1,619m (827), corresponding to a margin of 5.1% (2.6). The comparison period included non-recurring items of SEK -818m.
Price increases fully offset the headwinds from higher raw material costs, trade tariffs and currency as well as lower volumes. Mix improvements mitigated higher investments in marketing and R&D.
Operating cash flow after investments amounted to SEK 384m (1,805).
Income for the period increased to SEK 1,132m (517), and earnings per share was SEK 3.94 (1.80).
The Board has reconfirmed its plan to propose to the shareholders that the Professional Products business area is distributed to the shareholders with the aim to achieve listing on the Nasdaq Stockholm during the first quarter of 2020 or, at the latest, the second quarter of 2020.
Highlights of the third quarter of 2018
Net sales amounted to SEK 30,444m (29,042). Sales growth was 0.7%, mainly driven by price increases in several markets.
Operating income amounted to SEK 1,756m (1,981), corresponding to a margin of 5.8% (6.8).
Increased prices and mix contributed positively across all business areas but could not fully offset higher input costs, lower volumes and accelerating currency headwinds in Latin America.
Major Appliances North America also faced higher cost inflation from tariffs in addition to lower sales to private label.
Operating cash flow after investments amounted to SEK 1,352m (2,287).
Income for the period decreased to SEK 1,162m (1,440), and earnings per share was SEK 4.04 (5.01).
Highlights of the second quarter of 2018
Net sales amounted to SEK 31,354m (30,948). Sales growth was 0.7% with organic sales growth across most business areas.
Operating income amounted to SEK 827m (1,919), corresponding to a margin of 2.6% (6.2).
Operating income include costs of SEK 818m, whereof SEK 564m relates to an investigation by the French Competition Authority and SEK 254m to an unfavourable court ruling in France, both impacting Major Appliances EMEA. Excluding these non-recurring items, operating income amounted to SEK 1,645m, corresponding to a margin of 5.2% (6.2).
Higher prices, mix improvements and cost savings contributed positively, however operating income was impacted by higher costs for raw materials and currency headwinds.
Operating cash flow after investments amounted to SEK 1,805m (3,470).
Income for the period decreased to SEK 517m (1,291), and earnings per share was SEK 1.80 (4.49).
Electrolux Q1 2018 interim report: Growth and solid earnings
Highlights of the first quarter of 2018
Net sales amounted to SEK 27,906m (28,201). Sales growth was 3.3%, while currency translation had a negative impact of 4.4%. Strong organic sales growth in Major Appliances EMEA and Asia/Pacific.
Operating income amounted to SEK 764m (1,442), corresponding to a margin of 2.7% (5.1).
Operating income includes restructuring costs of SEK 596m relating to the consolidation of freezer production in North America. Excluding these costs, operating income amounted to SEK 1,360m, corresponding to a margin of 4.9%.
Product mix improvements and higher cost efficiency offset accelerating input costs pressures and unfavorable currency effects.
Continued solid earnings development across most business areas, although earnings for Major Appliances Latin America was significantly impacted by higher costs for raw materials and currency headwinds.
Operating cash flow after investments amounted to SEK -2.7bn (-1.0).
Income for the period decreased to SEK 551m (1,012), and earnings per share was SEK 1.92 (3.52).
Electrolux design philosophy: Human Touch
The global design organization comprises 200 team members at 7 design centers around the world: Stockholm, Sydney, Singapore, Curitiba, Charlotte, Shanghai, and Vallenoncello.
At Electrolux, designing outstanding experiences with a human touch lies at the heart of everything we do within Group Design. It’s about designing innovative, intuitive and desirable products that are seamlessly a part of our consumers’ daily lives. This not only requires appealing design, but an intuitiveness that anticipates how long-lasting connections are formed and maintained between our consumers and our products.
This is our design philosophy, and we call it “Human Touch”. Human Touch means designing for all our senses – from the overall quality of materials, and fit, feel and finish to thoughtfulness of use and context through in-depth usability testing. It’s the difference between products that are only aesthetically pleasing and products that provide meaningful holistic experiences.
