Half-yearly report, 2004

  • Net sales for the first half amounted to SEK 62,443m (65,375) and net income to SEK 1,743m (2,857), corresponding to SEK 5.70 (9.05) per share
  • Operating income for the second quarter adversely affected by a charge of SEK 167m for the closure of the Västervik plant and SEK 239m for settlement in a vacuum-cleaner lawsuit
  • Cash flow improved substantially in both the second quarter and half year
  • Higher operating income and margin for Consumer Durables in Europe and Rest of the world
  • Substantially lower operating income for floor-care products in North America, decision taken on restructuring
  • Brand spending increased by SEK 225m compared to first half 2003, mainly within Consumer Durables in Europe and in North America

For more information:

Financial information from Electrolux is also available at