Debt market

As of December 31, 2020, Electrolux had a financial net cash position (excluding lease liabilities and post-employment provisions) of SEK 4,741m, compared to the financial net debt position of SEK 667m as of December 31, 2019. Net provisions for post-employment benefits was SEK 3,679m and lease liabilities amounted to SEK 2,618m as of December 31, 2020. In total, net debt amounted to SEK 1,556m, a decrease by SEK 6,127m compared to SEK 7,683m per December 31, 2019.

Long-term borrowings and long-term borrowings with maturities within 12 months amounted to a total of SEK 14,400m as of December 31, 2020 with average maturity of 2.8 years, compared to SEK 9,682m and 3.0 years at the end of 2019.

In the fourth quarter, long-term borrowings in the amount of SEK 77m and USD 6m were amortized. During 2021, long-term borrowings amounting to approximately SEK 0.3bn will mature. For more information see www.electroluxgroup.com.

Liquid funds as of December 31, 2020, amounted to SEK 20,467m, an increase of SEK 9,278m compared to SEK 11,189m as of December 31, 2019.

Return on equity was 34.1% (11.4), impacted by a settlement gain from the distribution of Electrolux Professional. Adjusted for the settlement gain, return on equity was 21.7% (11.4).