In a world where everything in the home is becoming connected, the role we play in design ensures that every experience has that human connection. Great design creates outstanding consumer experiences and helps shape living for the better.
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).
Electrolux overarching purpose is to shape living for the better by reinventing taste, care and wellbeing experiences, for more enjoyable and sustainable living around the world.
Highlights of the first quarter of 2017
Net sales amounted to SEK 28,883m (28,114).
Organic sales declined by 3%, while currency translation had a positive impact of 6% on net sales.
Operating income increased to SEK 1,536m (1,268), corresponding to a margin of 5.3% (4.5).
Improved results across all business areas.
Continued good profitability for Major Appliances EMEA, Major Appliances North America, Major Appliances Asia/Pacific and Professional Products.
Operating income for Major Appliances Latin America and Home Care & SDA recovered.
Income for the period increased to SEK 1,083m (875), and earnings per share was SEK 3.77 (3.04).
Highlights of the first quarter of 2016
Net sales amounted to SEK 28,114m (29,087).
Organic sales growth was 1.8% and acquired growth was 0.1%, while currency translation had a negative impact of -5.2% on net sales.
Improved results across most business areas.
Strong results for Major Appliances EMEA and Professional Products.
Continued recovery for Major Appliances North America.
Operating income increased to SEK 1,268m (516), corresponding to a margin of 4.5% (1.8).
Income for the period was SEK 875m (339), and earnings per share was SEK 3.04 (1.18).
14. SEKm Q2
Net Cost
Efficiency
Currency*
Acq/**
Divest.
Other Q2 2017
Net Sales 29,983 0 1,138 381 31,502
Growth 0.0% 3.9% 1.2% 5.1%
EBIT 1,564 0 -317 775 -96 16 1,942
EBIT %
Accretion
/Dilution
5.2% 0.0% -1.1% 2.6% -0.5% 0.0% 6.2%
14 ELECTROLUX Q2 2017 PRESENTATION
*Currency includes SEK 90m of currency translation and -185m of transaction effect on EBIT.**Acquisitions/divestments includes the acquisition of Kwikot, Vintec, Anova and
Grindmaster-Cecilware and the sale of Eureka.
16. SEKm 2017 Q2 2016 Q2
EBIT 1,942 1,564
D/A and other non-cash items 1,089 1,143
Change in operating
assets and liabilities
1,269 1,855
Investments in intangible and
tangible assets
-832 -678
Other investments 2 257
Cash flow after investments* 3,470 4,141
16 ELECTROLUX Q2 2017 PRESENTATION
*Before acquisitions and divestments
17.
18. Region Q3 2017 FY 2017 Comments
Europe Stable ~1%
Positive overall demand trend,
continued uncertainty around Brexit
North America
Slightly
Positive
+3-4% Positive market growth
Latin America Stable
Slightly
Negative
Slow market recovery in the region
Expect stabilization in late 2017
East Asia
Slightly
Positive
Positive East Asia in general positive
Australia
Slightly
Positive
Slightly
Positive
Market is estimated to be slightly
positive
18 ELECTROLUX Q2 2017 PRESENTATION
19. Electrolux Q3 2017 FY 2017 Comments
Volume/price/mix
Slightly
Positive
Slightly
Positive
Price pressure in several markets offset by
mix and volume
Raw materials Negative Negative FY 2017: Raw materials ≈ SEK -1.4bn
Net cost efficiency Positive Positive FY 2017: Net cost efficiency ≈ SEK 2.3bn
Currency
transactional effect*
SEK
-155m
SEK
-180m
Net positive in Latin America,
EGP and GBP give headwind
Currency
translational effect*
SEK
-28m
SEK
+40m
Capex Slightly up Slightly up FY 2017: ≈ SEK 4bn
19 ELECTROLUX Q2 2017 PRESENTATION
* Currency rates as per July 10, 2017