Supported by a gradual recovery in the market, the Electrolux North American appliance business generated strong sales and earnings growth. Results in Latin America, Europe and Small Appliances were all impacted by negative currency movements. Operations in Latin America and Asia presented yet another quarter of solid sales growth. In Europe, however, all of our operations continued to suffer from weak consumer confidence, resulting in falling volumes and negative price and mix development.

At the end of the first quarter, Electrolux experienced very strong currency movements, which had a total negative impact of more than SEK 300m on operating income. Excluding the currency impact, operating income for the first quarter exceeded last year’s results by 15%. One third of the negative currency impact was related to the Latin American operations. We expect that the negative currency effect in Latin America, mainly in Brazil, will diminish over the course of the year, enabling us to benefit from the continued strong organic growth in Latin America, which amounted to more than 7% during the quarter.

Operations in North America reported yet another quarter of strong volume growth supported by a gradually improving appliance market. We are seeing evidence that the recovery in the housing market is finally generating increased consumption of appliances. As such, our view is that demand for appliances could increase with 3-5% in 2013. Furthermore, after an extended period of consumers trading down to less expensive products, they are now purchasing more high-end products yielding a positive product mix. Electrolux is leveraging from this positive momentum by increasing investments in brand-building. Combined with a strong product offering in all price segments and access to all of the important distribution channels, we remain confident that we can improve our market position in North America in 2013.

Electrolux sales in Asia grew organically by more than 20%. In the second half of 2013, we will begin our extensive re-launch of Electrolux into the Chinese appliance market. Through our new innovative products supported by an integrated marketing campaign, we expect to develop a solid and growing position in the premium segment of the market.

As we have discussed in the past, Electrolux has globally diversified its revenue base, whereas 70% of sales are generated from regions outside Europe. Nevertheless, we are unquestionably impacted by the challenging market trend we are seeing in all of our product categories in Europe (Major Appliances, Professional Products and Small Appliances). Results in Europe were impacted by a negative country mix as demand in Southern Europe, France, Germany and the Benelux countries weakened during the quarter.

In the first quarter, operating income for Electrolux Major Appliances in Europe was just above breakeven and was another part of the Group materially impacted by negative currency. Even though this result is weak, our analysis shows that we managed to maintain a healthy gross margin. This is mainly the result of all of our previously announced activities to remain cost competitive by improving our manufacturing footprint, capitalizing on our shared global strength and reducing overhead costs, in addition to ensuring a positive product mix driven by the launch of high-end appliances under the Electrolux brand. In spite of all improvements made, we believe that 2013 will continue to be a challenging year for all our operations in Europe, due to the negative macro environment resulting in falling demand of domestic and professional appliances.

Despite the difficult situation in Europe, it is encouraging to note that the organic growth for the Group in the first quarter is still close to our target of 4%. At some point, demand in Europe will rebound and, combined with a recovery and a stronger market in North America and continued strong growth in our emerging markets, Electrolux will exceed all key financial objectives.

Stockholm, April 25, 2013

Keith McLoughlin
President and Chief Executive Officer

• Net sales amounted to SEK 25,328m (25,875) and reported income for the period was SEK 361m (499), or SEK 1.26 (1.76) per share.
• Organic growth was 3.8%, while currencies had a negative impact of –5.9%.
• Continued strong sales growth in North America, Asia/Pacific and Latin America.
• Market conditions in Europe weakened and sales for Major Appliances, Small Appliances and Professional Products were negatively impacted.
• North America more than tripled its earnings year-over-year as a result of strong volume growth and improvements in price and mix.
• Lower volumes and a weak price/mix trend in Europe negatively impacted results.
• Negative impact from currencies by SEK –318m impacted earnings for Latin America, Europe and Small Appliances.
• Seasonal build-up of inventories and working capital needs driven by strong growth impacted cash-flow in the quarter.

