AB Electrolux to report smaller Q2 loss than previously anticipated, and sales growth in June
Electrolux said today it will report a smaller loss for the second quarter of 2020 than previously anticipated, with operating income estimated to be approximately SEK -100 million (1,219). This was driven by sales growth in June and successful cost mitigation actions. In the Q1 interim report published on May 7, 2020, Electrolux communicated that it expected a “significant” loss in the second quarter.Net sales in the second quarter are estimated to be approximately SEK 23.5 billion (29.2), a decrease of 17% organically. In June, however, the Group had an organic sales growth of 3%, year-