Electrolux said today it will report a smaller loss for the second quarter of 2020 than previously anticipated, with operating income estimated to be approximately
Net sales in the second quarter are estimated to be approximately
In April, demand and production in several of Electrolux main markets were severely impacted by the strict countermeasures initiated by local authorities to limit the spread of the coronavirus.
As restrictions gradually have been lifted, markets primarily in
The strong execution on cost mitigation actions, including furloughs for employees in several markets and significantly reduced discretionary spending, has resulted in a more favorable net cost efficiency in the second quarter than previously anticipated.
Electrolux will not make any further comments until the second quarter interim report has been published.
For further information, please contact:
Sophie Arnius, Head of Investor Relations, +46 70 590 80 72
This is information that
Electrolux is a leading global appliance company that has shaped living for the better for more than 100 years. We reinvent taste, care and wellbeing experiences for millions of people, always striving to be at the forefront of sustainability in society through our solutions and operations. Under our brands, including Electrolux,
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