- Net sales decreased by 3.0% to SEK 24,193m (24,930) and income for the period amounted to SEK -106m (492), or SEK -0.38 (1.76) per share
- Operating income declined to SEK -39m (757), excluding items affecting comparability. The decline is partly due to negative non-recurring items amounting to SEK 430m and costs relating to the US launch amounting to SEK 120m
- Lower sales volumes, due to the sharp decline in the US market, adversely affected operating income for appliances in North America
- Weak markets in Western Europe and increased product costs had a negative impact on operating income for appliances in Europe
- Strong results for appliances in Latin America, Asia/Pacific, floor-care products and Professional Products
- Outlook: Operating income in 2008 is expected to be in line with 2007
For more information
Peter Nyquist, Vice President, Investor Relations and Financial Information: +46 8 738 60 03
Financial information from Electrolux is also available at www.electrolux.com/ir
The information in this report is that which Electrolux is required to disclose under the Securities Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act. It was released for publication at 08.00 CET on April 28, 2008.
