SlideShare a Scribd company logo
1 of 24
Download to read offline
Q2-14 Report
July 18, 2014
Keith McLoughlin, President and CEO
Tomas Eliasson, CFO
Q2 Highlights
2
(SEKm) Q2 2013 Q2 2014 Change %
Sales 27,674 26,330 -4.9%
Organic growth % -3.8%
Currency -1.1%
EBIT* 1,037 1,167 12.5%
Currency -430
Margin* 3.7 4.4 0.7%
EPS* 2.24 2.85 27.2%
* Excluding items affecting comparability.
Non-recurring items are excluded in all figures.
0%
1%
2%
3%
4%
5%
6%
2012 2013 2014
EBIT %
• Good performance in our
major markets
– Market recovery in Europe and
North America
– Weak volumes in Latin America
– Organic growth in Asia/Pacific
• Improved earnings
– Profit recovery in EMEA continues
– Positive impact from ongoing cost
reduction program
– Higher earnings in North America
– Good performance despite weak
market conditions in Latin America
• Strong cash flow
Market Highlights
• Driving better mix in core markets
– Strong focus on “Big 12” in North America
– Increased sales within built-in products in Europe
• Expanding the SDA range “The New Expressionist Collection”
• Driving growth in Electrolux Professional
– Professional ovens and dishwashers at the World Cup
– Design award for thermaline – high capacity kitchen
– Successful global launch of the Line 5000
3
Sales in Local Currencies
4
90,000
95,000
100,000
105,000
110,000
115,000
-5%
-3%
-1%
1%
3%
5%
7%
2011 2012 2013
SalesSEKm
Growth%
Organic growth % Acquired growth % Sales in local currencies, SEKm
2014
Major Appliances EMEA – Q2
• Improved profitability in Europe
– Sales growth in Benelux, UK and
recovery in Spain
– Volumes impacted by weak Eastern
Europe and Middle East
– Lower costs due to ongoing cost
reduction initiatives
– Improved mix driven by sales growth
in premium and built-in segments
– Currency and price pressure affect
earnings
5
(SEKm) Q2 2013 Q2 2014 Change %
Sales 8,040 8,107 0.8%
Organic growth % -2.2%
Currency +3.0%
EBIT* -2 199 nm
Currency effect -130
Margin* 0.0 2.5 2.5%
* Excluding items affecting comparability.
Non-recurring items are excluded in all figures.
EBIT %
-1%
1%
2%
3%
4%
5%
2012 2013 2014
-20%
-15%
-10%
-5%
0%
5%
10%
2006 2007 2008 2009 2010 2011 2012 2013
European White Goods Market
6Core White market development %
W. Eur. +4 +1 +1 +5 +1 +1 -1 -5 -4 -4 -5 -8 -9 -9 -4 -2 +1 0 0 0 -2 -2 -3 -3 -2 -4 -2 -2 -3 0 -1 -1 +2 +1
E. Eur. +1 +9 +6 +7 +14 +5 +5 +10 +6 +5 +4 -15 -31 -30 -26 -17 -7 +1 +5 +13 +13 +12 +7 +9 +5 +3 +2 +2 +3 +2 +1 -2 +4 +1
Quarterly comparison y-o-y
2014
Major Appliances North America –
Q2
• Continued growth in core
appliances
– Higher sales in core appliances
offset by lower room air-conditioners
– Improved results driven by strong
mix development
– Expansion in new distribution
channels and segments continues
– Consolidation of the cooking plant at
its final stage – closure in July 2014
– Refrigeration and laundry affected
by fire
7
(SEKm) Q2 2013 Q2 2014 Change %
Sales 8,448 8,464 0.2%
Organic growth % 0.5%
Currency -0.3%
EBIT* 663 680 2.6%
Currency effect -85
Margin* 7.8 8.0 0.2%
* Excluding items affecting comparability.
Non-recurring items are excluded in all figures.
0%
1%
2%
3%
4%
5%
6%
7%
8%
2012 2013 2014
EBIT %
-20%
-15%
-10%
-5%
0%
5%
10%
15%
2006 2007 2008 2009 2010 2011 2012 2013
North American White Goods Market
8
Quarterly comparison y-o-y
2014
Major Appliances Latin America – Q2
• Good performance in a weak
market
– Lower sales growth due to weak
demand in Brazil and Argentina
– Volumes adversly affected by the
FIFA World Cup
– Actions to reduce total costs
– Price increases continued to offset
currency headwinds
– Inflationary pressures
9
(SEKm) Q2 2013 Q2 2014 Change %
Sales 5,472 4,064 -25.7%
Organic growth % -19.0%
Currency -6.7%
EBIT* 261 142 -45.6%
Currency effect -130
Margin* 4.8 3.5 -1.3%
* Excluding items affecting comparability.
Non-recurring items are excluded in all figures.
0%
2%
4%
6%
8%
10%
12%
2012 2013 2014
EBIT %
Major Appliances Asia Pacific – Q2
10
(SEKm) Q2 2013 Q2 2014 Change %
Sales 2,227 2,221 -0.3%
Organic growth % 3.3%
Currency -3.6%
EBIT* 148 102 -31.1%
Currency effect -49
Margin* 6.6 4.6 -2.0%
* Excluding items affecting comparability.
Non-recurring items are excluded in all figures.
0%
2%
4%
6%
8%
10%
12%
2012 2013 2014
EBIT %
• Volume growth in Asia
– Organic growth of +3.3%
– Volume growth in China and
Southeast Asia
– Improved prices offset lower
volumes in Australia
– Launch investments in China and
plant ramp up costs in Thailand
continued to impact earnings
Small Appliances – Q2
11
(SEKm)’ Q2 2013 Q2 2014 Change %
Sales 2,104 1,938 -7.9%
Organic growth % -6.6%
Currency -1.3%
EBIT* 50 -41 -182.0%
Currency effect 4.8
Margin* 2.4 -2.1 -2.3%
* Excluding items affecting comparability.
Non-recurring items are excluded in all figures.
-4%
-2%
0%
2%
4%
6%
8%
10%
12%
2012 2013 2014
EBIT %
• Weak seasonal performance
– Lower growth driven by sales
shortfall in North America and
Latin America
– Positive volume growth in Asia
– Small domestic appliances (= non
floor care) continued growth
– Lower operating income due to
negative price and lower volumes
– Headwinds from emerging market
currencies
Professional Products – Q2
• Positive earnings momentum
– Strong organic growth of 8%
– Increased sales in Europe and
strong recovery in growth markets
– Continued focus on growth in new
markets and segments
– Improved margins due to higher
volumes and lower cost structure
12
(SEKm) Q2 2013 Q2 2014 Change %
Sales 1,383 1,536 11.1%
Organic growth % 8.0%
Currency 3.1%
EBIT* 112 172 53%
Currency effect -7
Margin* 8.1 11.2 3.1%
* Excluding items affecting comparability.
Non-recurring items are excluded in all figures.
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
2012 2013 2014
EBIT %
Financials
Q2-14
Tomas Eliasson, CFO
Financials
14
SEKm Q2 2013 Q2 2014 Change
Sales 27,674 26,330 -4.9%
Organic -3.8%
Acquired -
Currency -1,634 -327 -1.1%
EBIT (excl. IAC) 1,037 1,167 +12.5%
EBIT margin % 3.7 4.4 -
Op cash flow after investments 2,599 3,307 +27%
EPS (excl. IAC) 2.24 2.85 +27%
Sales and EBIT bridge
15
SEKm Q2 2013 Volume Price/Mix Currency
translation
Currency
transaction
Other Q2 2014
Net sales 27,674 -2,215 1,198 -327 - - 26,330
Growth % - -8.2% +4.4% -1.1% - - -4.9%
EBIT 1,037 -263 743 -10 -420 80 1,167
EBIT % 3.7% -11.9% 62.0% - - 4.4%
Accretion % 0.0% -1.5% 0.3%
Organic
1.9%
Currency Effects
16
Major transaction effects by, SEKm Q1 Q2 Q3 Q4
BRL -200 -80
ARS, CLP, VEF, COP -130 -50
CNY -1 -70
AUD -75 -35
RUB -15 -25
Total -565 -420
Translation effects, SEKm Q1 Q2 Q3 Q4
Total -55 -10
Total currency effects, SEKm -620 -430
Restructuring update
17
Charges
SEKbn
Announced
Q3 2013
Booked
Q4 2013
Booked
H1 2014
Total booked
as IAC
Manufacturing 2.2 0.5 0.9 1.4
Overhead 1.2 1.0 0.2 1.2
Total (I) 3.4 1.5 1.1 2.6
Impairment 1.0 0.9 - 0.9
Total (II) 4.4 2.4 1.1 3.5
Savings 1.8 - - 1.4
Q2 Cash Flow
18
SEKm 2013 Q2 2014 Q2
EBITDA 1,919 2,114
Change in operating
assets and liabilities
1,764 1,957
Investments -1,084 -764
Operating cash flow
after investments
2,599 3,307
Cash flow, 2011-2014
19
-4,000
-3,000
-2,000
-1,000
0
1,000
2,000
3,000
4,000
5,000
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2011 2012 2013 2014
Cash flow after investmentsSEKm
Outlook and
summary
Keith McLoughlin, President and CEO
Tomas Eliasson, CFO
Outlook
21
Q3 2014 FY 2014 Comments
Market volumes
Slightly
Positive
Slightly
Positive
Growth in NA and emerging markets,
Europe recovery, Brazil deteriorating
Price/Mix
Slightly
Positive
Slightly
Positive
Latin America and North America positive,
Europe: negative price, positive product mix
Asia/Pacific: negative country mix
Raw-material
costs
Flat Flat Range SEK -100m/+100m
R&D and
Marketing
Higher Higher
Higher marketing spend in North America
and Asia, higher global R&D
Cost savings
SEK 250-
300m
SEK 1bn-
1.2bn
Includes global operations, overhead
reduction and manufacturing footprint
Summary Q2
 Continued recovery in our core markets with a strong cash flow
 Price and mix improvement offset lower volume growth
 Profitability in EMEA is being restored
 Solid performance in North America driven by strong mix
 Given the weak market in Latin America performance was good
 Good growth in Asia and Professional Products
22
23
2323
24
Factors affecting forward-
looking statements
Factors affecting forward-looking statements
This presentation contains “forward-looking” statements within the meaning
of the US Private Securities Litigation Reform Act of 1995. Such statements
include, among others, the financial goals and targets of Electrolux for
future periods and future business and financial plans. These statements
are based on current expectations and are subject to risks and uncertainties
that could cause actual results to differ materially due to a variety of factors.
These factors include, but may not be limited to the following: consumer
demand and market conditions in the geographical areas and industries in
which Electrolux operates, effects of currency fluctuations, competitive
pressures to reduce prices, significant loss of business from major retailers,
the success in developing new products and marketing initiatives,
developments in product liability litigation, progress in achieving operational
and capital efficiency goals, the success in identifying growth opportunities
and acquisition candidates and the integration of these opportunities with
existing businesses, progress in achieving structural and supply-chain
reorganization goals.

