Electrolux — Interim / Quarterly Report 2008

Oct 27, 2008

Stockholm, October 27, 2008

Highlights of the third quarter of 2008

• • Net sales amounted to SEK 26,349m (26,374). Net sales rose by 1.6% in comparable currencies.
• • Earnings per share amounted to SEK 2.99 (2.71)
• • Operating income amounted to SEK 1,178m (1,152), excluding items affecting comparability
• • Despite a weak market in North America, operating income is stable mainly as a result of price increases
• • The Electrolux product launch in North America continues to exceed expectations
• • Income for appliances in Europe was negatively impacted by declining volumes and prices, which was partly offset by cost savings
• • Improved results for appliances in Latin America and Asia/Pacific, Professional Products and floor-care products
• • The outlook for our operating income is unchanged. We expect an operating income for 2008 of SEK 3,300–3,900m. The increasing uncertainty in the overall global economy makes it extremely difficult to predict the market development. Therefore, we have decided not to present a market forecast for the remaining part of the year.

	Contents
Net sales and income	2
Outlook for 2008	3
Business areas	3
Cash flow	6
Financial position	6
Financial statements	10

			Change	Nine months	Nine months	Change
SEKm	Q3 2008	Q3 2007	%	2008	2007	%
Net sales	26,349	26,374	-0.1	76,129	77,089	-1.2
Operating income	1,286	1,152	11.6	1,535	2,799	-45.2
Margin, %	4.9	4.4		2.0	3.6
Income after financial items	1,192	1,037	14.9	1,183	2,459	-51.9
Income for the period	847	762	11.2	840	1,799	-53.3
Earnings per share, SEK1)	2.99	2.71		2.97	6.41
Return on net assets, %	-	-		10.1	18.1
Excluding items affecting comparability
Items affecting comparability	108	0		-397	-31
Operating income	1,178	1,152	2.3	1,932	2,830	-31.7
Margin, %	4.5	4.4		2.5	3.7
Income after financial items	1,084	1,037	4.5	1,580	2,490	-36.5
Income for the period	821	762	7.7	1,172	1,830	-36.0
Earnings per share, SEK1)	2.90	2.71		4.14	6.52
Return on net assets, %	-	-		12.1	16.2

1) Basic, based on an average of 283.6 (281.6) million shares after buy-backs for the third quarter and 283.0 (280.9) million shares for the first nine months of 2008. For earnings per share after dilution, see page 10.

For definitions, see page 18.

For further information, please contact Peter Nyquist, Head of Investor Relations and Financial Information, at +46 8 738 60 03.

AB ELECTROLUX (PUBL) Postal address Media hotline Investor Relations E-mail SE-105 45 Stockholm, Sweden +46 8 657 65 07 +46 8 738 60 03 ir@electrolux.se Visiting address Telefax Website Reg. No. S:t Göransgatan 143 +46 8 738 74 61 www.electrolux.com 556009-4178

Net sales and income

Third quarter of 2008

Net sales for the Electrolux Group in the third quarter of 2008 amounted to SEK 26,349m (26,374). Net sales increased by 1.6% in comparable currencies. Sales were positively impacted by changes in volume/price/mix while changes in exchange rates had a negative impact.

Change in net sales		Nine
%	Q3 2008	months 2008
Changes in Group structure	0.0	0.0
Changes in exchange rates	-1.7	-2.0
Changes in volume/price/mix	1.6	0.8
Total	-0.1	-1.2

Operating income

Operating income for the third quarter of 2008 increased to SEK 1,286m (1,152) and income after financial items to SEK 1,192m (1,037). Income for the period increased to SEK 847m (762), corresponding to SEK 2.99 (2.71) in earnings per share.

Operating income excluding items affecting comparability

Operating income for the third quarter of 2008 includes items affecting comparability in the amount of SEK 108m (0) referring to reversal and adjustment of restructuring provisions related to appliances plants, see page 10. Excluding items affecting comparability, operating income for the third quarter of 2008 amounted to

SEK 1,178m (1,152) and income after financial items to SEK 1,084m (1,037). Income for the period was SEK 821m (762), corresponding to SEK 2.90 (2.71) in earnings per share.

