Interim Report Q4 2010 Results Presentation

Highlights of the fourth quarter of 2010

  • Net sales amounted to SEK 27,556m (28,215) and income for the period was SEK 677m (664), or SEK 2.38 (2.34) per share.
  • Net sales increased by 1.6% in comparable currencies.
  • Strong growth in Latin America and Asia/Pacific offset lower sales volumes in Europe and North America.
  • Operating income amounted to SEK 1,714m (2,023), corresponding to a margin of 6.2% (7.2), excluding items affecting comparability.
  • Strong performance for the operations in Asia/Pacific, Latin America and for Professional Products.
  • Operating income in North America and Europe declined, following higher costs for raw materials and lower sales prices.

Highlights of the full year of 2010

  • Electrolux showed a record profit and reached the operating margin target of 6% for the full-year 2010, excluding items affecting comparability.
  • All business areas outperformed previous year’s results.
  • Improvements in product mix and cost savings offset higher costs for raw materials and downward pressure on prices.
  • The Board proposes a dividend for 2010 of SEK 6.50 (4.00) per share.
  • The Board proposes a renewed AGM mandate to repurchase own shares.