The Q3 21 set of figures came in below our expectations. Organic sales were rather flat (-0.3%) and the operating margin dropped to 5.3% of sales (-4.8pts). Electrolux was impacted by constraints in meeting market demand, additional temporary electronic component cost increases and higher ocean freight rates. The group anticipates a more challenging Q4 21 than Q3 21. For 2021, Electrolux still expects positive volume/price/mix. Conversely, the group downgraded its expectation on cost efficiency ....
27 Oct 2021
Constraints in meeting demand and cost inflation
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Constraints in meeting demand and cost inflation
The Q3 21 set of figures came in below our expectations. Organic sales were rather flat (-0.3%) and the operating margin dropped to 5.3% of sales (-4.8pts). Electrolux was impacted by constraints in meeting market demand, additional temporary electronic component cost increases and higher ocean freight rates. The group anticipates a more challenging Q4 21 than Q3 21. For 2021, Electrolux still expects positive volume/price/mix. Conversely, the group downgraded its expectation on cost efficiency ....