More Related Content

What's hot

Electrolux Interim Report Q2 2015 - Presentation
Electrolux Interim Report Q2 2015 - PresentationElectrolux Interim Report Q2 2015 - Presentation
Electrolux Interim Report Q2 2015 - PresentationElectrolux Group
 
Electrolux Interim Report Q2 2016 - Presentation
Electrolux Interim Report Q2 2016 - PresentationElectrolux Interim Report Q2 2016 - Presentation
Electrolux Interim Report Q2 2016 - PresentationElectrolux Group
 
Electrolux - Interim Report Q3 2017 - Presentation
Electrolux - Interim Report Q3 2017 - PresentationElectrolux - Interim Report Q3 2017 - Presentation
Electrolux - Interim Report Q3 2017 - PresentationElectrolux Group
 
Electrolux Interim Report Q3 2015
Electrolux Interim Report Q3 2015Electrolux Interim Report Q3 2015
Electrolux Interim Report Q3 2015Electrolux Group
 
Electrolux Interim Report Q2 2013 Presentation
Electrolux Interim Report Q2 2013 PresentationElectrolux Interim Report Q2 2013 Presentation
Electrolux Interim Report Q2 2013 PresentationElectrolux Group
 
Electrolux Interim Report Q1 2013 - Presentation
Electrolux Interim Report Q1 2013 - PresentationElectrolux Interim Report Q1 2013 - Presentation
Electrolux Interim Report Q1 2013 - PresentationElectrolux Group
 
Electrolux Consolidated Results 2015 - Presentation
Electrolux Consolidated Results 2015 - PresentationElectrolux Consolidated Results 2015 - Presentation
Electrolux Consolidated Results 2015 - PresentationElectrolux Group
 
Electrolux consolidated results 2016 - Presentation
Electrolux consolidated results 2016 - PresentationElectrolux consolidated results 2016 - Presentation
Electrolux consolidated results 2016 - PresentationElectrolux Group
 
Electrolux Interim Report Q2 2015 - Report
Electrolux Interim Report Q2 2015 - ReportElectrolux Interim Report Q2 2015 - Report
Electrolux Interim Report Q2 2015 - ReportElectrolux Group
 
Electrolux Interim Report Q1 2016 - Presentation
Electrolux Interim Report Q1 2016 - PresentationElectrolux Interim Report Q1 2016 - Presentation
Electrolux Interim Report Q1 2016 - PresentationElectrolux Group
 
Electrolux Interim Report Q2 2016 - Report
Electrolux Interim Report Q2 2016 - ReportElectrolux Interim Report Q2 2016 - Report
Electrolux Interim Report Q2 2016 - ReportElectrolux Group
 
Electrolux Consolidated Results 2013 - Presentation
Electrolux Consolidated Results 2013 - PresentationElectrolux Consolidated Results 2013 - Presentation
Electrolux Consolidated Results 2013 - PresentationElectrolux Group
 
Electrolux Interim Report Q1 2017 Presentation
Electrolux Interim Report Q1 2017 PresentationElectrolux Interim Report Q1 2017 Presentation
Electrolux Interim Report Q1 2017 PresentationElectrolux Group
 
Electrolux Consolidated Results 2015 - Report
Electrolux Consolidated Results 2015 - ReportElectrolux Consolidated Results 2015 - Report
Electrolux Consolidated Results 2015 - ReportElectrolux Group
 
Electrolux Interim Report Q2 2017 - Presentation
Electrolux Interim Report Q2 2017 - PresentationElectrolux Interim Report Q2 2017 - Presentation
Electrolux Interim Report Q2 2017 - PresentationElectrolux Group
 
Electrolux Capital Markets Day 2011
Electrolux Capital Markets Day 2011Electrolux Capital Markets Day 2011
Electrolux Capital Markets Day 2011Electrolux Group
 
Electrolux Interim Report Q1 2016 - Report
Electrolux Interim Report Q1 2016 - ReportElectrolux Interim Report Q1 2016 - Report
Electrolux Interim Report Q1 2016 - ReportElectrolux Group
 
