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
Further company coverage: [ELUXb.ST]
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