February 28, 2017 / 12:31 PM / 9 months ago

Electrolux tweaks long-term sales growth target

STOCKHOLM, Feb 28 (Reuters) - Swedish home appliance maker Electrolux said Tuesday it would target total sales growth of at least 4 percent annually, removing a previous reference to the goal specifying like-for-like sales growth exclusively.

The updated financial targets, which left unchanged a goal for an operating margin of at least 6 percent, were released in the white goods maker’s annual report for 2016.

Electrolux had previously said it targeted annual organic sales growth of at least 4 percent, a measure which would exclude the impact of acquisitions. (Reporting by Johannes Hellstrom; editing by Niklas Pollard)

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