Consolidated Results 2010

Highlights of the fourth quarter of 2010

  • Net sales amounted to SEK 27,556m (28,215) and income for the period was SEK 677m (664), or SEK 2.38 (2.34) per share.
  • Net sales increased by 1.6% in comparable currencies.
  • Strong growth in Latin America and Asia/Pacific offset lower sales volumes in Europe and North America.
  • Operating income amounted to SEK 1,714m (2,023), corresponding to a margin of 6.2% (7.2), excluding items affecting comparability.
  • Strong performance for the operations in Asia/Pacific, Latin America and for Professional Products.
  • Operating income in North America and Europe declined, following higher costs for raw materials and lower sales prices.

Highlights of the full year of 2010

  • Electrolux showed a record profit and reached the operating margin target of 6% for the full-year 2010, excluding items affecting comparability.
  • All business areas outperformed previous year’s results.
  • Improvements in product mix and cost savings offset higher costs for raw materials and downward pressure on prices.
  • The Board proposes a dividend for 2010 of SEK 6.50 (4.00) per share.
  • The Board proposes a renewed AGM mandate to repurchase own shares.

Telephone conference

A telephone conference is held at 16.00 CET on February 2, 2011. The conference is chaired by Keith McLoughlin, President and CEO of Electrolux. Mr McLoughlin is accompanied by Jonas Sam­uelson, CFO and COO, and Peter Nyquist, Head of Investor Rela­tions and Financial Information.

A slide presentation on the fourth-quarter and full-year results of 2010 will be available on the Electrolux website www.electrolux.com/ir

Details for participation by telephone are as follows:

  • Participants in Sweden should call +46 (0)8 505 598 53
  • Participants in UK/Europe should call +44 (0)20 3043 2436
  • Participants in US should call +1 866 458 4087

You can also listen to the presentation at http://www.electrolux.com/webcast1

For further information

  • Peter Nyquist, Senior Vice President, Head of Investor Relations and Financial Information:
    +46 (0)8 738 60 03.
  • Financial information from Electrolux is also available at www.electrolux.com/ir
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