Solid balance sheet and financial strength

  • A solid balance sheet helps us to execute our profitable growth driven strategy through:
    • Organic growth investments:
      • Capex to drive product and service innovation.
      • Capex for digitalization and automation to improve competitiveness.
  • Selective acquisition strategy:
    • Bolt-on acquisitions.
    • Strengthen growth in emerging markets and aftermarket.
    • Contribute to increasing consumer interaction and business model transformation.
  • Solid financial position
    • Investment-grade rating from S&P Global Ratings of A- with negative outlook. (Sep 2022)
    • Unused committed revolving credit facility amounting to EUR 1bn. (Sep 2022)
  • Sustainable financing
    • First green bond issued in 2019 – SEK 1bn.
    • Sustainability-linked revolving credit facility contracted in 2021.
    • Focusing on industrial and R&D projects, which have significant potential to enable Electrolux to reduce its climate impact.
  • High return on net assets fueled by capital turnover
    • Focusing on growth with sustained profitability and a small, efficient capital base enables Electrolux to achieve a high long-term return on capital.
    • Strong track record on reducing working capital over the last ten-year period. The objective is to maintain working capital at healthy levels going forward.

Financial Net Debt


As of December 31, 2021, Electrolux had a financial net debt position of SEK 4.6bn. Net debt, including lease liabilities and post-employment provisions, amounted to SEK 8.6bn.

High return on net assets fuelled by capital turnover

Shareholder-friendly capital allocation

  • The Group’s goal is for the dividend to correspond to approximately 50% of the annual income.
  • The Board’s objective is to maintain a solid investment grade rating, as defined by leading rating institutes, meaning that over time the Group’s net debt should not exceed two (2) times EBITDA.
  • In July 2021, the Board decided to distribute a larger part of the value created to the shareholders after a review of the Group’s capital structure. Read more on www.electroluxgroup.com/PR_capital_structure
  • Electrolux has a long history of successful spin-offs, e.g. Autoliv, Husqvarna, and Electrolux Professional, by distributing the shares to Electrolux shareholders and listing them on the stock exchange.

Distribution to shareholders

Note: In 2021 Electrolux repurchased own shares of series B for a total amount of SEK 894m