Interim Report January – September 2013

Highlights of the third quarter of 2013

  • Net sales amounted to SEK 27,258m (27,171) and income for the period was SEK 656m (923), or SEK 2.29 (3.22) per share.
  • Organic sales growth was 4.9%, while currencies had a negative impact of –4.6%.
  • Continued organic sales growth in all regions, except for Major Appliances Europe, Middle East and Africa.
  • North America continued to show strong organic growth of 8% and reached an operating margin of 7% as a result of increased volumes and improved mix.
  • Continued weak markets and lower volumes impacted results negatively in Europe.
  • Strong performance for Professional Products.
  • Negative impact from currencies of SEK –519m affected earnings in Latin America, Asia/Pacific and Europe.
  • Initiated actions to reduce annual costs by SEK 1.8bn by improving manufacturing footprint and reducing overhead costs, mainly within Major Appliances Europe.

Telephone conference

A telephone conference is held at 9.00 CET on October 25, 2013. The conference is chaired by Keith McLoughlin, President and CEO of Electrolux and Tomas Eliasson, CFO.

A slide presentation on the third-quarter results of 2013 will be available on the Electrolux website

Details for participation by telephone are as follows:

  • Participants in Sweden should call +46 8 505 564 74
  • Participants in UK/Europe should call +44 203 364 5374
  • Participants in US should call +1 855 753 2230

You can also listen to the presentation at

For further information

Investor Relations and Financial Information: +46 (0)8 738 60 03.

Financial information from Electrolux is available at

Electrolux discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act.
The information was submitted for publication at 08.00 CET on October 25