Q3 2020 Electrolux Professional publ AB Earnings Call Transcript
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Good morning, and welcome to Electrolux Professional Q3 result presentation. My name is Jacob Broberg, Head of Investor Relations. With me, I have Alberto Zanata, President and CEO, Electrolux Professional; and Fabio Zarpellon, CFO.
So I will start with handing over to you, Alberto. Please go ahead.
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We closed the quarter with declining sales still affected by the pandemic but much less affected compared to the second quarter. So sales declined 16% -- 16.1% compared to the same quarter of last year, showing recovery of the market that improved steadily from June.
We closed the quarter with the EBITA margin that improved significantly versus the breakeven in Q2, reporting a 9.9% EBITA margin without item affecting comparability. And we will come back about this subject.
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