President and CEO Hans Stråberg’s comments on the third-quarter results of 2010
Strong result in a volatile market Electrolux presents a very strong result for the third quarter. Substantial increases in raw material costs and increased investments in marketing account for somewhat lower earnings than last year. Despite this, we reached an operating margin of 6% for the first three quarters. This result strengthens my conviction that our goal of a 6% operating margin for the full-year 2010 is within reach.I want to take special notice of the operations in Europe, which report a good result for the third quarter, even excluding certain positive non-recurring