Effects of changes in exchange rates

Changes in exchange rates compared to the previous year, including both translation and transaction effects, had a negative impact of SEK –52m on operating income for the third quarter of 2008. Transaction effects net of hedging contracts amounted to

SEK –50m and referred mainly to the strengthening of the euro against the British pound. Translation of income statements in subsidiaries had an effect of SEK –2m.

The effect of changes in exchange rates on income after financial items amounted to SEK –51m.

Financial net

Net financial items for the third quarter of 2008 decreased to SEK –94m, compared to SEK –115m for the corresponding period in the previous year.

First nine months of 2008

Net sales for the Electrolux Group in the first nine months of 2008 declined to SEK 76,129m as against SEK 77,089m in the previous year, an increase by 0.8% in comparable currencies.

Operating income

Operating income for the first nine months of 2008 decreased to SEK 1,535m (2,799) and income after financial items to SEK 1,183m (2,459). Income for the period decreased to SEK 840m (1,799), corresponding to SEK 2.97 (6.41) in earnings per share.

Operating income for the first nine months has been negatively impacted by the North American launch and non-recurring items. The new product launch under the Electrolux brand had a negative impact on operating income in the amount of approximately

SEK –400m, see page 4. The non-recurring items that were charged against operating income in the first quarter of 2008 and amounted to approximately SEK –430m, see table below.

Impact of the Electrolux US launch and non-recurring items SEKm, approximately	Nine months 2008
Net impact of the Electrolux launch, appliances North America	-400
Cost-cutting program, appliances Europe	-360
Cost for a component problem for dishwashers, appliances Europe	-120
Capital gain, real estate, appliances Europe	130
Cost for litigation, appliances North America	-80
Total	-830

Operating income excluding items affecting comparability

Operating income for the first nine months of 2008 includes items affecting comparability in the amount of SEK –397m (–31), see table on page 10. Excluding items affecting comparability, operating income for the first nine months of 2008 decreased to SEK 1,932m (2,830) and income after financial items to SEK 1,580m (2,490). Income for the period was SEK 1,172m (1,830), corresponding to SEK 4.14 (6.52) in earnings per share.

Excluding items affecting comparabliliy and the items described in the table above, operating income for the first nine months was almost in line with the previous year.

Effects of changes in exchange rates

Changes in exchange rates compared to the previous year, including both translation and transaction effects, had a negative impact of SEK –39m on operating income for the first nine months of 2008. Transaction effects net of hedging contracts amounted to SEK –5m. Translation of income statements in subsidiaries had an effect of SEK –34m.

The effect of changes in exchange rates on income after financial items amounted to SEK –68m.

Financial net

Net financial items for the first nine months of 2008 increased to SEK –352m compared to SEK –340m for the corresponding period in the previous year.

Outlook – for the full year 2008 *)

In April 2008, the Group introduced Electrolux as a major appliance brand in North America. The plan with the launch is to gain a significant long-term presence in the premium segment. However, the launch has had a negative impact on 2008 results as it initially includes a considerable investment in marketing.

Furthermore, the European appliance operations have been negatively impacted by higher than anticipated costs for the products launched 2007 and the ongoing cost-reduction program.

The outlook for our operating income is unchanged. We expect an operating income for the full year of 2008 of SEK 3,300–3,900m, excluding items affecting comparability.

The increasing uncertainty in the overall global economy makes it extremely difficult to predict the market development for appliances in Europe and North America. Therefore, we have decided not to present a market forecast for the remaining part of the year.

*The financial outlook is unchanged from when it was reported in the interim report in July for the second quarter. For information on expectations on the market development in the previous interim report, see page 9.

Operations by business area in the third quarter

Changes in net sales and operating income by business area in comparable currencies are given on page 14.

