Q2 2008
17 Jul, 2008
- Net sales increased by 2.4% excluding changes in exchange rates
- Earnings per share amounted to SEK 0.36 (1.94)
- Operating income declined to SEK 793m (921), excluding items affecting comparability
- Underlying result in North America stable despite the weak market development
- Electrolux product launch in North America is proceeding better than expected
- Declining markets in Western Europe and currently high product costs had a negative impact on operating income for appliances in Europe
- Cost-out initiatives in Europe are proceeding according to plan
- Improved results for appliances in Latin America, Asia/Pacific and for Professional Products
- Stable margin and result for floor-care products
- New outlook: We expect an operating income for the full year of 2008 of SEK 3,300-3,900m provided that the market for appliances in Europe declines by 1-2% and the market in North America declines by 5-8%
