Q3 2020 Electrolux AB Earnings Call Transcript
()- -
Good morning, and a warm welcome to Electrolux Third Quarter 2020 Results Presentation. With me today, I have our CFO, Therese Friberg; and our Head of Investor Relations, Sophie Arnius.
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.
This has been an unprecedented year with great uncertainty where markets and operations have been strongly affected by the pandemic. But after a weak first half, with significant downturn in market demand across most regions, we now have experienced a third quarter with strong recoveries in most markets.
Let's look at our performance in the third quarter. We had strong volume growth across BAs, resulting in organic growth of 15.2%. The strong demand in all main markets in the quarter was, to a large extent, a result of pent-up demand after previous store closures and restrictions as well as government stimulus programs.
Due to pandemic restrictions
| 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
