Electrolux: Interim Report January – June 2013
STOCKHOLM -- July 19, 2013
Electrolux (STO:ELUXA) (STO:ELUXB):
Highlights of the second quarter of 2013
*Net sales amounted to SEK 27,674m (27,763) and income for the period was
SEK 642m (701), or SEK 2.24 (2.44) per share.
*Organic sales growth was 5.9%, while currencies had a negative impact of
*Latin America reported an organic growth of 18%.
*The North American core appliances market was up by approximately 9% in
the quarter and Electrolux continued to gain market share in its core
*North America reached an operating margin of 8% as a result of increased
volumes and improvements in price and mix.
*In Europe, lower volumes and prices as well as negative currency movements
impacted results negatively.
*Negative impact from currencies by SEK –181m impacted earnings for Europe
and Latin America.
*Operating cash flow improved substantially over the first quarter of 2013
and amounted to SEK 2.5 billion.
A telephone conference is held at 13.00 CET on July 19, 2013. The conference
is chaired by Keith McLoughlin, President and CEO of Electrolux. Mr.
McLoughlin is accompanied by Tomas Eliasson, CFO, and Peter Nyquist, SVP
Investor Relations and Financial Information.
A slide presentation on the second-quarter results of 2013 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
Financial information from Electrolux is available at
This information was brought to you by Cision http://news.cision.com
Senior Vice President
Head of Investor Relations and Financial Information
+46 (0)8 738 60 03
Press spacebar to pause and continue. Press esc to stop.