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Tuesday | April 13 | 2021

Electrolux, record high operating income of SEK 3,220m in Q2 2020

Electrolux net sales amounted to SEK 32,004m (30,330). Organic sales increased by 15.2% in Q3 2020, an interim report shows.

There was registered a record high operating income of SEK 3,220m (1,063), corresponding to a margin of 10.1% (3.5), mainly driven by strong volumes and prices.

Income for the period amounted to SEK 2,356m (610) and earnings per share was SEK 8.20 (2.12).

The company registered a significant market recovery driven mainly by pent-up demand and government stimulus programs.

Electrolux Board proposes to reinstate a dividend for 2019 of SEK 7.00 (8.50) per share, to be paid in one instalment.

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