- Net sales amounted to SEK 109,994m (101,598) and income for the period to SEK 2,599m (2,064), corresponding to SEK 9.08 (7.25) per share.
- Net sales increased by 8.3%, of which 5.5% was organic growth, 3.9% acquisitions and –1.1% changes in exchange rates.
- Strong volume growth, price increases and mix improvements in Latin America and North America contributed to the positive trend in net sales.
- Operating income amounted to SEK 5,182m (3,980), corresponding to a margin of 4.7% (3.9), excluding items affecting comparability and non-recurring costs.
- Operating income for appliances in North America and Latin America improved substantially.
- Market conditions in Europe continued to deteriorate and results for
Electrolux operations in the region were negatively impacted. - Measures to improve manufacturing footprint were initiated and SEK 1,032m was charged to operating income within items affecting comparability.
- The Board of Directors proposes a dividend for 2012 of SEK 6.50 (6.50) per share.
- The Board proposes a renewed AGM mandate to repurchase own shares.
| Key data | |||
| SEKm | 2012 | Change, % | 2011 |
| Net sales | 109,994 | 8 | 101,598 |
| Operating income | 4,150 | 38 | 3,017 |
| Margin, % | 3.8 | 3.0 | |
| Income after financial items | 3,478 | 25 | 2,780 |
| Income for the period | 2,599 | 26 | 2,064 |
| Earnings per share, SEK 1) | 9.08 | 7.25 | |
| Dividend per share, SEK | 6.502) | 6.50 | |
| Net debt/equity ratio | 0.29 | 0.31 | |
| Return on equity, % | 13.3 | 10.4 | |
| Average number of employees | 59,478 | 52,916 | |
| Excluding items affecting comparability | |||
| Items affecting comparability | –1,032 | –138 | |
| Operating income | 5,182 | 64 | 3,155 |
| Margin, % | 4.7 | 3.1 | |
| Income after financial items | 4,510 | 55 | 2,918 |
| Income for the period | 3,486 | 62 | 2,148 |
| Earnings per share, SEK 1) | 12.18 | 7.55 | |
| Return on net assets, % | 18.8 | 13.5 | |
| Non-recurring costs in the fourth quarter of 2011 | – | –825 | |
| Operating income excluding non-recurring costs and items affecting comparability | 5,182 | 30 | 3,980 |
| Margin, % | 4.7 | 3.9 | |
| 1) Basic, based on an average of 285.9 (284.7) million shares for the full year 2012, excluding shares held by Electrolux. | |||
| 2) Proposed by the Board of Directors. | |||