Commodities: Electrolux Q3 Profit Climbs On Sales Growth – Quick Facts

Fri Oct 23 02:16:00 2015 EDT

 

(RTTNews) - European home appliances giant Electrolux AB (0MDT.L, 0GQ1.L, ELUXY.PK) Friday reported that its third-quarter income was 1.014 billion Swedish kronor or 3.53 kronor per share, higher than last year's 933 million kronor or 3.26 kronor per share.

Net sales increased to 31.28 billion kronor from 28.78 billion kronor last year. Sales increased by 8.7 percent, of which 2.1 percent was organic sales growth, 0.3 percent acquisitions and 6.3 percent currency translation.

The company recorded organic sales growth for Major Appliances EMEA and Major Appliances North America.

Operating income amounted to 1.506 billion kronor, higher than last year's 1.392 billion kronor, corresponding to a margin of 4.8 percent, same as last year.

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