Organic sales growth accelerated sequentially (+22.8% vs +17.5% in Q4 20) and benefited from a low comparative in Q1 20 (-5.1%). The Americas was the most buoyant market (+22.9% in North America, +58.3% in Latin America). The operating income recovered and represented a record margin rate of 7.9% of sales. Electrolux benefited from high volume growth, price increases and an improved product mix but also the supply chain was under pressure. The normalisation of demand is still anticipated in H2 2 ....
28 Apr 2021
Buoyant sales and some pressure in the supply chain
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Buoyant sales and some pressure in the supply chain
Organic sales growth accelerated sequentially (+22.8% vs +17.5% in Q4 20) and benefited from a low comparative in Q1 20 (-5.1%). The Americas was the most buoyant market (+22.9% in North America, +58.3% in Latin America). The operating income recovered and represented a record margin rate of 7.9% of sales. Electrolux benefited from high volume growth, price increases and an improved product mix but also the supply chain was under pressure. The normalisation of demand is still anticipated in H2 2 ....