First quarter report, 2004

  • Net sales amounted to SEK 30,493m (32,062), and rose 4.2% for comparable units, adjusted for changes in exchange rates
  • Operating income adversely affected by charge of SEK 979m for closure of Greenville plant in the US, and changes in exchange rates in the amount of SEK -125m
  • Operating margin, excluding the above mentioned charge, remained 5.6%, despite increased investments in building the Electrolux brand
  • Good performance for appliances in Europe and North America, improvement for appliances in Rest of the World
  • Substantial decline in income and margin for floor-care products in North America compared to a strong first quarter in 2003
  • Net income amounted to SEK 532m (1,246) or SEK 1.75 (3.95) per share

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