Electrolux Q3 2022 Interim report: Weak North America and strength in emerging markets
Highlights of the third quarter of 2022 · Net sales increased to SEK 35,244m (30,929), corresponding to an organic sales growth of 1.2%. Strong price execution and mix improvements were partly offset by significantly lower volumes driven by weaker market demand. · Operating income amounted to SEK -385m (1,639), corresponding to a margin of -1.1% (5.3). · Operating income includes a negative non-recurring item of SEK 350m, related to the exit from the Russian market, impacting business area Europe. Excluding this non-recurring item, operating income amounted to SEK -35m,