Debt market

As of December 31, 2017, Electrolux had a net financial cash position of SEK 2,437m.

As of December 31, 2017, Electrolux had a net financial cash position of SEK 2,437m compared to the net financial cash position of SEK 3,809m as of December 31, 2016. Net provisions for post-employment benefits decreased to SEK 2,634m. In total, net debt amounted to SEK 197m, a decrease by SEK 163m compared to SEK 360m as of December 31, 2016.

Long-term borrowings as of December 31, 2017, including long-term borrowings with maturities within 12 months, amounted to SEK 8,088m with average maturity of 2.4 years, compared to SEK 8,451m and 2.7 years at the end of 2016.

In the fourth quarter long-term borrowings in the amount of approximately SEK 500m were amortized. During 2018, long-term borrowings amounting to approximately SEK 1,500m will mature.
Liquid funds as of December 31, 2017, amounted to SEK 11,974m, a decrease of SEK 2,037m compared to SEK 14,011m as of December 31, 2016.

In December 2017, Electrolux investment-grade rating from Standard & Poor’s, A- with a stable outlook, was affirmed.

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A significant portion of the Group´s long-term borrowings are issued on the capital markets under the Group´s Euro medium-term note program.

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