Q1 2022 Electrolux AB Earnings Call Transcript
()- -
Warm welcome, everybody, to the first quarter 2022 Electrolux Results Presentation. With me today, I have Therese Friberg, our CFO; and Sophie Arnius, our Head of Investor Relations. I would like to mention that this session is recorded and will be available on our website, as an on-demand version.
The beginning of the year has been dominated by the terrible situation in Ukraine. Russia's invasion is a serious violation of international law, and we are very concerned about the suffering it is causing our employees and the people of Ukraine. When the work commenced, we paused our operations in Russia and Ukraine, and after a careful assessment in Ukraine, we've restarted in the second half of April, with limited sales and production in our factory located in the Western part of the country. In Russia and Belarus, we do not have any factories.
In 2021, Russia, Belarus and Ukraine represented approximately 2% of total net sales for the Group, and as for March 31, 2022, assets
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
