Money Buzz! Europa

Tag: Electrolux

  • Electrolux, record high operating income of SEK 3,220m in Q2 2020

    Electrolux, record high operating income of SEK 3,220m in Q2 2020

    Electrolux net sales amounted to SEK 32,004m (30,330). Organic sales increased by 15.2% in Q3 2020, an interim report shows.

    There was registered a record high operating income of SEK 3,220m (1,063), corresponding to a margin of 10.1% (3.5), mainly driven by strong volumes and prices.

    Income for the period amounted to SEK 2,356m (610) and earnings per share was SEK 8.20 (2.12).

    The company registered a significant market recovery driven mainly by pent-up demand and government stimulus programs.

    Electrolux Board proposes to reinstate a dividend for 2019 of SEK 7.00 (8.50) per share, to be paid in one instalment.

  • Electrolux net sales amounted to SEK 23,476m in Q2 2020

    Electrolux net sales amounted to SEK 23,476m in Q2 2020

    Electrolux net sales amounted to SEK 23,476m (29,232). Organic sales declined by 16.6%, due to lower volumes.

    The development of the coronavirus pandemic impacted market demand significantly in our main markets and also resulted in supply constraints in North America.  

    Operating income amounted to SEK -62m (1,219), corresponding to a margin of -0.3% (4.2). Comprehensive cost measures executed to mitigate the effects from the pandemic on earnings.

    Negative currency impact on operating income of approximately SEK 360m.

    Income for the period amounted to SEK -141m (1,006), and earnings per share was SEK -0.49 (3.50). Operating cash flow after investments was SEK 122m (-25).