Electrolux Q1 interim report 2020: Proactive cost actions and strengthened liquidity
The comments and figures in this report refer to continuing operations unless otherwise stated Highlights of the first quarter of 2020 · Net sales declined to SEK 26,578m (27,408). Sales growth was -5.1%, due to lower volumes. The development of the coronavirus pandemic impacted market demand at the end of the quarter. · Operating income amounted to SEK 122m (-53), corresponding to a margin of 0.5% (-0.2). The comparison period included non-recurring items of SEK -1,054m. · The negative impact on operating income from the coronavirus situation was approximately SEK 400m.