STOCKHOLM, Sweden, Feb. 15, 2005 (PRIMEZONE) -- Electrolux:
-- Net sales in 2004 amounted to SEK 120,651m (124,077), and
net income to SEK 3,148m (4,778), corresponding to SEK 10.55
(15.25) per share.
-- Operating income declined to SEK 4,714m (7,175), mainly due to
costs for relocation of production.
-- Cash flow improved to SEK 3,224m (2,866), exclusive of proceeds
on divestments in 2003.
-- Strong fourth quarter for appliances in Europe and the U.S.,
substantial decline in income for appliances in Asia
-- Restructuring to be accelerated in order to finalize most
relocation of production by 2008
-- The Board proposes increasing the dividend to SEK 7.00 (6.50),
dividend policy changed from 30-50% to at least 30%
-- The Board intends to spin-off the Groups's Outdoor Products
operation as a separate unit.
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