Electrolux Interim Report January - March 2017

STOCKHOLM, April 28, 2017 /PRNewswire/ -- 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).

Telephone conference 09.00 CET

A telephone conference is held at 09.00 CET today, April 28. 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

Participants in US should call +1-855-753-2230

Slide presentation for download:

www.electroluxgroup.com/ir

Link to webcast:

www.electroluxgroup.com/q1-2017

For further information, please contact:

Catarina Ihre
Vice President Investor Relations
+46-8-738-60-87

Merton Kaplan
Analyst Investor Relations
+46-8-738-70-06 

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 on April 28, 2017.

This information was brought to you by Cision http://news.cision.com

http://news.cision.com/electrolux/r/electrolux-interim-report-january---march-2017,c2252904

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