Electrolux 2015 Annual Report Download - page 80
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Net sales and income
Net sales
Net sales for the Electrolux Group in amounted
to SEK ,m (,). The organic sales growth
was .%. Major Appliances North America, Major
Appliances EMEA and Professional Products reported
organic sales growth. The product mix improved and
prices increased in several regions, while sales volumes
declined. was a year with a strong focus on the most
profitable products and sales channels, which improved
the mix. Acquisitions had an impact on sales by .%.
Net sales and operating margin
SEKm %
Net sales
Operating margin
0
25,000
50,000
75,000
100,000
125,000
1514131211
0.0
1.5
3.0
4.5
6.0
7.5
Operating income
Operating income for amounted to SEK ,m
(,), corresponding to a margin of .% (.). Operating
income includes costs of SEK ,m related to the not
completed acquisition of GE Appliances, excluding these
costs the margin was .% (.).
Operating income for Major Appliances EMEA contrib-
uted strongly to the results for . Professional Products
also reported a positive development, while operating
income for the other business areas declined. Soft market
demand particularly in emerging markets such as Latin
America and severe currency headwinds had a negative
impact on operating income for .
Effects of changes in exchange rates
Changes in exchange rates had a negative impact year-
over-year on operating income of SEK –,m. Operations
in Latin America, Asia/Pacific and Europe were mainly
impacted by a stronger USD against local currencies. The
negative impact on operating income was to a large extent
mitigated by price increases and mix improvements.
Financial net
Net financial items increased to SEK –m (–). Financial
items includes costs of SEK m for a bridge facility related
to the not completed acquisition of GE Appliances.
Income after financial items
Income after financial items decreased to SEK ,m (,),
corresponding to .% (.) of net sales.
Taxes
Total taxes for amounted to SEK –m (–), corre-
sponding to a tax rate of .% (.).
Income for the period and earnings per share
Income for the period amounted to SEK ,m (,),
corresponding to SEK . (.) in earnings per share
before dilution.
Earnings per share
SEK
1514131211
• Sales increased by .%, of which .% was organic growth, .% acquisitions and .%
currency translation.
• Operating income amounted to SEK ,m (,), corresponding to a margin of .% (.).
• Operating income includes costs of SEK ,m related to the not completed acquisition of
GE Appliances, excluding these costs the margin was .% (.).
• Income for the period was SEK ,m (,), corresponding to SEK . (.) per share.
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ECTROLUX ANNUAL REPORT