Highlights of the first quarter of 2012
· Net sales amounted to SEK 25,875m (23,436) and income for the period was SEK 559m (457), or SEK 1.96 (1.61) per share.
· Net sales improved by 10.4%, of which 3.5% was organic growth.
· The acquisitions of CTI and Olympic Group impacted sales by 5.8%.
· Strong organic growth, especially in emerging markets, contributed to the positive development of net sales.
· Increased volumes in Europe due to market-share gain in the built-in segment.
· Operating income improved to SEK 943m (696).
· Higher sales prices in North America had a positive impact on operating income.
· Higher costs for raw materials continued to impact earnings negatively, but to a lesser extent than in previous quarters.
Telephone conference A telephone conference is held at 15.00 CET on April 25, 2012. The conference is chaired by Keith McLoughlin, President and CEO of Electrolux (STO:ELUXA)(STO:ELUXB). Mr. McLoughlin is accompanied by Tomas Eliasson, CFO, and Peter Nyquist, SVP Investor Relations and Financial Information.
A slide presentation on the first-quarter results of 2012 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 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:
Peter Nyquist, Senior Vice President
Head of Investor Relations and
Financial Information
+46 (0) 8 738 60 03.
