First quarter report, 2000

  • Stronger demand in all major markets
  • Higher operating income and margin for both Consumer Durables and Professional Products
  • Value created almost three times greater than in first quarter last year
  • Board proposes repurchasing own shares to AGM

Net sales and income

Sales for Electrolux in the first quarter of 2000 rose to SEK 31,229m, as against SEK 29,053m for the corresponding period last year. This corresponds to an increase of 7.5%, of which -3.3% refers to changes in Group structure, +1.4% to changes in exchange rates, and +9.4% to price/mix/volume. For changes in Group structure, see page 5.

Operating income rose by 24% to SEK 2,050m (1,656), corresponding to 6.6% (5.7) of net sales, and income after financial items rose by 29% to SEK 1,786m (1,384), corresponding to 5.7% (4.8) of net sales. Net income rose by 30% to SEK 1,188m (912), which corresponds to SEK 3.25 (2.50) per share.