Consumer Durables, Europe

SEKm	Q3 2008	Q3 2007	Nine months 2008	Nine months 2007	Full year 2007
Net sales	11,345	11,624	32,370	32,674	45,472
Operating income	514	514	616	1,283	2,067
Operating margin, %	4.5	4.4	1.9	3.9	4.5

Industry shipments of core appliances in Europe Units, year-over-year, %	Q3 2008	Nine months 2008
Western Europe	-5.3	-4.3
Eastern Europe (excluding Turkey)	3.6	4.0
Total Europe	-2.9	-2.2

Core appliances

Industry shipments of appliances in Europe declined during the third quarter 2008 in comparison with the same period of last year. Shipments were lower in Western Europe, and demand showed a significant decline in some important markets, such as Spain, Italy and the UK. Demand continued to rise in Eastern Europe.

Group sales of appliances in Europe were lower than in the third quarter of 2007, as a result of lower sales volumes and downward pressure on prices. In particular, sales have declined for private-label products. The new products launched in 2007 continued to provide good support for Electrolux sales prices and volumes.

Due to lower volumes and downward pressure on prices operating income and margin for the third quarter of 2008 declined. Income was positively affected by savings from measures for reducing the high product costs related to the launches in 2007 as well as the previously announced staff reduction program.

Floor-care products

Demand for vacuum cleaners in Europe was lower than in the third quarter of last year. Group sales declined as a result of lower sales volumes, among others for low-price products in Eastern Europe. Operating income and margin showed substantial improvements on the basis of a better product mix and positive exchange-rate effects.

Consumer Durables, Europe Industry shipments of core appliances in Europe*

* Units, year-over-year, %.

Consumer Durables, North America

SEKm	Q3 2008	Q3 2007	Nine months 2008	Nine months 2007	Full year 2007
Net sales	8,384	8,589	23,873	26,254	33,728
Operating income	306	385	265	1,065	1,711
Operating margin, %	3.6	4.5	1.1	4.1	5.1

Industry shipments of core appliances in the US		Nine months
Units, year-over-year, %	Q3 2008	2008
Core appliances	-9.6	-8.6
Major appliances	-6.1	-7.1

Major appliances

Industry shipments of appliances in the US during the third quarter continued to decline substantially, as deliveries of core appliances were almost 10% lower than in the same period of last year.

Group sales of appliances in North America during the third quarter increased somewhat in local currency, on the basis of price increases and an improved product mix. The new Electrolux-branded products have contributed to improving the product mix.

Operating income declined somewhat during the quarter in comparison with 2007, due mainly to higher costs for raw materials as well as launch costs of the Electrolux brand for appliances in the premium segment of the North American markets.

The launch continued during the quarter with the introduction of new laundry products. These products achieved good market acceptance, and order volume is good. Costs related to the launch had an adverse effect on operating income during the quarter. As sales exceeded expectations, the negative impact was lower than previously anticipated. The impact was approximately SEK –50m in the quarter. The total impact of the launch for the first nine months is approximately SEK –400m.

Floor-care products

Market demand for vacuum cleaners in the US declined somewhat during the third quarter. Sales for the Group's North American floor-care operations were lower as a result of lower sales volumes. Operating income declined but the margin was unchanged on the basis of an improved product mix.

Consumer Durables, Latin America

SEKm	Q3 2008	Q3 2007	Nine months 2008	Nine months 2007	Full year 2007
Net sales	2,713	2,107	7,665	6,251	9,243
Operating income	182	111	471	296	514
Operating margin, %	6.7	5.3	6.1	4.7	5.6

Industry shipments of appliances in Brazil are estimated to have risen by more than 10% during the third quarter in comparison with the same period of last year. Growth was particularly strong in the low-price segment. The Group's sales volumes showed a strong increase of approximately 25%, and market shares grew for several product categories.

Sales in Latin America rose by almost 30% in the third quarter. Operating income and margin both improved on the basis of higher sales volumes and a better customer mix, particularly in Brazil, as well as higher productivity at the Group's plants.

