Electrolux: stock in demand after Q4 results
(CercleFinance.com) - The Electrolux stock is soaring almost 10% in Stockholm today, after the group published net profit of nearly 1.
6 billion Swedish kronor (c. 154 million euros) in the last quarter of 2018, albeit down 21% year-on-year.
The group saw its adjusted operating margin fall by 0.8 point to 5.5%, for revenue that is up 2.5% at 34.4 billion Swedish kronor, with price increases and improvements in its product mix at most of its businesses.
With FY 2018 EPS of 13.24 Swedish kronor, the household appliance maker will propose a dividend that is up 2.4% at 8.50 Swedish kronor for 2018, which it will pay in two installments.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
6 billion Swedish kronor (c. 154 million euros) in the last quarter of 2018, albeit down 21% year-on-year.
The group saw its adjusted operating margin fall by 0.8 point to 5.5%, for revenue that is up 2.5% at 34.4 billion Swedish kronor, with price increases and improvements in its product mix at most of its businesses.
With FY 2018 EPS of 13.24 Swedish kronor, the household appliance maker will propose a dividend that is up 2.4% at 8.50 Swedish kronor for 2018, which it will pay in two installments.
Copyright (c) 2019 CercleFinance.com. All rights reserved.