Electrolux Consolidated Results 2014 - Report
Electrolux Consolidated Results 2014 - ReportElectrolux Consolidated Results 2014 - Report
Electrolux Consolidated Results 2014 - ReportElectrolux Group
 
Electrolux Q2 interim report 2019: Good price momentum and focus on innovatio...
Electrolux Q2 interim report 2019: Good price momentum and focus on innovatio...Electrolux Q2 interim report 2019: Good price momentum and focus on innovatio...
Electrolux Q2 interim report 2019: Good price momentum and focus on innovatio...Electrolux Group
 
Electrolux Investor Day in New York, July 19 2013
Electrolux Investor Day in New York, July 19 2013Electrolux Investor Day in New York, July 19 2013
Electrolux Investor Day in New York, July 19 2013Electrolux Group
 

What's hot (20)

Electrolux Interim Report Q2 2015 - Presentation
Electrolux Interim Report Q2 2015 - PresentationElectrolux Interim Report Q2 2015 - Presentation
Electrolux Interim Report Q2 2015 - Presentation
 
Electrolux Interim Report Q2 2016 - Presentation
Electrolux Interim Report Q2 2016 - PresentationElectrolux Interim Report Q2 2016 - Presentation
Electrolux Interim Report Q2 2016 - Presentation
 
Electrolux - Interim Report Q3 2017 - Presentation
Electrolux - Interim Report Q3 2017 - PresentationElectrolux - Interim Report Q3 2017 - Presentation
Electrolux - Interim Report Q3 2017 - Presentation
 
Electrolux Interim Report Q3 2015
Electrolux Interim Report Q3 2015Electrolux Interim Report Q3 2015
Electrolux Interim Report Q3 2015
 
Electrolux Interim Report Q2 2013 Presentation
Electrolux Interim Report Q2 2013 PresentationElectrolux Interim Report Q2 2013 Presentation
Electrolux Interim Report Q2 2013 Presentation
 
Electrolux Interim Report Q1 2013 - Presentation
Electrolux Interim Report Q1 2013 - PresentationElectrolux Interim Report Q1 2013 - Presentation
Electrolux Interim Report Q1 2013 - Presentation
 
Electrolux Consolidated Results 2015 - Presentation
Electrolux Consolidated Results 2015 - PresentationElectrolux Consolidated Results 2015 - Presentation
Electrolux Consolidated Results 2015 - Presentation
 
Electrolux consolidated results 2016 - Presentation
Electrolux consolidated results 2016 - PresentationElectrolux consolidated results 2016 - Presentation
Electrolux consolidated results 2016 - Presentation
 
Electrolux Interim Report Q2 2015 - Report
Electrolux Interim Report Q2 2015 - ReportElectrolux Interim Report Q2 2015 - Report
Electrolux Interim Report Q2 2015 - Report
 
Electrolux Interim Report Q1 2016 - Presentation
Electrolux Interim Report Q1 2016 - PresentationElectrolux Interim Report Q1 2016 - Presentation
Electrolux Interim Report Q1 2016 - Presentation
 
Electrolux Interim Report Q2 2016 - Report
Electrolux Interim Report Q2 2016 - ReportElectrolux Interim Report Q2 2016 - Report
Electrolux Interim Report Q2 2016 - Report
 
Electrolux Consolidated Results 2013 - Presentation
Electrolux Consolidated Results 2013 - PresentationElectrolux Consolidated Results 2013 - Presentation
Electrolux Consolidated Results 2013 - Presentation
 
Electrolux Interim Report Q1 2017 Presentation
Electrolux Interim Report Q1 2017 PresentationElectrolux Interim Report Q1 2017 Presentation
Electrolux Interim Report Q1 2017 Presentation
 
Electrolux Consolidated Results 2015 - Report
Electrolux Consolidated Results 2015 - ReportElectrolux Consolidated Results 2015 - Report
Electrolux Consolidated Results 2015 - Report
 
Electrolux Interim Report Q2 2017 - Presentation
Electrolux Interim Report Q2 2017 - PresentationElectrolux Interim Report Q2 2017 - Presentation
Electrolux Interim Report Q2 2017 - Presentation
 
Electrolux Capital Markets Day 2011
Electrolux Capital Markets Day 2011Electrolux Capital Markets Day 2011
Electrolux Capital Markets Day 2011
 
Electrolux Interim Report Q1 2016 - Report
Electrolux Interim Report Q1 2016 - ReportElectrolux Interim Report Q1 2016 - Report
Electrolux Interim Report Q1 2016 - Report
 
Electrolux Consolidated Results 2014 - Report
Electrolux Consolidated Results 2014 - ReportElectrolux Consolidated Results 2014 - Report
Electrolux Consolidated Results 2014 - Report
 
Electrolux Q2 interim report 2019: Good price momentum and focus on innovatio...
Electrolux Q2 interim report 2019: Good price momentum and focus on innovatio...Electrolux Q2 interim report 2019: Good price momentum and focus on innovatio...
Electrolux Q2 interim report 2019: Good price momentum and focus on innovatio...
 
Electrolux Investor Day in New York, July 19 2013
Electrolux Investor Day in New York, July 19 2013Electrolux Investor Day in New York, July 19 2013
Electrolux Investor Day in New York, July 19 2013
 

Viewers also liked

Electrolux Interim Report Q2 2011 Presentation
Electrolux Interim Report Q2 2011 Presentation Electrolux Interim Report Q2 2011 Presentation
Electrolux Interim Report Q2 2011 Presentation Electrolux Group
 
Electrolux Interim Report Q1 2011 Presentation
Electrolux Interim Report Q1 2011 PresentationElectrolux Interim Report Q1 2011 Presentation
Electrolux Interim Report Q1 2011 PresentationElectrolux Group
 
Electrolux Interim Report Q3 2012 Presentation
Electrolux Interim Report Q3 2012 Presentation Electrolux Interim Report Q3 2012 Presentation
Electrolux Interim Report Q3 2012 Presentation Electrolux Group
 
Electrolux Consolidated results 2012 Presentation
Electrolux Consolidated results 2012 PresentationElectrolux Consolidated results 2012 Presentation
Electrolux Consolidated results 2012 PresentationElectrolux Group
 
Electrolux Interim Report Q2 2012 Presentation
Electrolux Interim Report Q2 2012 PresentationElectrolux Interim Report Q2 2012 Presentation
Electrolux Interim Report Q2 2012 PresentationElectrolux Group
 
Electrolux Interim Report Q1 2010 Presentation
Electrolux Interim Report Q1 2010 PresentationElectrolux Interim Report Q1 2010 Presentation
Electrolux Interim Report Q1 2010 PresentationElectrolux Group
 
Electrolux Interim Report Q3 2011 Presentation
Electrolux Interim Report Q3 2011 PresentationElectrolux Interim Report Q3 2011 Presentation
Electrolux Interim Report Q3 2011 PresentationElectrolux Group
 
Electrolux Consolidated results 2011 presentation
Electrolux Consolidated results 2011 presentationElectrolux Consolidated results 2011 presentation
Electrolux Consolidated results 2011 presentationElectrolux Group
 
Electrolux Interim Report Q2 2009 Presentation
Electrolux Interim Report Q2 2009 PresentationElectrolux Interim Report Q2 2009 Presentation
Electrolux Interim Report Q2 2009 PresentationElectrolux Group
 
Electrolux Interim Report Q2 2010 Presentation
Electrolux Interim Report Q2 2010 PresentationElectrolux Interim Report Q2 2010 Presentation
Electrolux Interim Report Q2 2010 PresentationElectrolux Group
 
Electrolux Interim Report Q4 2009 Presentation
Electrolux Interim Report Q4 2009 PresentationElectrolux Interim Report Q4 2009 Presentation
Electrolux Interim Report Q4 2009 PresentationElectrolux Group
 
