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ELUX B Electrolux AB News Story

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Brief: Electrolux Q3 EBIT At SEK 890 Mln, Above Estimates

Oct 30 (Reuters) - Electrolux AB ELUXb.ST:

Q3 REVENUE SEK 32,318 MILLION VERSUS ESTIMATE SEK 31,711 MILLION

Q3 EBIT SEK 890 MILLION VERSUS ESTIMATE SEK 875 MILLION

Q3 NET INCOME SEK 192 MILLION

Q3 ORGANIC GROWTH 4.6%

Q3 EPS SEK 0.71

WE HAVE REDUCED OUR OUTLOOK FOR CAPITAL EXPENDITURE TO APPROXIMATELY SEK 3.5-4BN FROM PREVIOUSLY SEK 4-5BN.

IMPLEMENTING CHANGES WITHIN BUSINESS AREA EUROPE, 
ASIA-PACIFIC, MIDDLE EAST, AND AFRICA

WILL BE DIVIDED INTO REGION EUROPE, MIDDLE EAST AND AFRICA (EMEA) AND REGION ASIA-PACIFIC (APAC)

COST EFFICIENCY CONTRIBUTED WITH SEK 0.8BN

NEGATIVE PRICE DEVELOPMENT, PARTLY OFFSET BY A POSITIVE IMPACT FROM HIGHER VOLUMES AND SLIGHTLY FAVORABLE MIX

CURRENCY HEADWINDS FROM A WEAKER AUSTRALIAN DOLLAR

LABOR COST INFLATION WAS PARTLY OFFSET BY SLIGHTLY LOWER RAW MATERIAL COSTS

Source text: ID:nWkr9tRMbZ

Further company coverage: [ELUXb.ST]

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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