Electrolux 2004 Annual Report Download - page 2

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Net sales and employees in the
10 largest countries SEKm Employees
USA 43,393 19,995
France 6,597 2,134
Italy 6,579 9,090
UK 6,545 1,946
Germany 6,448 4,299
Sweden 6,123 6,546
Australia 4,902 3,532
Canada 4,687 1,552
Brazil 3,417 4,797
Spain 2,847 1,680
Total 91,538 55,571
This is Electrolux
Net sales and
operating margin*
* Excluding items affecting comparability.
2004 2003 2004 2004
Key data SEK SEK EUR USD
SEKm, EURm, USDm, unless otherwise stated
Net sales 120,651 124,077 13,235 16,464
Operating income 4,741 7,175 521 647
Margin, % 3.9 5.8
Income after financial items 4,359 7,006 478 595
Net income per share, SEK, EUR, USD 10.55 15.25 1.16 1.44
Dividend per share, SEK, EUR, USD 7.00 1) 6.50 0.76 0.96
Return on equity, % 12.7 17.3
Return on net assets, % 17.2 23.9
Value creation 2,978 3,449 327 406
Net debt/equity ratio 0.05 0.00
Average number of employees 72,382 77,140
1) Proposed by the Board of Directors.
Consumer Durables
Business areas
With sales of SEK 120.7 billion, Electrolux is the world’s largest producer of appliances
and equipment for kitchen, cleaning and outdoor use, such as refrigerators, cookers,
washing machines, chainsaws, lawn mowers and garden tractors. Electrolux is also
one of the largest producers in the world of similar equipment for professional users.
Professional Products
SEKm
140,000
130,000
120,000
110,000
100,000
90,000
%
7.5
6.0
4.5
3.0
1.5
0
Net sales
Operating margin
00 01 02 03 04
Operating income and
return on net assets*
SEKm
10,000
8,000
6,000
4,000
2,000
0
%
25
20
15
10
5
0
Operating income
Return on net assets
00 01 02 03 04
Net income and dividend
per share*
Net income
SEK
20
16
12
8
4
0
Dividend
SEK
7.5
6.0
4.5
3.0
1.5
0
Net income per share
Dividend per share
1) Dividend proposed by
the Board of Directors.
00 01 02 03 04 1)
Income after financial
items and return on
equity*
SEKm
10,000
8,000
6,000
4,000
2,000
0
%
25
20
15
10
5
0
Income after financial items
Return on equity
00 01 02 03 04
02 03 04
Net sales Operating margin
SEKm
125,000
100,000
75,000
50,000
25,000
0
%
7.5
6.0
4.5
3.0
1.5
0
Net sales and operating margin*Share of total Group sales
Share of total Group sales
02 03 04
Net sales Operating margin
SEKm
25,000
20,000
15,000
10,000
5,000
0
%
12.5
10.0
7.5
5.0
2.5
0
Net sales and operating margin*
Europe
35%
North
America
26%
Rest of
the world
11%
Outdoor
products
15%
Indoor
products
5%
Outdoor
products 8%