Electrolux 2009-q3-presentation
Electrolux 2009-q3-presentationElectrolux 2009-q3-presentation
Electrolux 2009-q3-presentationElectrolux Group
 
Electrolux Interim Report Q1 2009 Presentation
Electrolux Interim Report Q1 2009 PresentationElectrolux Interim Report Q1 2009 Presentation
Electrolux Interim Report Q1 2009 PresentationElectrolux Group
 
Electrolux Interim Report Q1 2012 Presentation
Electrolux Interim Report Q1 2012 PresentationElectrolux Interim Report Q1 2012 Presentation
Electrolux Interim Report Q1 2012 PresentationElectrolux Group
 
Electrolux Interim Report Q3 2010 Presentation
Electrolux Interim Report Q3 2010 PresentationElectrolux Interim Report Q3 2010 Presentation
Electrolux Interim Report Q3 2010 PresentationElectrolux Group
 
Electrolux Interim Report Q4 2010 Presentation
Electrolux Interim Report Q4 2010 PresentationElectrolux Interim Report Q4 2010 Presentation
Electrolux Interim Report Q4 2010 PresentationElectrolux Group
 

Viewers also liked (16)

Electrolux Interim Report Q2 2011 Presentation
Electrolux Interim Report Q2 2011 Presentation Electrolux Interim Report Q2 2011 Presentation
Electrolux Interim Report Q2 2011 Presentation
 
Electrolux Interim Report Q1 2011 Presentation
Electrolux Interim Report Q1 2011 PresentationElectrolux Interim Report Q1 2011 Presentation
Electrolux Interim Report Q1 2011 Presentation
 
Electrolux Interim Report Q3 2012 Presentation
Electrolux Interim Report Q3 2012 Presentation Electrolux Interim Report Q3 2012 Presentation
Electrolux Interim Report Q3 2012 Presentation
 
Electrolux Consolidated results 2012 Presentation
Electrolux Consolidated results 2012 PresentationElectrolux Consolidated results 2012 Presentation
Electrolux Consolidated results 2012 Presentation
 
Electrolux Interim Report Q2 2012 Presentation
Electrolux Interim Report Q2 2012 PresentationElectrolux Interim Report Q2 2012 Presentation
Electrolux Interim Report Q2 2012 Presentation
 
Electrolux Interim Report Q1 2010 Presentation
Electrolux Interim Report Q1 2010 PresentationElectrolux Interim Report Q1 2010 Presentation
Electrolux Interim Report Q1 2010 Presentation
 
Electrolux Interim Report Q3 2011 Presentation
Electrolux Interim Report Q3 2011 PresentationElectrolux Interim Report Q3 2011 Presentation
Electrolux Interim Report Q3 2011 Presentation
 
Electrolux Consolidated results 2011 presentation
Electrolux Consolidated results 2011 presentationElectrolux Consolidated results 2011 presentation
Electrolux Consolidated results 2011 presentation
 
Electrolux Interim Report Q2 2009 Presentation
Electrolux Interim Report Q2 2009 PresentationElectrolux Interim Report Q2 2009 Presentation
Electrolux Interim Report Q2 2009 Presentation
 
Electrolux Interim Report Q2 2010 Presentation
Electrolux Interim Report Q2 2010 PresentationElectrolux Interim Report Q2 2010 Presentation
Electrolux Interim Report Q2 2010 Presentation
 
Electrolux Interim Report Q4 2009 Presentation
Electrolux Interim Report Q4 2009 PresentationElectrolux Interim Report Q4 2009 Presentation
Electrolux Interim Report Q4 2009 Presentation
 
Electrolux 2009-q3-presentation
Electrolux 2009-q3-presentationElectrolux 2009-q3-presentation
Electrolux 2009-q3-presentation
 
Electrolux Interim Report Q1 2009 Presentation
Electrolux Interim Report Q1 2009 PresentationElectrolux Interim Report Q1 2009 Presentation
Electrolux Interim Report Q1 2009 Presentation
 
Electrolux Interim Report Q1 2012 Presentation
Electrolux Interim Report Q1 2012 PresentationElectrolux Interim Report Q1 2012 Presentation
Electrolux Interim Report Q1 2012 Presentation
 
Electrolux Interim Report Q3 2010 Presentation
Electrolux Interim Report Q3 2010 PresentationElectrolux Interim Report Q3 2010 Presentation
Electrolux Interim Report Q3 2010 Presentation
 
Electrolux Interim Report Q4 2010 Presentation
Electrolux Interim Report Q4 2010 PresentationElectrolux Interim Report Q4 2010 Presentation
Electrolux Interim Report Q4 2010 Presentation
 

Similar to Electrolux Interim Report Q2 2014 Presentation

Q3 2014 investors resentation 23 october
Q3 2014 investors resentation 23 octoberQ3 2014 investors resentation 23 october
Q3 2014 investors resentation 23 octoberASSA ABLOY
 
ASSA ABLOY Q4 2014 investors presentation 5 February 2015
ASSA ABLOY Q4 2014 investors presentation 5 February 2015ASSA ABLOY Q4 2014 investors presentation 5 February 2015
ASSA ABLOY Q4 2014 investors presentation 5 February 2015ASSA ABLOY
 
Q2 2014 ASSA ABLOY investors presentation 18 July
Q2 2014 ASSA ABLOY investors presentation 18 JulyQ2 2014 ASSA ABLOY investors presentation 18 July
Q2 2014 ASSA ABLOY investors presentation 18 JulyASSA ABLOY
 
Q4 year end-2013 ASSA ABLOY invetors presentation 7 february
Q4 year end-2013 ASSA ABLOY invetors presentation 7 februaryQ4 year end-2013 ASSA ABLOY invetors presentation 7 february
Q4 year end-2013 ASSA ABLOY invetors presentation 7 februaryASSA ABLOY
 
Husqvarna Group Q4 2015 presentation
Husqvarna Group Q4 2015 presentationHusqvarna Group Q4 2015 presentation
Husqvarna Group Q4 2015 presentationHusqvarna Group
 
Q1 2013 assa abloy investors presentation 24 april
Q1 2013 assa abloy investors presentation 24 aprilQ1 2013 assa abloy investors presentation 24 april
Q1 2013 assa abloy investors presentation 24 aprilASSA ABLOY
 
Klöckner & Co - Q1 2013 Results
Klöckner & Co - Q1 2013 ResultsKlöckner & Co - Q1 2013 Results
Klöckner & Co - Q1 2013 ResultsKlöckner & Co SE
 
Q3 2015 investors presentation 20 october 2015
Q3 2015 investors presentation 20 october 2015Q3 2015 investors presentation 20 october 2015
Q3 2015 investors presentation 20 october 2015ASSA ABLOY
 
Q3 2015 Results presentation Husqvarna Group
Q3 2015 Results presentation Husqvarna GroupQ3 2015 Results presentation Husqvarna Group
Q3 2015 Results presentation Husqvarna GroupHusqvarna Group
 
Husqvarna Group Q2 Results Presentation
Husqvarna Group Q2 Results PresentationHusqvarna Group Q2 Results Presentation
Husqvarna Group Q2 Results PresentationHusqvarna Group
 
Husqvarna Group results q2 2014
Husqvarna Group results q2 2014Husqvarna Group results q2 2014
Husqvarna Group results q2 2014Husqvarna Group
 
Q1 2014 assa abloy investors presentation 29 april
Q1 2014 assa abloy investors presentation 29 aprilQ1 2014 assa abloy investors presentation 29 april
Q1 2014 assa abloy investors presentation 29 aprilASSA ABLOY
 