Telephone conference

A telephone conference is held at 15.00 CET on April 25, 2013. The conference is chaired by Keith McLoughlin, President and CEO of Electrolux. 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 2013 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 8 505 564 74
• Participants in UK/Europe should call +44 203 364 5374
• Participants in US should call +1 855 753 2230

You can also listen to the presentation at www.electrolux.com/interim-report-webcast

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 available at www.electrolux.com/ir

The report features a review of Electrolux sustainability strategy and an illustrated overview of the Group’s value chain. It also showcases environmentally sound products and snapshots of best practice from around the Group.

Built around a clickable GRI index (Global Reporting Initiative), Sustainability Matters allows readers to drill down to more than 70 performance indicators as defined by the GRI.

Sustainability Matters is available online here.

For further information

Contact Electrolux Press Hotline, +46 8 657 65 07.

Opening balances for 2013 and reported figures for 2012 have been restated to enable comparison. The impact of the restatement on the financial statements, operating income per business area and key ratios of Electrolux for the full year of 2012 is presented in the appendix. In addition, an Excel sheet comprising restated figures in more detail including the interim periods is available for download at http://www.electrolux.com/ias19/.

All historical unrecognized actuarial gains or losses will be included in the measurement of the net defined benefit liability. This increases the net pension liability for 2012 by SEK 4,618m and reduces equity by SEK 4,098m. Operating income for 2012 is reduced by SEK 150m, which is a result of interest costs and return on pension liabilities and -assets no longer being reported within operating income and that amortization of the actuarial losses no longer are used. Financing costs for the net pension liability will be reported within the financial net which deteriorates by SEK 174m. Income for the period after tax declines by SEK 234m. The restatement has no impact on the cash flow.

A short description of the amended standard is presented below. See also Note 1 in Electrolux Annual Report for 2012, www.electrolux.com/annualreport2012.
The amended standard requires the present value of defined benefit obligations and the fair value of plan assets to be recognized in the financial statements as a net defined benefit liability. Following the amendment, the reported net defined benefit liability will correspond to the actual net obligations for pensions for Electrolux.
As in the past, service costs will be reported within operating income. Electrolux will classify the net pension obligation as a financial liability and report financing costs in the financial net. The discount rate will be used to calculate the financing costs of the net pension obligation. The standard thereby removes the use of an expected return on the plan assets.

Future changes in the net defined benefit liability as a result of, for example, adjustments to discount rates, mortality rates as well as return on plan assets deviating from the discount rate will be presented in other comprehensive income as they occur.

For further information

Please contact Peter Nyquist, Senior Vice President, Head of Investor Relations and Financial Information, at +46 8 738 60 03 or Electrolux Press Hotline at +46 8 657 65 07.

Electrolux discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 14.00 CET on March 25, 2013.

Online edition (In English), including the sustainability performance review, Sustainablility matters.

The Electrolux strategy remains intact. With innovative products under strong brands and by leveraging the Group’s global strength and scope, Electrolux creates the conditions for profitable growth.

In 2012 Electrolux reported sales growth of 9.4% in comparable currencies with 5.5% being organic growth. This was the highest rate of growth in the company in its current structure.

Electrolux printed annual report consists of two parts; Operations and strategy and Results. There is also an online version including a comprehensive third-party assured sustainability performance review.

The Annual Report describes Electrolux operations, strategy and financial development and is available at www.electrolux.com/annualreport2012.

The printed version will be distributed to shareholders at the end of week 10. It can also be ordered at www.electrolux.com/order-printed-publications.

For further information

Contact Electrolux Press Hotline, +46 8 657 65 07.

Electrolux discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 15.00 CET on February 22, 2013.

In the fourth quarter, Electrolux posted a record-high organic growth of 7.5%. The growth rate for the full-year 2012 was 5.5%. Operations in North America and Latin America, which currently account for 50% of total sales, showed strong sales and earnings growth, primarily attributable to a continued positive volume trend and improvements in price/mix. Operations in Europe suffered from weak consumer confidence with falling volumes and negative country mix. In 2013, we believe that the weak market in Europe will be offset by growth in North America and the emerging markets.

