Electrolux Q3 2018 Interim report: Price increases in a challenging environment
Highlights of the third quarter of 2018· Net sales amounted to SEK 30,444m (29,042). Sales growth was 0.7%, mainly driven by price increases in several markets. · Operating income amounted to SEK 1,756m (1,981), corresponding to a margin of 5.8% (6.8). · Increased prices and mix contributed positively across all business areas but could not fully offset higher input costs, lower volumes and accelerating currency headwinds in Latin America. · Major Appliances North America also faced higher cost inflation from tariffs in addition to lower sales to private label. ·