Electrolux President and CEO Jonas Samuelson’s comments on the results for the third quarter 2017
Earnings improvement for the Group continuesIn the third quarter Electrolux continued to deliver earnings improvement, achieving an operating margin of 6.7%. Profitability increased across our business areas with four business areas reaching an operating margin above 7%. The favorable earnings trend was supported by product mix improvements and accelerated cost efficiency despite organic sales decline, mainly related to North America. In EMEA, the positive product mix development continued and our premium brands gained market share. Operating income improved and the margin increased to 7.