Kloeckner & Co Analysts and Investor Presentation 3rd Quarter results 2014
Kloeckner & Co Analysts and Investor Presentation 3rd Quarter results 2014Kloeckner & Co Analysts and Investor Presentation 3rd Quarter results 2014
Kloeckner & Co Analysts and Investor Presentation 3rd Quarter results 2014Klöckner & Co SE
 
Year-End Report Presentation 2014 Husqvarna Group
Year-End Report Presentation 2014 Husqvarna GroupYear-End Report Presentation 2014 Husqvarna Group
Year-End Report Presentation 2014 Husqvarna GroupHusqvarna Group
 
Q2 2013 ASSA ABLOY investors presentation 19 july
Q2 2013 ASSA ABLOY investors presentation 19 julyQ2 2013 ASSA ABLOY investors presentation 19 july
Q2 2013 ASSA ABLOY investors presentation 19 julyASSA ABLOY
 
P&g presentation
P&g presentationP&g presentation
P&g presentationElisa Reyes
 
Procter and Gamble Financial Report
Procter and Gamble Financial ReportProcter and Gamble Financial Report
Procter and Gamble Financial ReportElisa Reyes
 
Metso Interim Review Q3 2015 presentation
Metso Interim Review Q3 2015 presentationMetso Interim Review Q3 2015 presentation
Metso Interim Review Q3 2015 presentationMetso Group
 
Q3 2013 ASSA ABLOY investors presentation 28 october
Q3 2013 ASSA ABLOY investors presentation 28 octoberQ3 2013 ASSA ABLOY investors presentation 28 october
Q3 2013 ASSA ABLOY investors presentation 28 octoberASSA ABLOY
 
ASSA ABLOY Q1 presentation 27 april 2016
ASSA ABLOY Q1 presentation 27 april 2016ASSA ABLOY Q1 presentation 27 april 2016
ASSA ABLOY Q1 presentation 27 april 2016ASSA ABLOY
 

Similar to Electrolux Interim Report Q2 2014 Presentation (20)

Q3 2014 investors resentation 23 october
Q3 2014 investors resentation 23 octoberQ3 2014 investors resentation 23 october
Q3 2014 investors resentation 23 october
 
ASSA ABLOY Q4 2014 investors presentation 5 February 2015
ASSA ABLOY Q4 2014 investors presentation 5 February 2015ASSA ABLOY Q4 2014 investors presentation 5 February 2015
ASSA ABLOY Q4 2014 investors presentation 5 February 2015
 
Q2 2014 ASSA ABLOY investors presentation 18 July
Q2 2014 ASSA ABLOY investors presentation 18 JulyQ2 2014 ASSA ABLOY investors presentation 18 July
Q2 2014 ASSA ABLOY investors presentation 18 July
 
Q4 year end-2013 ASSA ABLOY invetors presentation 7 february
Q4 year end-2013 ASSA ABLOY invetors presentation 7 februaryQ4 year end-2013 ASSA ABLOY invetors presentation 7 february
Q4 year end-2013 ASSA ABLOY invetors presentation 7 february
 
Husqvarna Group Q4 2015 presentation
Husqvarna Group Q4 2015 presentationHusqvarna Group Q4 2015 presentation
Husqvarna Group Q4 2015 presentation
 
Q1 2013 assa abloy investors presentation 24 april
Q1 2013 assa abloy investors presentation 24 aprilQ1 2013 assa abloy investors presentation 24 april
Q1 2013 assa abloy investors presentation 24 april
 
Klöckner & Co - Q1 2013 Results
Klöckner & Co - Q1 2013 ResultsKlöckner & Co - Q1 2013 Results
Klöckner & Co - Q1 2013 Results
 
Q3 2015 investors presentation 20 october 2015
Q3 2015 investors presentation 20 october 2015Q3 2015 investors presentation 20 october 2015
Q3 2015 investors presentation 20 october 2015
 
Q3 2015 Results presentation Husqvarna Group
Q3 2015 Results presentation Husqvarna GroupQ3 2015 Results presentation Husqvarna Group
Q3 2015 Results presentation Husqvarna Group
 
Husqvarna Group Q2 Results Presentation
Husqvarna Group Q2 Results PresentationHusqvarna Group Q2 Results Presentation
Husqvarna Group Q2 Results Presentation
 
Husqvarna Group results q2 2014
Husqvarna Group results q2 2014Husqvarna Group results q2 2014
Husqvarna Group results q2 2014
 
Q1 2014 assa abloy investors presentation 29 april
Q1 2014 assa abloy investors presentation 29 aprilQ1 2014 assa abloy investors presentation 29 april
Q1 2014 assa abloy investors presentation 29 april
 
Kloeckner & Co Analysts and Investor Presentation 3rd Quarter results 2014
Kloeckner & Co Analysts and Investor Presentation 3rd Quarter results 2014Kloeckner & Co Analysts and Investor Presentation 3rd Quarter results 2014
Kloeckner & Co Analysts and Investor Presentation 3rd Quarter results 2014
 
Year-End Report Presentation 2014 Husqvarna Group
Year-End Report Presentation 2014 Husqvarna GroupYear-End Report Presentation 2014 Husqvarna Group
Year-End Report Presentation 2014 Husqvarna Group
 
Q2 2013 ASSA ABLOY investors presentation 19 july
Q2 2013 ASSA ABLOY investors presentation 19 julyQ2 2013 ASSA ABLOY investors presentation 19 july
Q2 2013 ASSA ABLOY investors presentation 19 july
 
P&g presentation
P&g presentationP&g presentation
P&g presentation
 
Procter and Gamble Financial Report
Procter and Gamble Financial ReportProcter and Gamble Financial Report
Procter and Gamble Financial Report
 
Metso Interim Review Q3 2015 presentation
Metso Interim Review Q3 2015 presentationMetso Interim Review Q3 2015 presentation
Metso Interim Review Q3 2015 presentation
 
Q3 2013 ASSA ABLOY investors presentation 28 october
Q3 2013 ASSA ABLOY investors presentation 28 octoberQ3 2013 ASSA ABLOY investors presentation 28 october
Q3 2013 ASSA ABLOY investors presentation 28 october
 
ASSA ABLOY Q1 presentation 27 april 2016
ASSA ABLOY Q1 presentation 27 april 2016ASSA ABLOY Q1 presentation 27 april 2016
ASSA ABLOY Q1 presentation 27 april 2016
 

More from Electrolux Group

Electrolux Q2 interim report 2019: Good price momentum and focus on innovation
Electrolux Q2 interim report 2019: Good price momentum and focus on innovationElectrolux Q2 interim report 2019: Good price momentum and focus on innovation
Electrolux Q2 interim report 2019: Good price momentum and focus on innovationElectrolux Group
 
Electrolux Interim Report Q3 2018 - Presentation
Electrolux Interim Report Q3 2018 - PresentationElectrolux Interim Report Q3 2018 - Presentation
Electrolux Interim Report Q3 2018 - PresentationElectrolux Group
 
Electrolux Interim Report Q3 2018 - Report
Electrolux Interim Report Q3 2018 - ReportElectrolux Interim Report Q3 2018 - Report
Electrolux Interim Report Q3 2018 - ReportElectrolux Group
 
Electrolux Interim Report Q2 2018 - Presentation
Electrolux Interim Report Q2 2018 - PresentationElectrolux Interim Report Q2 2018 - Presentation
Electrolux Interim Report Q2 2018 - PresentationElectrolux Group
 
Electrolux Interim Report Q2 2018 - Report
Electrolux Interim Report Q2 2018 - ReportElectrolux Interim Report Q2 2018 - Report
Electrolux Interim Report Q2 2018 - ReportElectrolux Group
 
