Highlights of 2010

Net sales increased by 1.5% in comparable currencies.
Strong growth in Latin America and Asia/Pacific offset lower sales volumes in Europe and North America.
For the first time Electrolux achieved its operating margin target of 6%.
Operating income increased to SEK 6,494m (5,322), corresponding to an operating margin of 6.1% (4.9), excluding items affecting comparability.
Improvements in product mix and cost savings offset higher costs for raw materials and downward pressure on prices.
The Board of Directors proposes a dividend for 2010 of SEK 6.50 (4.00) per share.

Key data
SEKm, EURm, USDm, unless otherwise stated	2010	2009	2010 EURm	2010 USDm
Net sales	106,326	109,132	11,125	14,763
Operating income	5,430	3,761	568	754
Margin, %	5.1	3.4
Income after financial items	5,306	3,484	555	737
Income for the period	3,997	2,607	418	555
Earnings per share, SEK, EUR, USD	14.04	9.18	1.47	1.95
Dividend per share	6.50¹⁾	4.00
Average number of employees	51,544	50,633
Net debt/equity ratio	–0.03	0.04
Return on equity, %	20.6	14.9

Excluding items affecting comparability
Items affecting comparability	–1,064	–1,561	–111	–148
Operating income	6,494	5,322	679	902
Margin, %	6.1	4.9
Income after financial items	6,370	5,045	666	884
Income for the period	4,739	3,851	496	658
Earnings per share, SEK	16.65	13.56	1.74	2.31
Return on net assets, %	31.0	26.2

1) Proposed by the Board of Directors.

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