In the fourth quarter, Electrolux delivered its strongest organic growth rate for 2012 of 7.5%. A significant portion of the growth came from the Latin American operations, which noted another record quarter with an organic growth of nearly 20%. The strong development was partly generated by government-tax incentives in Brazil, but also by an improved product mix, higher prices and market share gain.

Price/mix improvements in North America were a strong contributor to the sales growth and the improved results. Operations in North America reported yet another quarter of volume growth, thereby yielding an improved market share for the full-year 2012. Although the market development in 2012 did not meet our expectations of a year ago, we anticipate growth in the North American market in 2013, supported by a gradual recovery in the housing market. We will utilize the positive momentum to increase investments in brand-building and R&D activities with the aim of further strengthening the Group’s position

At present, the Americas account for more than 50% of Group sales. The corresponding figure five-years ago was around 35%. At the same time, we have increased our exposure to emerging markets, which now represent more than 35% of sales, and we expect this figure to reach 50% within five years.

Although the Group is currently less dependent on developments in Europe, the region still represents the single-largest market for our core appliances, professional products and small appliances. The weak performance in Europe is primarily attributable to low consumer confidence, which is spreading throughout the region and resulting in falling volumes and negative price/mix. We stand by our view that the market situation in Europe is likely to get worse before it gets better and we are minimizing the negative effect by launching new products and eliminating costs.

We will see some reduction in our costs during 2013, which is partly related to our own cost-saving initiatives but also to a slight tailwind from some raw-material costs. There will also be some temporary cost increases as a result of entering new distribution channels and the consolidation of production of cooking products in North America. In line with our strategy, 2013 will be another intensive year of product launches, requiring increased investments in marketing and product development.

The global macroeconomic development will be decisive for the Group’s sales growth in 2013. We expect that the weak market in Europe will probably be offset by growth in North America and the emerging markets.

The substantial improvement in the results for 2012 confirmed our longstanding ability to generate strong free cash flow, even in a weak macro environment through good work in operational and asset productivity. Importantly, our performance in 2012 also confirms our ability to grow profitably and expand our gross margin by diversifying our revenue base and bringing more consumer relevant innovation to the market at a faster pace. Moving forward, we believe there is good potential for us to continue to deliver a high return to our shareholders through a consistent and steady profitable expansion of our global operations – both organically and through acquisitions – while continuing to generate a strong cash return.

Stockholm, February 1, 2013

Keith McLoughlin
President and Chief Executive Officer

• Net sales amounted to SEK 29,185m (28,369) and income for the period was SEK 292m (221), or SEK 1.02 (0.77) per share.
• Net sales improved by 2.9%, of which 7.5% was organic growth and –4.6% changes in exchange rates.
• Strong volume growth, price increases and mix improvements in Latin America and North America contributed to the positive trend in net sales.
• Market conditions in Europe continued to weaken and Major Appliances, Small Appliances and Professional Products, were negatively impacted.
• Operations in Latin America showed record earnings.
• North America showed strong earnings growth despite extra costs from plant restructuring and for entering new distribution channels.
• Lower volumes and a weak price/mix development in Europe had a negative impact on results.
• Measures to improve manufacturing footprint were initiated and SEK 1,032m was charged to operating income within items affecting comparability, as previously communicated.
• The Board proposes a dividend for 2012 of SEK 6.50 (6.50) per share.

Telephone conference

A telephone conference is held at 15.00 CET on February 1, 2013. The conference is chaired by Keith McLoughlin, President and CEO of Electrolux. Mr. McLoughlin is accompanied by Tomas Eliasson, CFO, and Peter Nyquist, SVP Investor Relations and Financial Information.