Consumer Durables, Asia/Pacific and Rest of world

SEKm	Q3 2008	Q3 2007	Nine months 2008	Nine months 2007	Full year 2007
Net sales	2,190	2,332	6,787	6,722	9,167
Operating income	101	97	353	146	330
Operating margin, %	4.6	4.2	5.2	2.2	3.6

Australia and New Zealand

Market demand for appliances during the third quarter has declined in comparison with the same period of last year. The Group's sales volumes were essentially unchanged, but market shares increased. Sales declined somewhat during the third quarter, mainly as a result of more intensive pressure on prices. Operating income was in line with last year, on the basis of implemented cost-cutting programs and relocation of production to low-cost countries.

China and Southeast Asia

Market statistics for the third quarter in China indicated continued growth, although at a lower rate than in previous quarters. Market demand increased primarily within the low-price segment, in which the Group is reducing its presence. Group sales in China were lower as a result of lower sales volumes. Operations in China continue to show a loss.

The operations in Southeast Asia reported strong growth in all markets. Electrolux is gaining market shares throughout the region and continues to show good profitability.

Professional Products

Q3 2008	Q3 2007	Nine months 2008	Nine months 2007	Full year 2007
1,709	1,717	5,406	5,172	7,102
185	126	593	369	584
10.8	7.3	11.0	7.1	8.2

Food-service equipment

Group sales of food-service equipment rose somewhat during the third quarter in comparison with the same period of last year and operating income improved. Electrolux continues to gain market shares in several key markets.

Laundry equipment

Group sales of laundry equipment declined in the third quarter in comparison with 2007. Operating income improved, mainly on the basis of previous price increases as well as the effects of relocation of manufacturing to Thailand.

Cash flow

Cash flow from operations and investments for the first nine months of 2008 has improved by approximately SEK 800m compared to the same period in 2007.

In the third quarter, cash flow from operations and investments amounted to SEK –409m. The negative cash flow in the quarter was impacted by payments for previously supplied air-conditioners in the US in the amount of approximately SEK 900m. The payment terms for air-conditioners had a positive effect on cash flow for the second quarter in 2008. Changes in trade receivables and inventories were traceable mainly to seasonally higher sales in the quarter.

Cash flow from investments amounted to SEK –1,166m. Capital expenditure in the third quarter referred mainly to investments within manufacturing for new products as well as reinvestments.

Cash flow	Q3		Nine months	Nine months
SEKm	2008	Q3 2007	2008	2007
Cash flow from operations, exclu ding change in operating assets and liabilities	1,615	1,586	2,852	3,292
Change in operating assets and liabilities	-858	75	-123	-891
Investments	-1,166	-957	-2,501	-2,974
Cash flow from operations and
investments	-409	704	228	-573
Dividend	-	-	-1,204	-1,126
Redemption of shares	-	-	-	-5,582
Sale of shares	-	4	17	122
Total cash flow, excluding change in loans and short term investments	-409	708	-959	-7,159

Financial position

Total equity as of September 30, 2008, amounted to SEK 16,002m (14,359), which corresponds to SEK 56.43 (50.99) per share.

Net borrowings SEKm	Sept. 30, 2008	Sept. 30, 2007	Dec. 31, 2007
Borrowings	11,984	10,460	11,163
Liquid funds	6,270	3,940	6,460
Net borrowings	5,714	6,520	4,703
Net debt/equity ratio	0.36	0.45	0.29
Equity	16,002	14,359	16,040
Equity per share, SEK	56.43	50.99	56.95
Return on equity, %	7.4	17.1	20.3
Return on equity, excluding items
affecting comparability, %	10.4	17.4	22.7
Equity/assets ratio, %	25.0	23.7	26.9

Net borrowings

Net borrowings decreased to SEK 5,714m (6,520) due to positive cash flow from operations and investments. The net debt/equity ratio was 0.36 (0.45). The equity/assets ratio was 25.0% (23.7).

