Debt market

As of September 30, 2019, Electrolux had a financial net debt position (excluding lease liabilities and post-employment provisions) of SEK 1,292m, compared to the financial net cash position of SEK 1,989m as of December 31, 2018. Net provisions for post-employment benefits increased to SEK 5,565m. Lease liabilities amounted to SEK 3,372m as of September 30, 2019 and is an effect of the application of IFRS 16 as from January 1, 2019. In total, net debt amounted to SEK 10,229m, an increase by SEK 8,404m compared to SEK 1,825m per December 31, 2018.

Long-term borrowings and long-term borrowings with maturities within 12 months amounted to a total of SEK 9,966m as of September 30, 2019 with average maturity of 2.5 years, compared to SEK 8,553m and 2.6 years at the end of 2018.

In the third quarter, long-term bilateral borrowings in the amount of SEK 77m were amortized. During the remaining part of 2019, long-term borrowings amounting to approximately SEK 1.1bn will mature.

Liquid funds as of September 30, 2019, amounted to SEK 10,196m, a decrease of SEK 2,053m compared to SEK 12,249m as of December 31, 2018.