Electrolux grows in EMEA regions

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Electrolux

Electrolux closed the fourth quarter of 2015 with an increase in net sales by 1.3%, of which 0.2% was organic sales growth, 0.1% acquisitions and 1.0% currency translation. The company recorded particularly strong results for Major Appliances EMEA and Professional Products. Electrolux operations in EMEA reported organic sales growth of 6% in the fourth quarter. This growth was mainly a result of increased sales volumes and improved product mix, which more than offset continued price pressure. For the full year organic sales growth was 0.2%. Acquisitions and currency translation had a positive impact on sales of 0.1% and 1.0%, respectively. Major Appliances EMEA, Major Appliances North America and Professional Products reported organic sales growth. Sales for Major Appliances Latin America, Major Appliances Asia/Pacific and Small Appliances were impacted by weak market trends. Market demand for core appliances in Western Europe increased by 3% in the fourth quarter. Most markets in Eastern Europe increased but the overall demand was impacted by continued decline in Russia. Demand in Eastern Europe declined by 24%. In total, the European market increased by 3% excluding Russia. Market demand for core appliances in North America increased by 8%.