Electrolux Q1 2022 Interim report: Consistent execution in a challenging environmen

Highlights of the first quarter of 2022Net sales increased to SEK 30,118m (29,026), corresponding to an organic sales decline of 3.4%. This was driven by lower volumes compared to a strong last year, partially offset by strong price execution.Operating income amounted to SEK 1,575m (2,297), corresponding to a margin of 5.2% (7.9).Operating income includes a positive non-recurring item of SEK 656m, related to the U.S. tariff case, impacting the business area North America. Excluding this non-recurring item, operating income amounted to SEK 919m, corresponding to a margin of 3.1% (7.9). Significant cost increases and supply constraints impacting volume were not fully compensated by price increases and new product launches.Income for the period amounted to SEK 950m (1,556) and earnings per share was SEK 3.40 (5.41).Operating cash flow after investments was SEK -5,280m (-161). In addition to a more normal seasonal outflow compared to last year, global supply chain constraints further increased inventory levels.

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