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Electrolux worse than expected



  

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Tuesday, 19 July 2011
Appliance manufacturer Electrolux reported a profit before tax of Skr696 million for the second quarter.
That compares with profit of Skr1.269 million the same period last year.
Analysts had on average expected a profit of Skr869 million kronor, according to Reuters consensus.
Sales amounted to Skr24.143 million, compared to Skr27.311 billion a year earlier.
By Scancomark.se Team

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Summary: second quarter Summary: first six months

Order intake increased by 32 percent* to SEK 7,424 (6,267) million.
Net sales increased by 23 percent* to SEK 7,033 (6,359) million.
Adjusted EBITA was SEK 1,335 (1,192) million.
Adjusted EBITA-margin was 19.0 (18.7) percent.
Result after financial items was SEK 1,175 (1,147) million.
Net income was SEK 811 (838) million.                                        
Earnings per share was SEK 1.92 (1.97).
Cash flow from operating activities was SEK 1,432 (892) million.
Impact on EBITA of foreign exchange effects was SEK -189 (105) million.
Impact on result after financial items of:
- Aalborg integration costs was SEK -80(-) million
- reversed restructuring provisions was SEK - (80) million
 
Order intake increased by 35 percent* to SEK 13,879 (11,356) million.
Net sales increased by 21 percent* to SEK 12,932 (11,740) million.
Adjusted EBITA was SEK 2,469 (2,204) million.
Adjusted EBITA-margin was 19.1 (18.8) percent.
Result after financial items was SEK 2,182 (2,047) million.
Net income was SEK 1,537 (1,453) million.                                        
Earnings per share was SEK 3.63 (3.42).
Cash flow from operating activities was SEK 1,870 (1,899) million.
Impact on EBITA of foreign exchange effects was SEK -274 (200) million.
Impact on result after financial items of:
- Aalborg integration costs was SEK -80(-) million
- reversed restructuring provisions was SEK - (80) million.

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