President and CEO Jonas Samuelson’s comments on the results for the second quarter 2016
Significant earnings improvementElectrolux operating income for the second quarter increased significantly compared to the same period previous year and amounted to SEK 1,564m. Of the Group’s six business areas, four achieved an operating margin of above 6%. The improvement was particularly strong in Major Appliances EMEA and Major Appliances North America. Major Appliances Asia/Pacific and Professional Products showed a stable development in earnings. Measures to restore profitability within Small Appliances continued. A continued weak market environment in Latin America impacted the