Electrolux AB (OTCPK:ELUXY)
$ 16.94 -0.15 (-0.88%) Market Cap: 2.29 Bil Enterprise Value: 5.00 Bil PE Ratio: 0 PB Ratio: 3.25 GF Score: 71/100

Q3 2019 Electrolux AB Earnings Call Transcript

Oct 25, 2019 / 07:00AM GMT
Release Date Price: $55.07 (+5.76%)
Jonas Samuelson;publ;President
AB Electrolux;CEO & Director

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Good morning, and a warm welcome to this Electrolux Third Quarter 2019 Results Presentation. With me today, I have Therese Friberg, our CFO; and Sophie Arnius, our Head of Investor Relations. I would also like to mention that this session is recorded and will be available on our website as an on-demand version.

Turning to the third quarter highlights. As we've talked about for a number of years now, innovation and operational excellence are the key pillars for us to drive profitable growth. In the third quarter, we further strengthened our platform for the future by launching groundbreaking products and initiating additional efficiency measures. This is on top of an additionally already very solid pipeline of activities.

We have a strong yield on our innovation power as we also, in Q3, have mix improvements across business areas as a result of major product launches and the focus on our core brands to drive product mix. This, together with price increases, resulted in organic

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