The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst
: I'm not envying you, the juggling you have to do right now with things going left and right. But on one topic, external factors, i.e., raw materials, I
think when you entered this year, you indicated you had a lower-than-normal hedging volume for steel. And I'm sort of just wondering in Q2 when
we saw this rapid steel price hikes coming after the -- or was it end of Q1? Did you sort of basically hedge the rest of the year? Or how is the hedging
volumes looking right now considering your comment on lower steel price not impacting you yet for the second half?
Question: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst
: Okay. So it's an issue for next year then. Okay.
Question: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst
: Just to follow up on demand and the situation especially in Europe in terms of energy prices, et cetera. Back in 2007 -- this 2010, we saw a scrapping
premium in the U.S. appliance industry that sort of reinstalled consumer demand, at least in the first half of 2010, to a significant degree. Do you
see any sort of actions like that happening in any significant country in Europe, considering that there's a gas crisis and energy needs to be saved
going forward in order to be able to heat the houses over the winters?
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JULY 21, 2022 / 7:00AM, ELUXb.ST - Q2 2022 Electrolux AB Earnings Call
Question: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst
: Okay. Yes, yes. Makes sense. We'll see what happens there. And just coming back a little bit on pricing. I think you alluded to in Q1 that prices, on
average, were up some 8%, and now we see price/mix was 13% on the margin here. Is the price component higher than this 8% now in the second
quarter? Or is it a mix effect that has driven the development?
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