Debt market

As of June 30, 2021, Electrolux had a financial net cash position (excluding lease liabilities and post-employment provisions) of SEK 3,194m, compared to the financial net cash position of SEK 4,741m as of December 31, 2020. Net provisions for post-employment benefits was SEK 1,647m and lease liabilities amounted to SEK 2,503m as of June 30, 2021. In total, net debt amounted to SEK 955m, a decrease by SEK 601m compared to SEK 1,556m per December 31, 2020.

Long-term borrowings and long-term borrowings with maturities within 12 months amounted to a total of SEK 14,277m as of June 30, 2021 with average maturity of 2.3 years, compared to SEK 14,400m and 2.8 years at the end of 2020.

In the second quarter, long-term borrowings in the amount of SEK 139m were amortized. During the remaining part of 2021, long-term borrowings amounting to approximately SEK 0.1bn will mature. For more information see www.electroluxgroup.com.

Liquid funds as of June 30, 2021, amounted to SEK 18,446m, a decrease of SEK 2,021m compared to SEK 20,467m as of December 31, 2020.

For the first six months, return on equity was 29.5% (24.5). The comparative six months of 2020 was impacted by a settlement gain from the distribution of Electrolux Professional. Adjusted for the settlement gain, return on equity was -0.1% for the first six months of 2020.