Electrolux 2002 Annual Report Download - page 22

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    
Professional Products
The Group’s operation in Professional Indoor Products com-
prises food-service equipment for hotels, restaurants and insti-
tutions, as well as laundry equipment for apartment-house
laundry rooms, launderettes, hotels and other professional users.
It also includes a European compressor operation, which sells
products to other Group companies and to external customers.
The Group divested the remaining operations in leisure appli-
ances as of January 1, 2002.
M 
Electrolux is the world’s third largest producer of food-service
equipment, with a leading position in the European market, and
is a leader in the global market for laundry equipment.The
Group is also one of the world’s largest producers of compressors
for refrigerators and freezers, and the largest in Europe in this
product area.
F- 
Demand for food-service equipment in Europe was lower than
in 2001. Group sales declined, mainly due to divestments. Oper-
ating income and margin improved as a result of structural
changes and intensified product development, which resulted
in a more favorable product mix.
L
Group sales of laundry equipment declined due to weaker de-
mand in several European markets, as well as in Japan. Operating
income and margin improved as a result of higher productivity
and the launch of new dryers in North America.
C
Demand for compressors in Europe was higher than in the
previous year. Group sales increased for comparable units.
Operating income showed a marked improvement, but from
a low level, and a slight profit was achieved for the year as a
whole.The improvement is a result of restructuring measures
and the introduction of a new compressor.
Restructuring
During the fourth quarter of 2002, a charge of SEK 152m was
taken against operating income for restructuring of the Spanish
and Indian compressor operations.This will involve personnel
This barrier washer is designed for laundries in the health-
care sector with strict criteria for hygiene. Laundry is loaded
into the front of the machine and unloaded from the back.
Electrolux is the European leader in food-service equipment.The Group’s French
subsidiary Molteni specializes in highly exclusive cookers that are built by hand to
meet customer specifications.
Indoor Products
•Higher overall sales,income and margin for comparable units
•Higher income for food-service equipment and laundry equipment
•Marked improvement in income for compressors
•Several divestments within components