Continued tough market conditions in the quarter. Third-quarter results were impacted by continued tough market conditions.
Read moreInterim Report Q3 2011 Results Presentation
Highlights of the third quarter of 2011
- Net sales amounted to SEK 25,650m (26,326) and income for the period was SEK 825m (1,381), or SEK 2.90 (4.85) per share.
- Net sales increased by 2.2% in comparable currencies and including one month of sales from Olympic Group, mainly as a result of higher sales volumes.
- Operating income amounted to SEK 1,098m (1,977), corresponding to a margin of 4.3% (7.5), excluding items affecting comparability.
- Price pressure and increased costs for raw materials had an adverse impact on operating income.
- Weak demand in mature markets while demand in emerging markets continued to show strong growth.
- Solid results for operations in Latin America and Professional Products.
- Stable underlying cash flow from operations.
- Acquisition of appliance company Olympic Group in Egypt completed.
- Acquisition of appliance company CTI in Chile announced and completed.
- Operating income includes approximately SEK 90m in expenses related to the acquisitions.
- Changed market outlook; decline in mature markets.
| Date | Document | Language |
|---|---|---|
| October 28, 2011 | Electrolux Presentation Q3 2011 | English |
Highlights of the third quarter of 2011. Net sales amounted to SEK 25,650m (26,326) and income for the period was SEK 825m (1,381), or SEK 2.90 (4.85) per share.
Read moreElectrolux results for the third quarter will be published on October 28, 2011.
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