Q3 2021 Electrolux AB Earnings Call Transcript
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Good morning, everyone, and a warm welcome to Electrolux Third Quarter 2021 Results Presentation.
With me this morning, I have Therese Friberg, our CFO; and Sophie Arnius, our Head of Investor Relations.
And 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.
Let's look at our performance in the third quarter of 2021.
Demand was solid in most markets, with normalization above pre-pandemic trends. Retailers inventory levels have been replenished in most regions but with imbalances in terms of product mix. In North America though, we assess the level to still be on the low side. Last year's third quarter benefited from a significant market recovery, mainly driven by pent-up demand and government stimulus programs. Net sales were essentially flat in the quarter. And compared to third quarter 2019, sales growth was 15%. I'm very pleased with the strong price realization, mainly driven
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