Consolidated Results 2010

Consolidated Results 2010

Highlights of the fourth quarter of 2010

• Net sales amounted to SEK 27,556m (28,215) and income for the period
was SEK 677m (664), or SEK 2.38 (2.34) per share.

• Net sales increased by 1.6% in comparable currencies.

• Strong growth in Latin America and Asia/Pacific offset lower sales
volumes in Europe and North America.

• Operating income amounted to SEK 1,714m (2,023), corresponding to a
margin of 6.2% (7.2), excluding items affecting comparability.

• Strong performance for the operations in Asia/Pacific, Latin America
and for Professional Products.

• Operating income in North America and Europe declined, following
higher costs for raw materials and lower sales prices.

Highlights of the full year of 2010

• Electrolux showed a record profit and reached the operating margin
target of 6% for the full-year 2010, excluding items affecting
comparability.

• All business areas outperformed previous year's results.

• Improvements in product mix and cost savings offset higher costs for
raw materials and downward pressure on prices.

• The Board proposes a dividend for 2010 of SEK 6.50 (4.00) per share.

• The Board proposes a renewed AGM mandate to repurchase own shares.

Telephone conference

A telephone conference is held at 16.00 CET on February 2, 2011. The
conference is chaired by Keith McLoughlin, President and CEO of
Electrolux. Mr McLoughlin is accompanied by Jonas Sam­uelson, CFO and
COO, and Peter Nyquist, Head of Investor Rela­tions and Financial
Information.

A slide presentation on the fourth-quarter and full-year results of 2010
will be available on the Electrolux website www.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
http://www.electrolux.com/webcast1 (http://www.electrolux.com/webcast1)
 

For further information

Peter Nyquist, Senior Vice President, Head of Investor Relations and
Financial Information:
+46 (0)8 738 60 03.

Financial information from Electrolux is also available at
www.electrolux.com/ir