First Quarter Report 2002

  • Higher operating income and margin for Consumer Durables in Europe
  • Improved income in North America, production of new refrigerators normalized
  • Continued positive trend in income and margin for Professional Outdoor Products
  • Ongoing restructuring measures proceeding according to plan

Net sales and income

Net sales for Electrolux in the first quarter of 2002 amounted to SEK 33,580m, as against SEK 33,670m for the same period last year. This corresponds to a decrease of -0.3%, of which -3.4% refers to changes in Group’s structure, +4.2% to changes in exchange rates, and -1.1% to price/mix/volume.

Operating income increased to SEK 3,791m (1,852), corresponding to 11.3% (5.5) of sales, and income after financial items increased to 3,682m (1,499), corresponding to 11.0% (4.5) of sales. Net income rose to SEK 2,962m (1,066), which corresponds to SEK 9.00 (3.10) per share.