Electrolux reports Q1 net earnings of 431M Swedish kronor, up 19.4% from year-ago period as net sales rise 5.1% to 25.63B kronor
April 25, 2014
– 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%.
All business areas showed organic sales growth.
Operating income, excluding items affecting comparability, amounted to SEK 749m (720), corresponding to a margin of 2.9% (2.8).
Strong cash-flow improvement.
Income for the period, including items affecting comparability, was SEK 431m (361), and earnings per share SEK 1.50 (1.26).
A telephone conference is held at 9.00 CET on Friday, April 25, 2014. The conference is chaired by Keith McLoughlin, President and CEO of Electrolux. Mr. McLoughlin is accompanied by Tomas Eliasson, CFO.
A slide presentation on the first-quarter results of 2014 will be available on the Electrolux website http://www.electrolux.com/ir.
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
You can also listen to the presentation at http://www.electrolux.com/interim-report-webcast
Financial information from Electrolux is available at http://www.electrolux.com/ir