Q4 2020 Electrolux Professional publ AB Earnings Call Transcript
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So welcome to Electrolux Professional Q4 presentation. My name is Jacob Broberg. I'm Head of Investor Relations. With me I have Alberto Zanata, CEO; and Fabio Zarpellon, CFO. I will now leave the floor to Alberto. Please go ahead, Alberto.
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Good morning. Thank you, Jacob, and good morning to everybody. Q4, I would summarize the quarter saying that along the quarter, we had a strong cash flow generation despite the turbulent times that we have been facing during the last part of the quarter. Sales declined by 13.2% with an EBIT margin stable compared to last year. Considering the situation, we have also to say that the Board proposed to pay no dividend. And we have also -- the other highlight that I wanted to raise in the quarter is the fact that we continued in our strategic initiatives. Strategic initiatives,
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