Electrolux Q1 2022 Interim report: Consistent execution in a challenging environment
Highlights of the first quarter of 2022 · Net sales increased to SEK 30,118m (29,026), corresponding to an organic sales decline of 3.4%. This was driven by lower volumes compared to a strong last year, partially offset by strong price execution. · Operating income amounted to SEK 1,575m (2,297), corresponding to a margin of 5.2% (7.9). · Operating income includes a positive non-recurring item of SEK 656m, related to the U.S. tariff case, impacting the business area North America. Excluding this non-recurring item, operating income amounted to SEK 919m, corresponding to a margin