During the first nine months of 2008, SEK 2,838m of the longterm borrowings matured and SEK 4,357m of new long-term borrowings were raised, of which SEK 3,151m in the second quarter. The maturity profile of the Group's borrowings has improved. Longterm borrowings as of September 30, 2008, including long-term borrowings with maturities within 12 months, amounted to SEK 9,631m with average maturities of 4.7 years compared to SEK 7,801m and 2.3 years by the end of 2007.

Net assets and working capital

Average net assets for the period declined to SEK 20,274m (20,589). Net assets as of September 30, 2008, amounted to SEK 21,716m (20,879).

Adjusted for items affecting comparability, i.e., restructuring provisions, average net assets declined to SEK 21,338m (23,233), corresponding to 21.0% (22.6) of net sales.

Working capital as of September 30, 2008, declined and amounted to SEK –2,355m (–1,113), corresponding to –2.2% (–1.1) of annualized net sales, se table on page 13.

The return on net assets was 10.1% (18.1), and 12.1% (16.2), excluding items affecting comparability.

Cash flow from operations and investments

Cash flow and change in net borrowings

Value creation

Value creation is the primary financial performance indicator for measuring and evaluating financial performance within the Group. The model links operating income and asset efficiency with the cost of the capital employed in operations. The model measures and evaluates profitability by region, business area, product line, or operation.

Total value created during the first nine months of 2008 decreased to SEK 12m as compared to SEK 739m in the previous year. Value created was affected by lower operating income, including the negative impact of the North American launch in the amount of approximately SEK –400m. The WACC rate for 2008 is computed at 12% (12). The capital-turnover rate was 4.76 (4.42).

Launch of premium products in North America

In April 2008, Electrolux was introduced as a major appliance brand in North America. The plan with the launch is to gain a significant long-term presence in the premium segment, which shows considerably higher profitability than the mass-market segment where the Group holds a strong position today. The launch has had a negative impact on operating income for each quarter of 2008 as it initially includes a considerable investment in marketing. The negative impact of the launch amounted to SEK 120m in the first quarter and SEK 230m in the second quarter. As sales in the third quarter exceeded expectations, the negative impact was lower than previously anticipated and amounted to approximately SEK –50m. The launch is expected to have a minor negative impact in the fourth quarter of 2008 and is expected to have a positive impact on the operating income in 2009.

Other items

New Chief Financial Officer

Jonas Samuelson has been appointed new Chief Financial Officer of the Electrolux Group. He will be a member of Group Management and report to the President and CEO Hans Stråberg.

Jonas Samuelson, 40, is currently Chief Financial Officer and Executive Vice President of Munters AB, a global leader in energy efficient air-treatment solutions and restoration services. Before joining Munters, Samuelson held several senior management postions with General Motors. Samuelson will assume his new position before the end of 2008.

Repurchase and transfer of own shares

For several years, Electrolux has on the basis of authorizations by the Annual General Meeting (AGM) acquired and transferred own shares. The purpose of the share-repurchase program is to enable adapting the capital structure of the Group and thereby to contribute to increased shareholder value, or to use the repurchased shares in conjunction with the financing of potential acquisitions and the Group's share-related incentive programs.

In accordance with the proposal by the Board of Directors, the AGM in 2008 decided to authorize the Board to repurchase and transfer own B-shares. The company may acquire B-shares that following each acquisition, the company holds at a maximum 10% of all shares issued by the company. The Group has not repurchased any shares in 2008 and 2007.

In the third quarter of 2008, senior managers purchased 10,542 B-shares from Electrolux under the terms of the employee stockoption programs. As of September 30, 2008, Electrolux held 25,338,804 B-shares, corresponding to 8.2% of the total number of outstanding shares. See table on page 10.

Asbestos litigation in the US

Litigation and claims related to asbestos are pending against the Group in the US. Almost all of the cases refer to externally supplied components used in industrial products manufactured by discontinued operations prior to the early 1970s. Some of the cases involve multiple plaintiffs who have made identical allegations against many other defendants who are not part of the Electrolux Group.

