Electrolux 2002 Annual Report Download - page 76

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Electrolux shares
The market capitalization of Electrolux shares at year-end 2002
was SEK 43.8 (51.6) billion, excluding repurchased shares.The
Group’s market capitalization thereby corresponded to 2.5%
(1.8) of the total market capitalization of the Stockholm
Exchange.
The highest trading price for Electrolux B-shares was
SEK 197 on March 19, and the lowest was SEK 119.5 on
October 7.The highest trading price for A-shares was SEK 186
on March 11, and the lowest was SEK 130 on December 17.
T 
In 2002, 504.4 (435.3) million Electrolux shares were traded
on the Stockholm Exchange at a value of SEK 81.8 (62.5)
billion. Electrolux shares thus accounted for 3.0% (1.6) of the
total trading volume of SEK 2,702 (3,994) billion for the year.
The average value of the A- and B-shares traded daily was
SEK 327.4m (250.1).
A total of 259.2 (398.7) million Electrolux shares were traded
on the London Stock Exchange, while 6.9 (8.0) million
American Depository Receipts (ADRs) were traded within
the NASDAQ system.At year-end, 1,483,288 depository
receipts were outstanding.Trading volume on other exchanges
was considerably lower.
E 
The effective yield indicates the actual profitability of an
investment in shares, and comprises dividends received plus
change in trading price.
The compounded annual effective yield on an investment
in Electrolux shares was 14.5% over the past ten years, includ-
ing the distribution of Gränges in 1996, and adjusted for the
5:1 stock split in 1998.The corresponding figure for the
Stockholm Exchange was 13.1%.
Q 
Share listings1):Stockholm, London, NASDAQ2)
Number of shares: 338,712,580
Number of shares after repurchase: 318,318,528
High and low 2002 for B-shares: SEK 197–119.5
Market capitalization at year-end: SEK 43.8 billion
Beta value3):1.0
GICS code4):25201040
Ticker codes: Reuters ELUXb.ST,
Bloomberg ELUXB SS
1) In December 2002, the Board took the decision to de-list the Electrolux shares
from the stock exchanges in Paris and Zurich.The de-listings are expected to be
implemented during the first half of 2003.
2) One ADR corresponds to two B-shares.
3) The beta value indicates the volatility of the trading price of a share relative to the
general market trend.
4) Global Industry Classification Standard (used for securities).
Dividend, SEK
02010099989796959493
Share of equity, %
SEK
0
1.00
2.00
3.00
4.00
5.00
6.00
0
1.5
3.0
4.5
6.0
7.5
9.0
%
Dividend per share
The Board of Directors proposes an increase of the dividend to SEK 6.00 per
share for 2002.
Trading volume of Electrolux shares
Thousands 2002 2001 2000 1999 1998
Stockholm,A-
and B-shares
(ELUXa
and ELUXb) 504,394 435,335 390,573 277,636 268,920
London, B-shares
(ELXB) 259,231 398,741 291,006 246,860 452,749
NASDAQ,ADRs
(ELUX) 6,890 7,984 6,414 5,711 7,246
JPMorgan, Morgan Guarantee Trust Company, is the depository bank for ADRs.
Average daily trading volume of Electrolux shares on the
Stockholm Exchange
SEK thousands 2002 2001 2000 1999 1998
A-shares 72 50 80 77 89
B-shares 327,294 250,020 226,324 180,120 136,353
Total 327,366 250,070 226,404 180,197 136,442
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The Board has decided to propose a dividend of SEK 6.00
(4.50) per share at the Annual General Meeting, correspond-
ing to 36% (41) of net income per share, excluding items
affecting comparability.
The Group’s goal is that the dividend corresponds to
30–50% of net income for the year.
C    
The Annual General Meeting in April 2002 decided on the
cancellation of previously repurchased own shares, excluding
those shares required to meet the obligations under the em-
ployee stock option program.After the cancellation, Electrolux
owned 9,148,000 previously repurchased B-shares.