Electrolux Q1 2018 interim report: Growth and solid earnings
Highlights of the first quarter of 2018· Net sales amounted to SEK 27,906m (28,201). Sales growth was 3.3%, while currency translation had a negative impact of 4.4%. Strong organic sales growth in Major Appliances EMEA and Asia/Pacific. · Operating income amounted to SEK 764m (1,442), corresponding to a margin of 2.7% (5.1). · Operating income includes restructuring costs of SEK 596m relating to the consolidation of freezer production in North America. Excluding these costs, operating income amounted to SEK 1,360m, corresponding to a margin of 4.9%. · Product mix improvements