As of March 31, 2023 Electrolux had a financial net debt (excluding lease liabilities and post-employment provisions) of SEK 25,963m, compared to the financial net debt of SEK 19,828m as of December 31, 2022. Net provisions for post-employment benefits amounted to a surplus of SEK 174m and lease liabilities amounted to SEK 4,313m as of March 31, 2023. In total, net debt amounted to SEK 30,102m, an increase of SEK 6,254m compared to SEK 23,848m per December 31, 2022.
Long-term borrowings and long-term borrowings with maturities within 12 months amounted to a total of SEK 30,982m as of March 31, 2023, with an average maturity of 3.8 years, compared to SEK 31,343m and 4.0 years at the end of 2022.
In the first quarter, amortization of long-term borrowings amounted to SEK 501m, and no new long-term debt of significance was issued. During the remaining part of 2023, long-term borrowings amounting to approximately SEK 2,100m and commercial papers of SEK 2,550m will mature.
Liquid funds as of March 31, 2023, amounted to SEK 11,878m, a decrease of SEK 5,922m compared to SEK 17,800m as of December 31, 2022.
Net debt/EBITDA was 5.1 (1.4) and return on equity was -14.5% (20.8).