Q3 2008
27 Oct, 2008
- Net sales amounted to SEK 26,349m (26,374). Net sales rose by 1.6% in comparable currencies.
- Earnings per share amounted to SEK 2.99 (2.71)
- Operating income amounted to SEK 1,178m (1,152), excluding items affecting comparability
- Despite a weak market in North America, operating income is stable mainly as a result of price increases
- The Electrolux product launch in North America continues to exceed expectations
- Income for appliances in Europe was negatively impacted by declining volumes and prices, which was partly offset by cost savings
- Improved results for appliances in Latin America and Asia/Pacific, Professional Products and floor-care products
- The outlook for our operating income is unchanged. We expect an operating income for 2008 of SEK 3,300-3,900m. The increasing uncertainty in the overall global economy makes it extremely difficult to predict the market development. Therefore, we have decided not to present a market forecast for the remaining part of the year.
