Regulatory News:
Highlights of the fourth quarter of 2011
Net sales amounted to SEK 28,369m (27,556) and income for the period
was SEK 221m (677), or SEK 0.77 (2.38) per share.
Operating income amounted to SEK 1,441m (1,714), corresponding to a
margin of 5.1% (6.2), excluding items affecting comparability and
non-recurring items.
Non-recurring costs amounted to SEK 825m, including SEK 635m for
overhead reductions and WEEE related costs of SEK 190m for earlier
years.
Most of the Group’s operations showed solid results in a challenging
environment.
Operations in North America were negatively impacted by lower volumes
and higher costs for raw materials.
Highlights of the full year of 2011
Net sales increased by 1.9% in comparable currencies.
Operating margin, excluding items affecting comparability and
non-recurring costs, amounted to 3.9% (6.1).
Price pressure and increased costs for raw materials had an adverse
impact on operating income.
Acquisitions of the appliance companies Olympic Group in Egypt and CTI
in Chile.
Efforts to reduce working capital have contributed to a solid balance
sheet.
The Board proposes a dividend for 2011 of SEK 6.50 (6.50) per share.
The Board proposes a renewed AGM mandate to repurchase own shares.
Telephone conference
A telephone conference is held at 15.00 CET on February 2, 2012. The
conference is chaired by Keith McLoughlin, President and CEO of
Electrolux. Mr. McLoughlin is accompanied by Peter Nyquist, SVP Investor
Relations and Financial Information.
A slide presentation on the fourth-quarter and full-year results of 2011
will be available on the Electrolux websitewww.electrolux.com/ir
Details for participation by telephone are as follows:
Participants in Sweden should call +46 (0)8 505 598 53
Participants in UK/Europe should call +44 (0)20 3043 2436
Participants in US should call +1 866 458 4087
You can also listen to the presentation at www.electrolux.com/webcast1
Financial information from Electrolux is also available at www.electrolux.com/ir
This information was brought to you by Cision http://www.cisionwire.com
