Q2 2021 Electrolux AB Earnings Call Transcript
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Good morning, and warm welcome to Electrolux's Second Quarter 2021 Results Presentation. My name is Jonas Samuelson. With me today, we have our CFO, Therese Friberg; our Head of Investor Relations, Sophie Arnius.
I'd like to mention that this session is recorded and will be available on our website as an on-demand version.
Let's look at our performance in the second quarter of 2021. Demand remains strong across our main markets, though with some signs of consumer spending patterns normalizing around midyear. Retailers' inventory levels have now partly been replenished depending on the region, but with imbalances in terms of product mix.
In North America, we assessed that the level is still on the low side, while Australia and Southeast Asia seem to have rather high levels of inventory. In Brazil, we see retail inventories normalizing, with the European picture more mixed with imbalances, but on average, on normal levels.
We had significant organic sales
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