Electrolux 2011 Annual Report Download - page 83

Download and view the complete annual report

Please find page 83 of the 2011 Electrolux annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 189

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189

Contents
CEO comments on the results 2
Board of Directors Report 5
Notes to the financial
statements 31
Definitions 74
Proposed distribution of
earnings 75
Auditor’s Report 76
Eleven-year review 78
Quarterly information 80
Corporate governance report 82
Board of Directors and Auditors 88
Group Management 94
Sustainability focus areas 100
Annual General Meeting 104
Events and reports 105
Electrolux reports its sustainability work
in accordance with GRI. The report can
be found on Electrolux website
www.electrolux.com/sustainability
Operations
and strategy
Results
Sustainability
Contact
Peter Nyquist
Senior Vice President Investor Relations and
Financial Information
Tel. +46 8 738 67 63
Investor Relations
Tel. +46 8 738 60 03
Fax +46 8 738 74 61
E-mail ir@electrolux.se
Concept, text and production
by Electrolux Investor Relations
and Solberg.
In a very tough environment, we were able to generate
an underlying operating income of almost SEK 4 billion.
At the same time, we generated a strong under lying
cash flow, which is a result of our efforts to
reduce working capital, which has enabled us
to maintain a strong balance sheet.
CEO comments on the results 2
Operating income for 2011 decreased
compared to 2010. Weak demand in
Electrolux main markets, lower sales
prices and increased costs for raw materi-
als had an adverse impact on operating
income. In addition, non-recurring costs for
overhead reductions had an adverse impact
on operating income.
Board of Directors Report 5
Efficient products are crucial to continued business suc-
cess. Each year Electrolux identifies new criteria for the
most environmentally sound appliances among all Group
products. Each market has a Green Range of energy- and
water-efficient products based on these criteria.
Sustainability focus areas 100
The Electrolux website www.electrolux.com/ir contains additional and updated information about such items as the
Electrolux share and corporate governance as well as a platform for nancial statistics. The platform allows visitors
to view graphic illu strations detailing Electrolux development on an annual or quarterly basis.