Electrolux Interim Report Q1 2018 - Presentation
Electrolux Interim Report Q1 2018 - PresentationElectrolux Interim Report Q1 2018 - Presentation
Electrolux Interim Report Q1 2018 - PresentationElectrolux Group
 
Electrolux Interim Report Q1 2018 - Report
Electrolux Interim Report Q1 2018 - ReportElectrolux Interim Report Q1 2018 - Report
Electrolux Interim Report Q1 2018 - ReportElectrolux Group
 
Electrolux Consolidated Results 2017 - Presentation
Electrolux Consolidated Results 2017 - PresentationElectrolux Consolidated Results 2017 - Presentation
Electrolux Consolidated Results 2017 - PresentationElectrolux Group
 
Electrolux Consolidated Results 2017 - Report
Electrolux Consolidated Results 2017 - ReportElectrolux Consolidated Results 2017 - Report
Electrolux Consolidated Results 2017 - ReportElectrolux Group
 
Electrolux Human Touch - Presentation
Electrolux Human Touch - PresentationElectrolux Human Touch - Presentation
Electrolux Human Touch - PresentationElectrolux Group
 
Electrolux - Interim Report Q3 2017 - Report
Electrolux - Interim Report Q3 2017 - ReportElectrolux - Interim Report Q3 2017 - Report
Electrolux - Interim Report Q3 2017 - ReportElectrolux Group
 
Electrolux Interim Report Q2 2017 - Report
Electrolux Interim Report Q2 2017 - ReportElectrolux Interim Report Q2 2017 - Report
Electrolux Interim Report Q2 2017 - ReportElectrolux Group
 
The Electrolux Culture Deck
The Electrolux Culture DeckThe Electrolux Culture Deck
The Electrolux Culture DeckElectrolux Group
 
Electrolux Interim Report Q1 2017 Report
Electrolux Interim Report Q1 2017 ReportElectrolux Interim Report Q1 2017 Report
Electrolux Interim Report Q1 2017 ReportElectrolux Group
 
Electrolux consolidated results 2016 - Report
Electrolux consolidated results 2016 - ReportElectrolux consolidated results 2016 - Report
Electrolux consolidated results 2016 - ReportElectrolux Group
 
Electrolux Interim Report Q3 2016 - Report
Electrolux Interim Report Q3 2016 - ReportElectrolux Interim Report Q3 2016 - Report
Electrolux Interim Report Q3 2016 - ReportElectrolux Group
 

More from Electrolux Group (16)

Electrolux Q2 interim report 2019: Good price momentum and focus on innovation
Electrolux Q2 interim report 2019: Good price momentum and focus on innovationElectrolux Q2 interim report 2019: Good price momentum and focus on innovation
Electrolux Q2 interim report 2019: Good price momentum and focus on innovation
 
Electrolux Interim Report Q3 2018 - Presentation
Electrolux Interim Report Q3 2018 - PresentationElectrolux Interim Report Q3 2018 - Presentation
Electrolux Interim Report Q3 2018 - Presentation
 
Electrolux Interim Report Q3 2018 - Report
Electrolux Interim Report Q3 2018 - ReportElectrolux Interim Report Q3 2018 - Report
Electrolux Interim Report Q3 2018 - Report
 
Electrolux Interim Report Q2 2018 - Presentation
Electrolux Interim Report Q2 2018 - PresentationElectrolux Interim Report Q2 2018 - Presentation
Electrolux Interim Report Q2 2018 - Presentation
 
Electrolux Interim Report Q2 2018 - Report
Electrolux Interim Report Q2 2018 - ReportElectrolux Interim Report Q2 2018 - Report
Electrolux Interim Report Q2 2018 - Report
 
Electrolux Interim Report Q1 2018 - Presentation
Electrolux Interim Report Q1 2018 - PresentationElectrolux Interim Report Q1 2018 - Presentation
Electrolux Interim Report Q1 2018 - Presentation
 
Electrolux Interim Report Q1 2018 - Report
Electrolux Interim Report Q1 2018 - ReportElectrolux Interim Report Q1 2018 - Report
Electrolux Interim Report Q1 2018 - Report
 
Electrolux Consolidated Results 2017 - Presentation
Electrolux Consolidated Results 2017 - PresentationElectrolux Consolidated Results 2017 - Presentation
Electrolux Consolidated Results 2017 - Presentation
 
Electrolux Consolidated Results 2017 - Report
Electrolux Consolidated Results 2017 - ReportElectrolux Consolidated Results 2017 - Report
Electrolux Consolidated Results 2017 - Report
 
Electrolux Human Touch - Presentation
Electrolux Human Touch - PresentationElectrolux Human Touch - Presentation
Electrolux Human Touch - Presentation
 
Electrolux - Interim Report Q3 2017 - Report
Electrolux - Interim Report Q3 2017 - ReportElectrolux - Interim Report Q3 2017 - Report
Electrolux - Interim Report Q3 2017 - Report
 
Electrolux Interim Report Q2 2017 - Report
Electrolux Interim Report Q2 2017 - ReportElectrolux Interim Report Q2 2017 - Report
Electrolux Interim Report Q2 2017 - Report
 
The Electrolux Culture Deck
The Electrolux Culture DeckThe Electrolux Culture Deck
The Electrolux Culture Deck
 
Electrolux Interim Report Q1 2017 Report
Electrolux Interim Report Q1 2017 ReportElectrolux Interim Report Q1 2017 Report
Electrolux Interim Report Q1 2017 Report
 
Electrolux consolidated results 2016 - Report
Electrolux consolidated results 2016 - ReportElectrolux consolidated results 2016 - Report
Electrolux consolidated results 2016 - Report
 
Electrolux Interim Report Q3 2016 - Report
Electrolux Interim Report Q3 2016 - ReportElectrolux Interim Report Q3 2016 - Report
Electrolux Interim Report Q3 2016 - Report
 

Recently uploaded

Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...
Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...
Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...USDAReapgrants.com
 
Basic Accountants in|TaxlinkConcept.pdf
Basic  Accountants in|TaxlinkConcept.pdfBasic  Accountants in|TaxlinkConcept.pdf
Basic Accountants in|TaxlinkConcept.pdftaxlinkcpa
 
the 25 most beautiful words for a loving and lasting relationship.pdf
the 25 most beautiful words for a loving and lasting relationship.pdfthe 25 most beautiful words for a loving and lasting relationship.pdf
the 25 most beautiful words for a loving and lasting relationship.pdfFrancenel Paul
 
Nicola Mining Inc. Corporate Presentation April 2024
Nicola Mining Inc. Corporate Presentation April 2024Nicola Mining Inc. Corporate Presentation April 2024
Nicola Mining Inc. Corporate Presentation April 2024nicola_mining
 
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCRSapana Sha
 
Corporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdfCorporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdfProbe Gold
 
WheelTug PLC Pitch Deck | Investor Insights | April 2024
WheelTug PLC Pitch Deck | Investor Insights | April 2024WheelTug PLC Pitch Deck | Investor Insights | April 2024
WheelTug PLC Pitch Deck | Investor Insights | April 2024Hector Del Castillo, CPM, CPMM
 
Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024CollectiveMining1
 
Best investment platform in india - falcon invoice discounting
Best investment platform in india - falcon invoice discountingBest investment platform in india - falcon invoice discounting
Best investment platform in india - falcon invoice discountingFalcon Invoice Discounting
 
