Strong growth in the second quarter for Electrolux

Strong growth in the second quarter for Electrolux

Significant growth is expected in the second quarter of 2021, according to President and CEO Jonas Samuelson. “In the second quarter, we continued to capitalize on the lucrative market, price spikes and demand for innovative products,” he said. Operating profit was SEK 1983 million, margin of 6.5% and organic sales growth of 39.1%. A year ago, due to restrictions imposed by the coronavirus pandemic, volumes were significantly reduced, which was partially controlled by temporary spending measures. Compared to Q2 2019, organic sales growth was 16.4%. Thanks to the hard work of our colleagues and close cooperation with our suppliers, the high demand has been successfully met, especially given the global supply shortage of electronic components. However, due to irregular supplies, production efficiency and demand adjustments suffered. The market for electronic components is expected to be more limited

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