Electrolux Q3 interim report 2019: Further strengthening innovation and efficiency
Highlights of the third quarter of 2019· Net sales amounted to SEK 32,520m (30,444). Sales growth of 1.0%, driven by price/mix improvements. · Operating income amounted to SEK 1,189m (1,756), corresponding to a margin of 3.7% (5.8). · Operating income includes non-recurring items of SEK -412m (0) relating to restructuring charges for efficiency measures and outsourcing projects across the Group, recovery of overpaid sales tax in Brazil and a legal settlement in the U.S. Excluding these items, operating income amounted to SEK 1,601m (1,756), corresponding to a margin of 4.9% (5.8). ·