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Annual Report 2009

2009 a summary of a successful year

  • Sales declined in comparable currencies due to weak demand on most of Electrolux main markets.
  • Operating income improved on the basis of cost savings, higher prices, improved mix and lower costs for raw materials.
  • Launches of new products particularly in North America and Latin America contributed to an improved product mix.
  • Results improved in all regions.
  • Strong cash flow generated by improvements in operating income and working capital.
  • The Group’s ongoing structural efforts to reduce tied-up capital contributed to the strong cash flow.
  • Extra payments of SEK 4 billion to Group pension funds reduced balance-sheet risk exposure to pension commitments.

Annual Report 2009

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