Electrolux AB (FRA:ELXC)
€ 8.758 -0.072 (-0.82%) Market Cap: 2.36 Bil Enterprise Value: 4.95 Bil PE Ratio: 0 PB Ratio: 2.88 GF Score: 69/100

Q3 2020 Electrolux AB Earnings Call Transcript

Oct 23, 2020 / 07:00AM GMT
Release Date Price: €19.9 (+1.63%)
Jonas Samuelson;publ;President
AB Electrolux;CEO & Director

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Good morning, and a warm welcome to Electrolux Third Quarter 2020 Results Presentation. With me today, I have our CFO, Therese Friberg; and our Head of Investor Relations, Sophie Arnius.

Before we start, I'd like to mention that this session is recorded and will be available on our website as an on-demand version.

This has been an unprecedented year with great uncertainty where markets and operations have been strongly affected by the pandemic. But after a weak first half, with significant downturn in market demand across most regions, we now have experienced a third quarter with strong recoveries in most markets.

Let's look at our performance in the third quarter. We had strong volume growth across BAs, resulting in organic growth of 15.2%. The strong demand in all main markets in the quarter was, to a large extent, a result of pent-up demand after previous store closures and restrictions as well as government stimulus programs.

Due to pandemic restrictions

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