As of September 30, 2008, the Group had a total of 2,426 cases pending, representing approximately 3,000 plaintiffs. During the third quarter, 290 new cases with approximately 290 plaintiffs were filed and 152 pending cases with approximately 160 plaintiffs were resolved. Approximately 270 of the plaintiffs relate to cases pending in the state of Mississippi.

Additional lawsuits may be filed against Electrolux in the future. It is not possible to predict either the number of future claims or the number of plaintiffs that any future claims may represent. In addition, the outcome of asbestos claims is inherently uncertain and always difficult to predict and Electrolux cannot provide any assurances that the resolution of these types of claims will not have a material adverse effect on its business or on results of operations in the future.

Risk management

Risks in connection with the Group's operations can, in general, be divided into operational risks related to business operations and those related to financial operations. Operational risks are normally managed by the operating units within the Group, and financial risks by the Group's treasury department.

Restructuring measures 2007–2008

Plant closures and cutbacks Closed
Torsvik	Sweden	Compact appliances	(Q1 2007)
		Dishwashers, washing
Nuremberg	Germany	machines and dryers	(Q1 2007)
Adelaide	Australia	Dishwashers	(Q2 2007)
Fredericia	Denmark	Cookers	(Q4 2007)
Adelaide	Australia	Washing machines	(Q1 2008)
Authorized closures			Estimated closure
Spennymoor	UK	Cookers	(Q4 2008)
Scandicci	Italy	Refrigerators	(Q3 2009)

Juarez	Mexico	Washing machines	(2007-2008)
		The Group initiated a restructuring program 2004 to make the Group's pro

countries and savings will amount to approximately SEK 3 billion annually. Restructuring provisions and write-downs are reported as items affecting comparability within operating income. For information on provisions for the first nine months 2008, see table on page 10.

7

Operational risks

Electrolux is currently exposed to risks in connection with its business operations. Electrolux operates in competitive markets, most of which are relatively mature. Demand for appliances can vary with overall economic conditions and price competition is strong in most product categories. The Group's ability to improve profitability and increase shareholder value is largely dependent on success in development of innovative products and in maintaining cost-efficient production. Managing fluctuations in the prices of raw materials and components and restructuring are vital for maintaining and increasing the Group's competitiveness.

Financial risk management

Furthermore, the Group is exposed to a number of risks related to, for example, liquid funds, trade receivables, customer financing receivables, payables, borrowings, commodities and derivative instruments. The risks are, primarily:

• • Interest-rate risks on liquid funds and borrowings
• • Financing risks related to the Group's capital requirements
• • Foreign-exchange risks on earnings and net investments in foreign subsidiaries
• • Credit risks related to financial and commercial activities

Risks, risk management and risk exposures are described in the Annual Report of 2007, www.electrolux.com/annualreport2007. Please see page 3 for the Group's outlook for the full year of 2008.

Parent company AB Electrolux

The Parent Company comprises the functions of the Group's head office, as well as five companies operating on a commission basis for AB Electrolux.

Net sales for the Parent Company, AB Electrolux, for the first nine months of 2008 amounted to SEK 4,099m (4,331) of which SEK 2,069m (2,190) referred to sales to Group companies and SEK 2,030m (2,141) to external customers. Income after financial items was SEK 391m (1,240), including dividends from subsidiaries in the amount of SEK 1,029m (1,318). Income for the period amounted to SEK 442m (1,275).

Capital expenditure in tangible and intangible assets was SEK 331m (126). Liquid funds at the end of the period amounted to SEK 2,558m (632) as against SEK 2,880m at the start of the year.

Undistributed earnings in the Parent Company at the end of the period amounted to SEK 8,941m, as against SEK 9,846m at the start of the year. Dividend payment to shareholders in 2007 amounted to SEK 1,204m.

The income statement and balance sheet for the Parent Company are presented on page 17.

