Q2 2020 Electrolux Professional publ AB Earnings Call Transcript
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Good morning, and welcome to Electrolux Professional Q2 presentation. My name is Jacob Broberg, I'm Head of Investor Relations. With me today are Alberto Zanata, President and CEO of Electrolux Professional; and Fabio Zarpellon, who is CFO.
And I'll start with handing over to Alberto. Please go ahead, Alberto.
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Thank you, Jacob. Good morning to everybody. Going straight to the quarter results. We had a challenging quarter with the sales dropping 40%. A challenging quarter that we closed breakeven and with a positive cash flow, thanks to basically 3 major areas of our activities. The first one is that the swift actions on the cost that we took in Q2, with a SEK 200 million of savings in the quarter. The second is that we captured the opportunity offered by the recovery in June with the development
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