STOCKHOLM, Sweden, Feb. 12, 2003 (PRIMEZONE) -- Electrolux (Nasdaq:ELUX):
Amounts in SEKm, Fourth Fourth
unless otherwise quarter quarter
stated 2002 2001 Change 2002 2001 Change
Net sales 133,150 135,803 -2.0% 30,586 31,881 -4.1%
Operating income 7,731 6,281 23% -563 -49 N/A
Operating income,
excl. items 8,165 6,422 27% 1,781 1,449 23%
affecting
comparability(1)
Margin, % 6.1 4.7 5.8 4.5
Income after financial 7,545 5,215 45% -559 -238 N/A
items
Net income per share, 15.60 11.35 37% -2.80 -0.85 N/A
SEK
Net income per share,
excl. items 16.90 11.10 52% 3.80 2.80 34%
affecting
comparability, SEK(1)
Return on equity, % 17.2 13.2
Return on net
assets, % 22.1 15.0
Value creation 3,461 262 3,199 741 33 708
(1) Items affecting comparability amounted to SEK -434m (-141) for the
full-year and SEK -2,344m (-1,498) in the fourth quarter.
-- Major part of improvement in operating income refers to
Consumer Durables in North America
-- Consumer Durables in Europe continues to show higher income
and margin
-- Marked decline in income for Consumer Durables in Rest of the world
-- Strong improvement in operating cash flow and net debt/equity ratio
-- Board proposes an increase of dividend to SEK 6.00 (4.50)
-- Board proposes new share repurchase program and cancellation of
previously repurchased shares
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
www.waymaker.net/bitonline/2003/02/12/20030212BIT00130/wkr0001.doc
www.waymaker.net/bitonline/2003/02/12/20030212BIT00130/wkr0002.pdf