Q1 Quarterly Update - April 16, 2024.pdf
Q1 Quarterly Update - April 16, 2024.pdfQ1 Quarterly Update - April 16, 2024.pdf
Q1 Quarterly Update - April 16, 2024.pdfProbe Gold
 
slideshare_2404_presentation materials_en.pdf
slideshare_2404_presentation materials_en.pdfslideshare_2404_presentation materials_en.pdf
slideshare_2404_presentation materials_en.pdfsansanir
 
The Concept of Humanity in Islam and its effects at future of humanity
The Concept of Humanity in Islam and its effects at future of humanityThe Concept of Humanity in Islam and its effects at future of humanity
The Concept of Humanity in Islam and its effects at future of humanityJohanAspro
 
Corporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdfCorporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdfProbe Gold
 
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 60009654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000Sapana Sha
 

Recently uploaded (19)

Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...
Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...
Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...
 
young call girls in Yamuna Vihar 🔝 9953056974 🔝 Delhi escort Service
young  call girls in   Yamuna Vihar 🔝 9953056974 🔝 Delhi escort Serviceyoung  call girls in   Yamuna Vihar 🔝 9953056974 🔝 Delhi escort Service
young call girls in Yamuna Vihar 🔝 9953056974 🔝 Delhi escort Service
 
Basic Accountants in|TaxlinkConcept.pdf
Basic  Accountants in|TaxlinkConcept.pdfBasic  Accountants in|TaxlinkConcept.pdf
Basic Accountants in|TaxlinkConcept.pdf
 
the 25 most beautiful words for a loving and lasting relationship.pdf
the 25 most beautiful words for a loving and lasting relationship.pdfthe 25 most beautiful words for a loving and lasting relationship.pdf
the 25 most beautiful words for a loving and lasting relationship.pdf
 
Nicola Mining Inc. Corporate Presentation April 2024
Nicola Mining Inc. Corporate Presentation April 2024Nicola Mining Inc. Corporate Presentation April 2024
Nicola Mining Inc. Corporate Presentation April 2024
 
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR
 
Corporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdfCorporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdf
 
WheelTug PLC Pitch Deck | Investor Insights | April 2024
WheelTug PLC Pitch Deck | Investor Insights | April 2024WheelTug PLC Pitch Deck | Investor Insights | April 2024
WheelTug PLC Pitch Deck | Investor Insights | April 2024
 
Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024
 
Best investment platform in india - falcon invoice discounting
Best investment platform in india - falcon invoice discountingBest investment platform in india - falcon invoice discounting
Best investment platform in india - falcon invoice discounting
 
Q1 Quarterly Update - April 16, 2024.pdf
Q1 Quarterly Update - April 16, 2024.pdfQ1 Quarterly Update - April 16, 2024.pdf
Q1 Quarterly Update - April 16, 2024.pdf
 
young call girls in Govindpuri 🔝 9953056974 🔝 Delhi escort Service
young call girls in Govindpuri 🔝 9953056974 🔝 Delhi escort Serviceyoung call girls in Govindpuri 🔝 9953056974 🔝 Delhi escort Service
young call girls in Govindpuri 🔝 9953056974 🔝 Delhi escort Service
 
slideshare_2404_presentation materials_en.pdf
slideshare_2404_presentation materials_en.pdfslideshare_2404_presentation materials_en.pdf
slideshare_2404_presentation materials_en.pdf
 
The Concept of Humanity in Islam and its effects at future of humanity
The Concept of Humanity in Islam and its effects at future of humanityThe Concept of Humanity in Islam and its effects at future of humanity
The Concept of Humanity in Islam and its effects at future of humanity
 
Call Girls in South Ex⎝⎝9953056974⎝⎝ Escort Delhi NCR
Call Girls in South Ex⎝⎝9953056974⎝⎝ Escort Delhi NCRCall Girls in South Ex⎝⎝9953056974⎝⎝ Escort Delhi NCR
Call Girls in South Ex⎝⎝9953056974⎝⎝ Escort Delhi NCR
 
Corporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdfCorporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdf
 
young Call girls in Dwarka sector 1🔝 9953056974 🔝 Delhi escort Service
young Call girls in Dwarka sector 1🔝 9953056974 🔝 Delhi escort Serviceyoung Call girls in Dwarka sector 1🔝 9953056974 🔝 Delhi escort Service
young Call girls in Dwarka sector 1🔝 9953056974 🔝 Delhi escort Service
 
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 60009654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000
 
young call girls in Hauz Khas,🔝 9953056974 🔝 escort Service
young call girls in Hauz Khas,🔝 9953056974 🔝 escort Serviceyoung call girls in Hauz Khas,🔝 9953056974 🔝 escort Service
young call girls in Hauz Khas,🔝 9953056974 🔝 escort Service
 

