2017 10 10 Airfree 468×60 Banner (Home & Industry News)

Business

Published on February 1st, 2017 | by The GC Team

0

Electrolux posts year-on-year rise in Q4 earnings

Electrolux today posted an improved net profit for the fourth quarter of 2016, despite a decline in organic sales.

Income for the period improved to SEK 1,272m compared to a loss of SEK 393m in the same period a year earlier.

Net sales increased 1% to SEK 32,144m, but the company said that currency translation had a positive impact of 4%. Organic sales declined by 3%.

Operating income for the quarter improved to SEK 1.6 billion.

President and CEO Jonas Samuelson said development was positive across most business areas. EMEA achieved a strong operating margin of above 7%, and operations in North America showed solid improvement. Operations in Latin America continued to be impacted by a weakening market environment.

Tags:


About the Author

Get Connected is the top trade journal for the UK electricals industry. Its website is the fastest, most interesting and up to date in the business.



Leave a Reply

Your email address will not be published. Required fields are marked *

five × three =

Back to Top ↑
  • 2017-10-30 DeDietrich 300×250
  • The Latest…

  • 2017 09 01 Blomberg 300 x 250
  • GC Latest Tweets…

    Air treatment brand Meaco commits to £100K nationwide television advertising campaign... gcmagazine.co.uk/?p=…

    About 4 days ago from GC Magazine's Twitter via Twitter Web Client · reply · retweet · favourite

  • Read The Latest Issue...
  • News by Category

  • Archives


Subscribe to GC's weekly e-Bulletin