Electrolux AB Q3 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst : Yes. And congratulations to a really good result. On the pricing and the promotional activity, you mentioned it will continue to be low sort of in the fourth quarter as well. How long do you think the pricing regime will remain as solid as it is right now? Will it last into next year as well? Or do you expect normalization already in Q1 or Q2?

Question: Fredrik Moregard - Pareto Securities AS, Research Division - Analyst : So you entered Q3 with the lower inventories and obviously, you had some difficulty at least delivering products in North America throughout the year. Could you tell us something about what that has done for the competitive landscape? Has that impacted listings for you in some way ahead of next year?

Question: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst : Just some follow-ups. On the cash flow, it was obviously very strong in Q3. Can you give us any indication of how the seasonality will be impacted for the fourth quarter on the cash flow trends? Then secondly, Brazil, I think you lost a bit share in Q2. Did you regain it all now you think? I think Whirlpool said that they took market share also in Q3 in Brazil. And finally, automation investments, you talk about positives coming from North America and also Brazil, but I also understand there's an automation program going on in Europe, which seems to be related to the new higher energy requirements or labeling practices. Is that energy transition taking off all the positives of the potential automation in Europe? Should we worry about it for a similar situation that we saw in North America 4 years ago?