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| Name | Symbol | Market | Type |
|---|---|---|---|
| AB Electrolux (PK) | USOTC:ELUXY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.03 | -0.18% | 16.39 | 16.25 | 16.65 | 16.50 | 16.26 | 16.50 | 2,427 | 21:21:14 |
From Jul 2019 to Jul 2024
By Christina Zander
STOCKHOLM--Swedish household appliance maker Electrolux AB (ELUX-B.SK) said Thursday that it swung to a fourth-quarter loss after booking costs related to a failed attempt to buy General Electric Co.'s (GE) appliance business.
Europe's largest appliance maker by sales posted a net loss for the three months to Dec. 31 of 393 million Swedish kronor ($46.2 million), compared with a net profit of SEK970 million kronor in the same period last year, due to charges of SEK1.66 billion related to the failed GE Appliances acquisition. Analysts polled by FactSet expected a net loss of SEK483 million.
Sales in the quarter were SEK31.79 billion, up from SEK31.40 billion, while it posted an operating loss of SEK202 million, compared with a profit of SEK1.40 billion in the same period last year.
The board proposed a dividend of SEK6.50 a share, unchanged from 2014.
The company's shares closed at SEK180 on Wednesday.
Write to Christina Zander at christina.zander@wsj.com
(END) Dow Jones Newswires
January 28, 2016 02:43 ET (07:43 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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