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“We are increasing our investments
in new, innovative products and building
Electrolux into a leading global brand.
That’s the way to achieve sustainable,
profitable growth and to create value for
shareholders and other stakeholders.”
AB Electrolux
Mailing address
SE-105 45 Stockholm, Sweden
Visiting address
S:t Göransgatan 143, Stockholm
Telephone
+46 8 738 60 00
Telefax
+46 8 656 44 78
Website
www.electrolux.com
Contents
1 Report by the President and CEO
18 Summary of 2003
21 Business areas
27 Report by the Board of Directors for 2003,
including financial statements
46 Notes to the financial statements
72 Eleven-year review
74 Quarterly figures
77 Definitions
78 Governance for Corporate Sustainability
88 Board of Directors
90 Group Management
92 Electrolux shares
95 Annual General Meeting
Factors affecting forward-looking statements
This report contains “forward-looking” statements within the meaning of
the US Private Securities Litigation Reform Act of 1995. Such statements
include, among others, the financial goals and targets of Electrolux for
future periods and future business and financial plans. These statements
are based on current expectations and are subject to risks and uncertain-
ties that could cause actual results to differ materially due to a variety of
factors. These factors include, but may not be limited to the following;
consumer demand and market conditions in the geographical areas and
industries in which Electrolux operates, effects of currency fluctuations,
competitive pressures to reduce prices, significant loss of business from
major retailers, the success in developing new products and marketing
initiatives, developments in product liability litigation, progress in achiev-
ing operational and capital efficiency goals, the success in identifying
growth opportunities and acquisition candidates and the integration
of these opportunities with existing businesses, progress in achieving
structural and supply-chain reorganization goals.
Financial reports in 2004
Consolidated results February 12
Annual report Early April
Form 20-F June
Quarterly report, 1st quarter April 21
Quarterly report, 2nd quarter July 16
Quarterly report, 3rd quarter October 20
The above reports are available on request from
AB
Electrolux, Investor Relations and Financial Information,
SE-105 45 Stockholm, Sweden.
Financial information from Electrolux is also available on
the Group’s website, www.electrolux.com/ir
Contact
Åsa Stenqvist Tel. +46 8 738 64 94
Vice President, Investor Relations
and Financial Information
Investor Relations Tel. +46 8 738 60 03
Fax +46 8 738 70 90
Annual Report 2003
Electrolux Annual Report 2003 www.electrolux.com/annualreport2003
5991413-74/0

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