INTERIM REPORT JANUARY - MARCH 2019
Kai Wärn, President and CEO “The year has started well, driven by good sell-in volumes to our trade partners. Net sales for the Group increased by 4% in the first quarter, adjusted for changes in exchange rates*. All divisions delivered growth in core categories and prioritized growth segments. The exited Consumer Brands business had a negative effect of some 3 percentage points on net sales for the Group in the quarter, currency adjusted*. The operating income improved by 23%, excluding restructuring related expenses. Volume, product mix and price increases, as well as savings from