Electrolux Interim Report Q2 2014 Presentation

  • 1. Q2-14 Report July 18, 2014 Keith McLoughlin, President and CEO Tomas Eliasson, CFO
  • 2. Q2 Highlights 2 (SEKm) Q2 2013 Q2 2014 Change % Sales 27,674 26,330 -4.9% Organic growth % -3.8% Currency -1.1% EBIT* 1,037 1,167 12.5% Currency -430 Margin* 3.7 4.4 0.7% EPS* 2.24 2.85 27.2% * Excluding items affecting comparability. Non-recurring items are excluded in all figures. 0% 1% 2% 3% 4% 5% 6% 2012 2013 2014 EBIT % • Good performance in our major markets – Market recovery in Europe and North America – Weak volumes in Latin America – Organic growth in Asia/Pacific • Improved earnings – Profit recovery in EMEA continues – Positive impact from ongoing cost reduction program – Higher earnings in North America – Good performance despite weak market conditions in Latin America • Strong cash flow
  • 3. Market Highlights • Driving better mix in core markets – Strong focus on “Big 12” in North America – Increased sales within built-in products in Europe • Expanding the SDA range “The New Expressionist Collection” • Driving growth in Electrolux Professional – Professional ovens and dishwashers at the World Cup – Design award for thermaline – high capacity kitchen – Successful global launch of the Line 5000 3
  • 4. Sales in Local Currencies 4 90,000 95,000 100,000 105,000 110,000 115,000 -5% -3% -1% 1% 3% 5% 7% 2011 2012 2013 SalesSEKm Growth% Organic growth % Acquired growth % Sales in local currencies, SEKm 2014
  • 5. Major Appliances EMEA – Q2 • Improved profitability in Europe – Sales growth in Benelux, UK and recovery in Spain – Volumes impacted by weak Eastern Europe and Middle East – Lower costs due to ongoing cost reduction initiatives – Improved mix driven by sales growth in premium and built-in segments – Currency and price pressure affect earnings 5 (SEKm) Q2 2013 Q2 2014 Change % Sales 8,040 8,107 0.8% Organic growth % -2.2% Currency +3.0% EBIT* -2 199 nm Currency effect -130 Margin* 0.0 2.5 2.5% * Excluding items affecting comparability. Non-recurring items are excluded in all figures. EBIT % -1% 1% 2% 3% 4% 5% 2012 2013 2014
  • 6. -20% -15% -10% -5% 0% 5% 10% 2006 2007 2008 2009 2010 2011 2012 2013 European White Goods Market 6Core White market development % W. Eur. +4 +1 +1 +5 +1 +1 -1 -5 -4 -4 -5 -8 -9 -9 -4 -2 +1 0 0 0 -2 -2 -3 -3 -2 -4 -2 -2 -3 0 -1 -1 +2 +1 E. Eur. +1 +9 +6 +7 +14 +5 +5 +10 +6 +5 +4 -15 -31 -30 -26 -17 -7 +1 +5 +13 +13 +12 +7 +9 +5 +3 +2 +2 +3 +2 +1 -2 +4 +1 Quarterly comparison y-o-y 2014
  • 7. Major Appliances North America – Q2 • Continued growth in core appliances – Higher sales in core appliances offset by lower room air-conditioners – Improved results driven by strong mix development – Expansion in new distribution channels and segments continues – Consolidation of the cooking plant at its final stage – closure in July 2014 – Refrigeration and laundry affected by fire 7 (SEKm) Q2 2013 Q2 2014 Change % Sales 8,448 8,464 0.2% Organic growth % 0.5% Currency -0.3% EBIT* 663 680 2.6% Currency effect -85 Margin* 7.8 8.0 0.2% * Excluding items affecting comparability. Non-recurring items are excluded in all figures. 0% 1% 2% 3% 4% 5% 6% 7% 8% 2012 2013 2014 EBIT %
  • 8. -20% -15% -10% -5% 0% 5% 10% 15% 2006 2007 2008 2009 2010 2011 2012 2013 North American White Goods Market 8 Quarterly comparison y-o-y 2014
  • 9. Major Appliances Latin America – Q2 • Good performance in a weak market – Lower sales growth due to weak demand in Brazil and Argentina – Volumes adversly affected by the FIFA World Cup – Actions to reduce total costs – Price increases continued to offset currency headwinds – Inflationary pressures 9 (SEKm) Q2 2013 Q2 2014 Change % Sales 5,472 4,064 -25.7% Organic growth % -19.0% Currency -6.7% EBIT* 261 142 -45.6% Currency effect -130 Margin* 4.8 3.5 -1.3% * Excluding items affecting comparability. Non-recurring items are excluded in all figures. 0% 2% 4% 6% 8% 10% 12% 2012 2013 2014 EBIT %
  • 10. Major Appliances Asia Pacific – Q2 10 (SEKm) Q2 2013 Q2 2014 Change % Sales 2,227 2,221 -0.3% Organic growth % 3.3% Currency -3.6% EBIT* 148 102 -31.1% Currency effect -49 Margin* 6.6 4.6 -2.0% * Excluding items affecting comparability. Non-recurring items are excluded in all figures. 0% 2% 4% 6% 8% 10% 12% 2012 2013 2014 EBIT % • Volume growth in Asia – Organic growth of +3.3% – Volume growth in China and Southeast Asia – Improved prices offset lower volumes in Australia – Launch investments in China and plant ramp up costs in Thailand continued to impact earnings
  • 11. Small Appliances – Q2 11 (SEKm)’ Q2 2013 Q2 2014 Change % Sales 2,104 1,938 -7.9% Organic growth % -6.6% Currency -1.3% EBIT* 50 -41 -182.0% Currency effect 4.8 Margin* 2.4 -2.1 -2.3% * Excluding items affecting comparability. Non-recurring items are excluded in all figures. -4% -2% 0% 2% 4% 6% 8% 10% 12% 2012 2013 2014 EBIT % • Weak seasonal performance – Lower growth driven by sales shortfall in North America and Latin America – Positive volume growth in Asia – Small domestic appliances (= non floor care) continued growth – Lower operating income due to negative price and lower volumes – Headwinds from emerging market currencies
  • 12. Professional Products – Q2 • Positive earnings momentum – Strong organic growth of 8% – Increased sales in Europe and strong recovery in growth markets – Continued focus on growth in new markets and segments – Improved margins due to higher volumes and lower cost structure 12 (SEKm) Q2 2013 Q2 2014 Change % Sales 1,383 1,536 11.1% Organic growth % 8.0% Currency 3.1% EBIT* 112 172 53% Currency effect -7 Margin* 8.1 11.2 3.1% * Excluding items affecting comparability. Non-recurring items are excluded in all figures. 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 2012 2013 2014 EBIT %
  • 14. Financials 14 SEKm Q2 2013 Q2 2014 Change Sales 27,674 26,330 -4.9% Organic -3.8% Acquired - Currency -1,634 -327 -1.1% EBIT (excl. IAC) 1,037 1,167 +12.5% EBIT margin % 3.7 4.4 - Op cash flow after investments 2,599 3,307 +27% EPS (excl. IAC) 2.24 2.85 +27%
  • 15. Sales and EBIT bridge 15 SEKm Q2 2013 Volume Price/Mix Currency translation Currency transaction Other Q2 2014 Net sales 27,674 -2,215 1,198 -327 - - 26,330 Growth % - -8.2% +4.4% -1.1% - - -4.9% EBIT 1,037 -263 743 -10 -420 80 1,167 EBIT % 3.7% -11.9% 62.0% - - 4.4% Accretion % 0.0% -1.5% 0.3% Organic 1.9%
  • 16. Currency Effects 16 Major transaction effects by, SEKm Q1 Q2 Q3 Q4 BRL -200 -80 ARS, CLP, VEF, COP -130 -50 CNY -1 -70 AUD -75 -35 RUB -15 -25 Total -565 -420 Translation effects, SEKm Q1 Q2 Q3 Q4 Total -55 -10 Total currency effects, SEKm -620 -430
  • 17. Restructuring update 17 Charges SEKbn Announced Q3 2013 Booked Q4 2013 Booked H1 2014 Total booked as IAC Manufacturing 2.2 0.5 0.9 1.4 Overhead 1.2 1.0 0.2 1.2 Total (I) 3.4 1.5 1.1 2.6 Impairment 1.0 0.9 - 0.9 Total (II) 4.4 2.4 1.1 3.5 Savings 1.8 - - 1.4
  • 18. Q2 Cash Flow 18 SEKm 2013 Q2 2014 Q2 EBITDA 1,919 2,114 Change in operating assets and liabilities 1,764 1,957 Investments -1,084 -764 Operating cash flow after investments 2,599 3,307
  • 19. Cash flow, 2011-2014 19 -4,000 -3,000 -2,000 -1,000 0 1,000 2,000 3,000 4,000 5,000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2011 2012 2013 2014 Cash flow after investmentsSEKm
  • 20. Outlook and summary Keith McLoughlin, President and CEO Tomas Eliasson, CFO
  • 21. Outlook 21 Q3 2014 FY 2014 Comments Market volumes Slightly Positive Slightly Positive Growth in NA and emerging markets, Europe recovery, Brazil deteriorating Price/Mix Slightly Positive Slightly Positive Latin America and North America positive, Europe: negative price, positive product mix Asia/Pacific: negative country mix Raw-material costs Flat Flat Range SEK -100m/+100m R&D and Marketing Higher Higher Higher marketing spend in North America and Asia, higher global R&D Cost savings SEK 250- 300m SEK 1bn- 1.2bn Includes global operations, overhead reduction and manufacturing footprint
  • 22. Summary Q2  Continued recovery in our core markets with a strong cash flow  Price and mix improvement offset lower volume growth  Profitability in EMEA is being restored  Solid performance in North America driven by strong mix  Given the weak market in Latin America performance was good  Good growth in Asia and Professional Products 22
  • 24. 24 Factors affecting forward- looking statements Factors affecting forward-looking statements This presentation contains “forward-looking” statements within the meaning of the US Private Securities Litigation Reform Act of 1995. Such statements include, among others, the financial goals and targets of Electrolux for future periods and future business and financial plans. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially due to a variety of factors. These factors include, but may not be limited to the following: consumer demand and market conditions in the geographical areas and industries in which Electrolux operates, effects of currency fluctuations, competitive pressures to reduce prices, significant loss of business from major retailers, the success in developing new products and marketing initiatives, developments in product liability litigation, progress in achieving operational and capital efficiency goals, the success in identifying growth opportunities and acquisition candidates and the integration of these opportunities with existing businesses, progress in achieving structural and supply-chain reorganization goals.