Following an analysis made by internationally renowned Forbes Magazine, Electrolux has been named one of 130 Global High Performers and named in the top 5 companies in consumer durables.
Forbes analyzed 26 industries of the Forbes Global 2000* and based on long-term and short-term sales growth, profit growth, return on capital and total return to shareholders. When compiling the list Forbes also took into consideration earnings forecasts.
The companies on the list, according to Forbes, are “industry leaders who are making strategic moves to help navigate through these tough economic times.”
“I’m proud that we have been included in this elite list of 130 Global High Performers,” says Electrolux President and CEO Hans Stråberg. “We’ve worked hard and focused to reach where we are today.”
“Making the list of the top 130 Global High Performers confirms that we are on the right track and doing what is right for shareholders and consumers,” continues Stråberg.
Over the last twelve months Electrolux achieved an operating margin of more than 6 %, a gross margin of more than 21 %, capital turn over of 4.4x and return on capital employed of 26.5 %. Electrolux average annual total return to shareholders over the last five years has been 24 %.
“During the market downturn we made tough choices and stuck to our strategy, focusing on product development, brand and cost efficiency. Our strategy is paying off and we can now see the results. In 2009 we made record profits and the first quarter of 2010 was our best first quarter ever,” says Stråberg.
*Global 2000—Forbes’ list of the world’s largest companies based on a composite ranking of sales, profits, assets and market value.
For further information contact Electrolux Media Hotline on +46 8 657 65 07
About the Electrolux Group
Electrolux is a global leader in home appliances and appliances for professional use, selling more than 40 million products to customers in 150 countries every year. The company focuses on innovations that are thoughtfully designed, based on extensive consumer insight, to meet the real needs of consumers and professionals. Electrolux products include refrigerators, dishwashers, washing machines, vacuum cleaners and cookers sold under esteemed brands such as Electrolux, AEG-Electrolux, Eureka and Frigidaire. In 2009, Electrolux had sales of SEK 109 billion and 51,000 employees. For more information, visit www.electrolux.com/press and www.electrolux.com/news.