Electrolux net sales amounted to SEK 23,476m in Q2 2020

Cristian Hatis 1 Min Read

Electrolux net sales amounted to SEK 23,476m (29,232). Organic sales declined by 16.6%, due to lower volumes.

The development of the coronavirus pandemic impacted market demand significantly in our main markets and also resulted in supply constraints in North America.  

Operating income amounted to SEK -62m (1,219), corresponding to a margin of -0.3% (4.2). Comprehensive cost measures executed to mitigate the effects from the pandemic on earnings.

Negative currency impact on operating income of approximately SEK 360m.

Income for the period amounted to SEK -141m (1,006), and earnings per share was SEK -0.49 (3.50). Operating cash flow after investments was SEK 122m (-25).

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