Interim report
Page 1
Q1 2021 Delivering strong profitable growth Net sales increased to SEK 29,026m ( 26,578 ) corresponding to an organic sales growth of 22.8 % . This was driven by significant volume growth and higher prices as well as product mix improvements . In general , market demand continued to be strong . Operating income increased to SEK 2,297m ( 122 ) , corresponding to a margin of 7.9 % ( 0.5 ) . The organic sales growth contribution was the key driver . Increased costs for external factors , mainly raw materials , were fully offset by higher prices . Significant sales and earnings improvements across all business areas . Income for the period amounted to SEK 1,556m ( -86 ) and earnings per share was SEK 5.41 ( -0.30 ) . Operating cash flow after investments was SEK -161m ( -2,938 ) . Financial overview SEKM Continuing operations ' Net sales Sales growth , % ² Organic growth , % Acquisitions , % Divestments , % Changes in exchange rates , % Operating income Operating margin , % Income after financial items Income for the period Earnings per share , SEK³ Q1 2021 Q1 2020 Change , % 29,026 23.0 26,578 9 -5.1 22.8 -5.1 0.2 0.0 -13.8 2.1 2,297 122 n.m. 7.9 0.5 2,177 -48 n.m. 1,556 -86 n.m. 5.41 -0.30 n.m. Return on net assets , % 42.6 1.8 Operating cash flow after investments -161 -2,938 Total Group , including discontinued operations ' Income for the period 1,556 Earnings per share , SEK³ 5.41 2,509 8.73 -38 -38 1 Discontinued operations refers to first quarter of 2020 and Electrolux Professional , which was separated from the Electrolux Group March 23 , 2020. For more information see Note 5 . 2 Change in net sales adjusted for currency translation effects . 3 Basic . " Income for the period for the first quarter of 2020 included a settlement gain from the distribution of Electrolux Professional of SEK 2,379m . For definitions , see pages 25-26 . AB Electrolux Interim Report January - March 2021 Stockholm , April 28 , 2021 Electrolux