Electrolux Group Q2 2023 Interim report
Highlights of the second quarter of 2023 · Net sales amounted to SEK 32,653m (33,749). The organic sales decline of 8.4% was driven by the continued weak market demand with consumers shifting to lower price points, resulting in significantly lower volumes. Supported by the competitive product offering, mix was flat despite the decline in market demand being particularly evident in key product categories for the Group. Price was somewhat positive although promotions increased significantly. · Operating income amounted to SEK -124m (560), corresponding to a margin of -0.4% (1.7).