Debt market

As of March 31, 2018, Electrolux had a financial net debt of SEK 993m.

As of March 31, 2018, Electrolux had a financial net debt of SEK 993m compared to the net financial cash position of SEK 2,437m as of December 31, 2017. Net provisions for post-employment benefits decreased to SEK 2,406m. In total, net debt amounted to SEK 3,399m, an increase by SEK 3,202m compared to SEK 197m as of December 31, 2017.

Long-term borrowings as of March 31, 2018, including long-term borrowings with maturities within 12 months, amounted to SEK 8,204m with average maturity of 2.8 years, compared to SEK 8,088m and 2.4 years at the end of 2017.

In the first quarter long-term borrowings in the amount of SEK 997m were amortized and a new long-term bond loan of SEK 1,008m was raised under the Electrolux EMTN (Euro Medium Term Note) program. During the remaining part of 2018, long-term borrowings amounting to approximately SEK 500m will mature.
Liquid funds as of March 31, 2018, amounted to SEK 8,897m, a decrease of SEK 3,077m compared to SEK 11,974m as of December 31, 2017.

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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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