Stockholm, October 27, 2008

Hans Stråberg President and CEO

Sensitivity analysis year-end 2007

Raw materials exposure 2007

1) Includes translation and transaction effects.

Accounting and valuation principles

Electrolux applies International Financial Reporting Standards (IFRS) as adopted by the European Union. This report has been prepared in accordance with IAS 34, Interim Financial Reporting, and ÅRL, the Swedish Annual Accounts Act and recommendation RFR 2.1, Accounting for legal entities, issued by the Swedish Financial Reporting Board. There are no changes in the Group's accounting and valuation principles compared with the accounting and valuation principles described in Note 1 of the Annual Report 2007.

Previous outlook

In the following text you will find the previous outlook reported in July 2008:

In April 2008, the Group introduced Electrolux as a major appliance brand in North America. The plan with the launch is to gain a significant long-term presence in the premium segment. However, we expect the launch to have a negative impact on 2008 results as it initially includes a considerable investment in marketing.

Furthermore, the European appliance operations will be negatively impacted by higher than anticipated costs for the product launches and the ongoing cost-reduction program.

The increasing uncertainty in the overall global economy makes it continuously difficult to predict the development in 2008.

Provided that market demand for appliances in Europe will decline by 1-2% in 2008 compared to 2007 and that market demand for appliances in North America will decline by 5-8%, we expect an operating income for the full year of 2008 of SEK 3,300-3,900m, excluding items affecting comparability.

Review report

We have reviewed this report for the period January 1st to September 30th, 2008 for AB Electrolux (publ). The board of directors and the CEO are responsible for the preparation and presentation of this interim financial information in accordance with IAS 34 and the Annual Accounts Act. Our responsibility is to express a conclusion on this interim financial information based on our review.

We conducted our review in accordance with the Standard on Review Engagements SÖG 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity. A review consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing in Sweden, RS, and other generally accepted auditing practices. The procedures performed in a review do not enable us to obtain a level of assurance that would make us aware of all significant matters that might be identified in an audit. Therefore, the conclusion expressed based on a review does not give the same level of assurance as a conclusion expressed based on an audit.

Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim financial information is not, in all material respects, in accordance with IAS 34 and the Annual Accounts Act.

Stockholm, October 27, 2008

PricewaterhouseCoopers AB

Peter Clemedtson Authorized Public Accountant Lead partner

Björn Irle Authorized Public Accountant

Press releases 2008

January 7	Ruy Hirschheimer appointed Executive Vice President of AB Electrolux	June 12 June 24	Enderson Guimaraes new head of Major Appliances Europe Issue of bond loan
February 6	Consolidated results 2007 and CEO Hans Stråberg's comments	July 17	Half-yearly report and CEO Hans Stråberg's comments
February 22	Hasse Johansson proposed as new Board member of Electrolux	July 21	Nomination committee for Electrolux Annual General Meeting 2009
April 1	Electrolux Annual General Meeting 2008: CEO's comments on current market conditions	August 11 August 28	Jonas Samuelson appointed new Chief Financial Officer Electrolux awarded "Best Annual Report" in the world
April 28	Interim report January-March and CEO Hans Stråberg's comments	September 9	Electrolux included in Dow Jones Sustainability World Index
May 26	Magnus Yngen to leave Electrolux to become President and CEO of Husqvarna	October 27	Interim report January-September and CEO Hans Stråberg's comments
May 27	Electrolux to concentrate production of refrigerators in Italy to factory in Susegana

