Electrolux had a very strong Q4 20. Organic sales grew by 17.5% and the operating margin surged to 7.4% of sales (+4.4pts yoy). The group benefited from strong spending in major appliances in H2 20 as the COVID-19 pandemic requires people to stay at home. For 2021, Electrolux is expecting a positive volume/price/mix effect, higher raw material costs and negative currency effects, offset by price increases, positive cost efficiency and an increase in innovation and marketing expenses.
