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2017-02-01

Electrolux: Electrolux Consolidated Results 2016

Highlights of the fourth quarter of 2016

· Net sales amounted to SEK 32,144m (31,794).
· Sales increased by 1%. Organic sales declined by 3%, while
currency translation had a positive impact of 4% on net sales.

· Operating income improved to SEK 1,616m (-202), corresponding to a
margin of 5.0% (-0.6).

· Stable development across business areas.
· Good performance for Major Appliances EMEA despite severe currency
headwinds.

· Significantly weaker market demand and cost measures impacted
sales and earnings in Major Appliances Latin America.

· Strong operating cash flow after investments of SEK 2.6bn (1.4) in
the fourth quarter.

· Income for the period improved to SEK 1,272m (-393), and earnings
per share was SEK 4.43

(-1.38).
· The Board proposes a dividend for 2016 of SEK 7.50 (6.50) per
share, to be paid in two installments.

Telephone conference 09.00 CET

A telephone conference is held at 09.00 CET today, February 1. The
conference will be chaired by Jonas Samuelson, President and CEO of
Electrolux. Mr. Samuelson will be accompanied by Anna Ohlsson-Leijon,
CFO.

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

Slide presentation for download:

www.electroluxgroup.com/ir

Link to webcast:

www.electroluxgroup.com/q4-2016

For further information, please contact:

Catarina Ihre, Vice President Investor Relations, +46 (0)8 738 60 87

Merton Kaplan, Analyst Investor Relations, +46 (0)8 738 70 06

Daniel Frykholm, Electrolux Press Hotline, +46 8 657 65 07.

This information is information that AB Electrolux is obliged to make
public pursuant to the EU Market Abuse Regulation. The information
was submitted for publication, through the agency of the contact
person set out above, at 0800 CET February 1, 2017.

Electrolux is a global leader in home appliances and appliances for
professional use, based on deep consumer insight. We offer
thoughtfully designed, innovative and sustainable solutions,
developed in close collaboration with professional users. The
products include refrigerators, ovens, cookers, hobs, dishwashers,
washing machines, vacuum cleaners, air conditioners and small
domestic appliances. Under esteemed brands including Electrolux, AEG,
Zanussi, Frigidaire and Electrolux Grand Cuisine, the Group sells
more than 60 million products to customers in more than 150 markets
every year. In 2016, Electrolux had sales of SEK 121 billion and
55,000 employees. For more information go to www.electroluxgroup.com

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http://news.cision.com/electrolux/r/electrolux-consolidated-results-2016...
http://mb.cision.com/Main/1853/2177855/621892.pdf

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