Interim report
Page 1
Strong price execution in a supply constrained environment Net sales amounted to SEK 30,929m ( 32,004 ) and organic sales was in line with last year . Market demand normalized at above pre - pandemic levels . Q3 2021 ● Price and mix continued to increase , while global supply chain constraints resulted in difficulties in meeting underlying market demand . • Operating income amounted to SEK 1,639m ( 3,220 ) , corresponding to a margin of 5.3 % ( 10.1 ) . Strong price execution offset significant increase in headwind from external factors , but did not fully offset temporary higher costs for express logistics and electronic components . Additional list price increases were announced to be implemented after the third quarter . Income for the period amounted to SEK 1,143m ( 2,356 ) and earnings per share was SEK 3.98 ( 8.20 ) . Operating cash flow after investments was SEK -198m ( 6,005 ) . ● Financial overview SEKM Continuing operations¹ 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 Return on net assets , % Operating cash flow after investments Total Group , including discontinued operations¹ Income for the period4 Earnings per share , SEK³ 2 Change in net sales adjusted for currency translation effects . 3 Basic . Q3 2021 30,929 -0.0 -0.3 0.2 AB Electrolux Interim Report January - September 2021 Stockholm , October 27 , 2021 -3.3 1,639 5.3 1,513 1,143 3.98 -198 1,143 3.98 Q3 2020 32,004 15.3 15.2 0.1 -9.7 3,220 10.1 3,056 2,356 8.20 6,005 2,356 8.20 Change , % -3 -49 -51 -52 -52 -52 -52 Nine months Nine months 2021 2020 90,258 18.5 18.2 0.2 -8.5 5,919 6.6 5,555 4,082 14.20 34.3 1,097 4,082 14.20 82,058 -2.0 -2.0 0.0 -3.7 3,280 4.0 2,757 2,129 7.41 16.3 3,188 4,724 16.44 ¹Discontinued 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 . " 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 . Note : n.m. ( not meaningful ) is used when the calculated number is considered not relevant . Change , % 10 80 101 92 92 -14 -14 Electrolux