Electrolux Q4 2018 Interim Report: Good Progress in a Challenging Environment
AB ELECTROLUX B S/ADR (ELUXY)
NASDAQ:AMEX Investor Relations:
finance.yahoo.com/quote/eluxy
Company Research
Source: PR Newswire
STOCKHOLM, Feb. 1, 2019 /PRNewswire/ --Highlights of the fourth quarter of 2018 Net sales amounted to SEK 34,425m (32,580). Sales growth was 2.5%, driven by price increases and mix improvements across most business areas. Operating income amounted to SEK 1,963m (2,065), corresponding to a margin of 5.7% (6.3). Four business areas achieved above 6% margin. Excluding a non-recurring item of SEK +71m relating to the completion of the French antitrust proceeding, operating income amounted to SEK 1,892m, corresponding to a margin of 5.5% (6.3). Positive earnings contribution from volume/price/mix across all business areas partly offset higher input costs and currency headwinds. Major Appliances North America faced higher cost inflation from tariffs and a decline in sales to private label. Operating cash flow after investments amounted to SEK 3,163m (2,078). Income for the period decreased to SEK 1,575m (2,002), and earnings per share was SEK 5.48 (6.97). The Board proposes a dividend for 2
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