Electrolux 2011 Annual Report Download - page 71

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Dec 2011
Mar 2011 Jun 2011 Sep 2011
Comments from analysts
Electrolux B-share
Affärsvärlden general index
− price index
Q4
Solid Q4 with a >6%
margin, but headwinds
are increasing.
Q1
After an expected weak first
quarter, what next? A question
of pricing power.
Q3
Earnings may have
troughed.
Q2
Weak second quarter and
cautious outlook for second
half of 2011, but management
is taking actions.
New Chief Marketing Officer and
new Chief Technology Officer
Dividend of SEK 6.50 per share
Acquisition of Egyptian major appliances
manufacturer Olympic Group
Acquisition of Chilean
appliances manufacturer CTI
New Head of Major
Appliances North America
Overhead cost savings and
optimization of capacity
New Head of Major Appliances EMEA, new
Chief Financial Officer, new Head of Human
Resources and Organizational Development
Price increases in North America
Declining demand
in Southern Europe
Demand in North
America declines
Decreasing market
prices on plastics
Consolidation among
retailers in Brazil
Decreasing market
prices on steel
Incentive program in
Brazil implemented
After Q4 10 After Q1 11 After Q2 11 After Q3 11
60% 57% 65% 60%
27% 33% 30% 35%
13% 10% 5% 5%
67