The Group’s goals for long-term borrowings include an average time to maturity of at least 2 years, and an even spread of maturities. A maximum of SEK 5,000m of the long-term borrowings is allowed to mature in a 12-month period. Electrolux outstanding long-term borrowings have mainly been made under the European Medium-Term Note Program and via bilateral loans.
As of September 30, 2022, Electrolux had a financial net debt (excluding lease liabilities and post-employment provisions) of SEK 17,966m, compared to the financial net debt of SEK 4,645m as of December 31, 2021. Net provisions for post-employment benefits amount to a surplus of SEK 1,297m and lease liabilities amounted to SEK 4,399m as of September 30, 2022. In total, net debt amounted to SEK 21,068m, an increase by SEK 12,477m compared to SEK 8,591m per December 31, 2021