A slide presentation on the fourth-quarter results and full-year 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 8 505 598 53
• Participants in UK/Europe should call +44 20 3043 2436
• Participants in US should call +1 866 458 4087

You can also listen to the presentation at www.electrolux.com/interim-report-webcast

For further information

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

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

In the third quarter, Electrolux recorded a significant year-on-year improvement in its sales and earnings despite considerable uncertainty in markets across the globe. In North America, improvements in price and mix along with operational efficiency contributed to an operating margin that exceeded 6%. Latin America reported strong results based on a continuing positive volume trend. Our appliances business in Europe is suffering from weak consumer confidence with falling volumes in some of our key markets.

Net sales in comparable currencies grew by more than 10% in the third quarter. Half of the growth was attributable to acquisitions while the remainder was generated by organic growth. Operations in Latin America recorded organic growth of close to 25% during the third quarter, partly driven by government tax incentives in Brazil, which have been extended to the end of 2012.

Market demand for core appliances in North America in the third quarter was slightly positive and we expect this trend to continue to improve, supported by a gradual recovery in the housing market. We will utilize the positive momentum and invest more in brand building activities with the aim of further strengthening the Group’s position.

During the quarter, five of our six business areas delivered an EBIT margin at or above our target of 6%, with only Major Appliances Europe falling short. The soft performance in Europe is primarily attributable to weak consumer confidence, which is spreading throughout Europe and impacting appliance demand in many of our important markets, such as Southern Europe, the Nordic countries and Benelux.

The market situation in Europe is likely to get worse before it gets better and we are minimizing the negative effect by launching new products and eliminating costs. We are continuing to launch the next generation of high-end appliances under the Electrolux brand for the European market. Together with AEG products and the re-launch of Zanussi products for the mass-market segment, we will deliver a highly competitive product offering in all segments for the entire European market. Late last year, we announced our aim to further improve our manufacturing footprint to remain cost competitive. In line with this strategy, we today present a number of actions that will have a positive impact on the European cost position going forward.

On a nine-month basis, Electrolux generated a sales growth of more than 10%, almost equally divided between organic and acquired growth. We expect that Electrolux will exceed its target for organic sales growth of 4% in 2012. It would be the first time Electrolux achieved an organic growth of more than 4% since 2005, when the appliance market in Europe and North America peaked. The diversification of our revenue base through expansion in emerging markets as well as through launches of new product innovations, which increased market share in our core markets, is having a positive impact on Electrolux sales and earnings growth.

Stockholm, October 22, 2012

Keith McLoughlin
President and Chief Executive Officer

• Net sales amounted to SEK 27,171m (25,650) and income for the period was SEK 985m (825), or SEK 3.43 (2.90) per share.
• Net sales improved by 5.9%, of which 4.6% was organic growth, 5.1% acquisitions and –3.8% changes in exchange rates.
• Strong organic growth, particularly in Latin America, North America and Asia contributed to the positive trend in net sales.
• Operating income improved to SEK 1,461m (1,098), corresponding to a margin of 5.4% (4.3).
• All business areas with the exception of Europe achieved an operating margin above 6%.
• Improvements in price, mix and volume in North America and Latin America had a positive impact on operating income.
• The manufacturing footprint program announced in 2011 will be initiated to improve the cost position in Europe and charges will be taken in the fourth quarter of 2012.

Telephone conference

A telephone conference is held at 15.00 CET on October 22, 2012. The conference is chaired by Keith McLoughlin, President and CEO of Electrolux. Mr. McLoughlin is accompanied by Tomas Eliasson, CFO, and Peter Nyquist, SVP Investor Relations and Financial Information.

A slide presentation on the third-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 8 505 598 53
• Participants in UK/Europe should call +44 20 3043 2436
• Participants in US should call +1 866 458 4087

You can also listen to the presentation at www.electrolux.com/interim-report-webcast

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 available at www.electrolux.com/ir