Electrolux Group Interim report Q1 2024
Highlights of the first quarter of 2024 · Net sales amounted to SEK 31,077m (32,734). Organic sales decreased by 3.7% mainly driven by negative price. Weaker market demand resulted in lower volumes for the Group except in Latin America where increased consumer demand contributed to higher sales. · Mix improved supported by the new modularized platforms and attractive product offering, despite the challenging market conditions. · Operating income was SEK -720m (-256), corresponding to a margin of -2.3% (-0.8). Business area North America reported an operating loss of SEK 1,204m,