Regulatory News:
• Net sales amounted to SEK 28,215m (28,663) and income for the period was SEK 664m (-474), or SEK 2.34 (-1.68) per share.
• Net sales declined by 1% in comparable currencies, due to continued weak markets.
• Price and mix continued to have a positive effect on sales.
• Operating income amounted to SEK 2,023m (-389), corresponding to a margin of 7.2%, excluding items affecting comparability.
• Results improved across all business areas.
• Lower costs for raw materials positively impacted income. However, costs for raw materials increased in the quarter compared to the third quarter of 2009.
• Cost savings, sales prices and lower costs for raw materials contributed strongly to the improvement in income.
• Extra contributions of SEK 3,935m to Group pension funds in fourth quarter resulting in appropriate funding levels and reduced balance-sheet risk exposure to pension commitments.
• Continued strong operating cash flow in the quarter, excluding extra pension contributions, resulted in a very strong cash flow for 2009.
• The Board proposes a dividend for 2009 of SEK 4.00 (0.00) per share.
Presentation at Electrolux headquarters A presentation will be held at 15.30 CET on February 3, 2010 at Electrolux headquarters, S:t Göransgatan 143 in Stockholm, Sweden. The presentation will be chaired by Hans Stråberg, Presi¬dent and CEO of Electrolux. Mr. Stråberg will be accompanied by Jonas Samuelson, CFO, and Peter Nyquist, Head of Investor Rela¬tions and Financial Information.
A slide presentation for the fourth-quarter and full-year results of 2009 will be available on the Electrolux website www.electrolux.com/ir
If you are not able to participate in person at Electrolux headquarters, you can also participate by telephone. The 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 http://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
Contacts:
Head of Investor Relations and Financial Information:
Peter
Nyquist, +46 (0)8 738 60 03