Report for the first nine months of 2002

  • Marked upturn in income for North American operation, although from a low level in 2001
  • Substantial improvement in income and margin for appliances in Europe
  • Higher income for both Professional Indoor and Outdoor Products for comparable units
  • Net debt/equity ratio improved to 0.13 as a result of continued strong cash flow

Net sales and income

Net sales for Electrolux in the first nine months of 2002 amounted to SEK 102,564m, compared with SEK 103,922m for the same period in 2001. This corresponds to a decrease of 1.3%, of which -2.2% is attributable to exchange rate fluctuations, -3.9% to changes in Group structure, and +4.8% to volume/price/mix.

Operating income amounted to SEK 8,294m (6,330), corresponding to 8.1% (6.1) of sales. Income after financial items was SEK 8,104m (5,453), corresponding to 7.9% (5.2) of sales. Net income increased to SEK 6,051m (4,156), which corresponds to SEK 18.40 (12.20) per share.