Electrolux 2010 Annual Report Download - page 101

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reg. no. 556009-4178
Contents page
Net sales and income 6
Consolidated income statement 7
Operations by business area 10
Financial position 14
Consolidated balance sheet 15
Change in consolidated equity 17
Cash flow 18
Consolidated cash flow statement 19
Share capital and ownership 20
Distribution of funds to shareholders 21
Risks and uncertainty factors 22
Employees 23
Other facts 25
Parent Company 27
Notes 31
• Net sales amounted to SEK 106,326m (109,132) and
income for the period to SEK 3,997m (2,607), corre-
sponding to SEK 14.04 (9.18) per share.
• Net sales increased by 1.5% in comparable currencies.
• Strong growth in Latin America and Asia/Pacific
offset lower sales volumes in Europe and North
America.
• Operating income increased to SEK 5,430m (3,761),
corresponding to an operating margin of 5.1% (3.4).
• Operating margin amounted to 6.1% (4.9), excluding
items affecting comparability.
• All business areas outperformed previous year’s
operating income.
• Improvements in product mix and cost savings offset
higher costs for raw materials and downward pres-
sure on prices.
• Cash flow from operations and investments
amounted to SEK 3,206m (5,330).
• The Board of Directors proposes a dividend for 2010
of SEK 6.50 (4.00) per share.
• The Board proposes a renewed AGM mandate to
repurchase own shares.
Report by the Board of Directors for 2010
Key data
SEKm 2010 Change 2009
Net sales 106,326 –3% 109,132
Operating income 5,430 44% 3,761
Margin, % 5.1 3.4
Income after financial items 5,306 52% 3,484
Income for the period 3,997 53% 2,607
Earnings per share, SEK 14.04 9.18
Dividend per share, SEK 6.501) 4.00
Net debt/equity ratio –0.03 0.04
Return on equity, % 20.6 14.9
Average number of employees 51,544 50,633
Excluding items affecting comparability
Items affecting comparability –1,064 –1,561
Operating income 6,494 22% 5,322
Margin, % 6.1 4.9
Income after financial items 6,370 26% 5,045
Income for the period 4,739 23% 3,851
Earnings per share, SEK 16.65 13.56
Return on net assets, % 31.0 26.2
1) Proposed by the Board of Directors.
5