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 March 31, 2022, Electrolux had a financial net debt (excluding lease liabilities and post-employment provisions) of SEK 12,398m, compared to the financial net debt of SEK 4,645m as of December 31, 2021. Net provisions for post-employment benefits turned into a surplus of SEK 470m and lease liabilities amounted to SEK 3,303m as of March 31, 2022. In total, net debt amounted to SEK 15,231m, an increase by SEK 6,640m compared to SEK 8,591m per December 31, 2021.