Debt market

As of September 30, 2020, Electrolux had a financial net cash position (excluding lease liabilities and post-employment provisions) of SEK 2,746m, compared to the financial net debt position of SEK 667m as of December 31, 2019. Net provisions for post-employment benefits was SEK 4,032m and lease liabilities amounted to SEK 2,793m as of September 30, 2020. In total, net debt amounted to SEK 4,079m, a decrease by SEK 3,604m 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 14,819m as of September 30, 2020 with average maturity of 3.0 years, compared to SEK 9,682m and 3.0 years at the end of 2019.

In the third quarter, long-term borrowings in the amount of SEK 1,562m were amortized, including an early repayment of loan of SEK 1,481m. During the remaining part of 2020, long-term borrowings amounting to approximately SEK 0.1bn will mature. In July, a new credit facility was signed of SEK 10bn, expiring 2025. For more information see www.electroluxgroup.com.

Liquid funds as of September 30, 2020, amounted to SEK 19,740m, an increase of SEK 8,551m compared to SEK 11,189m as of December 31, 2019.

Return on equity was 32.3% (12.0), impacted by a settlement gain from the distribution of Electrolux Professional. Adjusted for the settlement gain, return on equity was 16.0% (12.0).