Electrolux Q4 2020 Interim report: Innovation and consumer demand drive strong results
Highlights of the fourth quarter of 2020· Net sales amounted to SEK 33,902m (32,011). Organic sales increased by 17.5%, benefitting from continued high levels of home-improvement spending as well as positive mix and price development. · Operating income amounted to SEK 2,498m (960), corresponding to a margin of 7.4% (3.0). Higher prices and innovative high-margin products were key drivers. · Strong sales and earnings across all business areas. · Income for the period amounted to SEK 1,860m (366) and earnings per share was SEK 6.47 (1.27). · Operating cash flow after investments