Electrolux 2012 Annual Report Download - page 4

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annual report 2012 ceo comments on the results
In the fourth quarter, Electrolux posted a record-high organic growth of 7.5%. The growth rate for the full-year 2012 was
5.5%. Operations in North America and Latin America, which currently account for 50% of total sales, showed strong sales
and earnings growth, primarily attributable to a continued positive volume trend and improvements in price/mix. Operations
in Europe suffered from weak consumer con๎†‚dence with falling volumes and negative country mix. In 2013, we believe that
the weak market in Europe will be offset by growth in North America and the emerging markets.
2012 โ€“ a year of record-strong
organic growth
2