Consolidated income statement

SEKm	Q3 2008	Q3 2007	Nine months 2008	Nine months 2007	Full year 2007
Net sales	26,349	26,374	76,129	77,089	104,732
Cost of goods sold	-21,493	-21,590	-62,666	-63,344	-85,466
Gross operating income	4,856	4,784	13,463	13,745	19,266
Selling expenses	-2,624	-2,463	-8,375	-7,599	-10,219
Administrative expenses	-1,031	-1,162	-3,299	-3,317	-4,417
Other operating income/expenses	-23	-7	143	1	207
Items affecting comparability	108	0	-397	-31	-362
Operating income*	1,286	1,152	1,535	2,799	4,475
Margin, %	4.9	4.4	2.0	3.6	4.3
Financial items, net	-94	-115	-352	-340	-440
Income after financial items	1,192	1,037	1,183	2,459	4,035
Margin, %	4.5	3.9	1.6	3.2	3.9
Taxes	-345	-275	-343	-660	-1,110
Income for the period	847	762	840	1,799	2,925
Attributable to:
Equity holders of the Parent Company	847	762	840	1,799	2,925
Minority interest in income for the period	-	-	-	-	-
	847	762	840	1,799	2,925
* Operating income includes:
Depreciation and amortization	-750	-623	-2,134	-2,007	-2,738
Earnings per share, SEK	2.99	2.71	2.97	6.41	10.41
Diluted, SEK	2.99	2.67	2.97	6.36	10.33
Number of shares after buy-backs, million	283.6	281.6	283.6	281.6	281.6
Average number of shares after buybacks, million	283.6	281.6	283.0	280.9	281.0
Diluted, million	283.6	284.0	283.1	282.9	283.3

Items affecting comparability

SEKm	Q3 2008	Q3 2007	Nine months 2008	Nine months 2007	Full year 2007
Restructuring provisions and write-downs
Appliances plants in Scandicci and Susegana, Italy	55	-	-484	-	-
Appliances plant in Spennymoor, UK	-	-	-	-	-317
Appliances plant in Fredericia, Denmark	-	-	-	-31	-45
Reversal of unused restructuring provisions	53	-	87	-	-
Total	108	-	-397	-31	-362

Shares

Number of shares	Outstanding A-shares	Outstanding B-shares	Shares held by Electrolux	Shares held by other shareholders
Number of shares as of January 1, 2008	9,502,275	299,418,033	27,281,891	281,638,417
Shares sold to senior managers under the stock option programs	-	-	-	-
First quarter	-	-	-32,550	32,550
Second quarter	-	-	-177,325	177,325
Third quarter	-	-	-10,542	10,542
Shares alloted to senior managers under the Performance Share Program 2005	-	-	-1,722,670	1,722,670
Number of shares as of September 30, 2008	9,502,275	299,418,033	25,338,804	283,581,504
As % of total number of shares			8.2%

Consolidated balance sheet

SEKm	Sept. 30, 2008	Sept. 30, 2007	Dec. 31, 2007
Assets
Property, plant and equipment	16,008	14,988	15,205
Goodwill	2,033	2,032	2,024
Other intangible assets	2,547	1,873	2,121
Investments in associates	29	32	32
Deferred tax assets	2,505	2,349	2,141
Financial assets	1,827	1,898	2,284
Total non-current assets	24,949	23,172	23,807
Inventories	14,057	13,648	12,398
Trade receivables	21,631	20,856	20,379
Tax assets	418	416	391
Derivatives	605	382	411
Other current assets	3,265	2,814	2,992
Short-term investments	429	323	165
Cash and cash equivalents	4,937	2,905	5,546
Total current assets	45,342	41,344	42,282
Total assets	70,291	64,516	66,089
Equity and liabilities
Equity attributable to equity holders of the Parent Company
Share capital	1,545	1,545	1,545
Other paid-in capital	2,905	2,905	2,905
Other reserves	1,187	288	837
Retained earnings	10,364	9,620	10,752
	16,001	14,358	16,039
Minority interests	1	1	1
Total equity	16,002	14,359	16,040
Long-term borrowings	9,049	3,717	4,887
Deferred tax liabilities	879	1,180	935
Provisions for post-employment benefits	6,216	6,156	6,266
Other provisions	4,042	3,849	3,813
Total non-current liabilities	20,186	14,902	15,901
Accounts payable	16,422	14,977	14,788
Tax liabilities	2,077	2,006	2,027
Short-term liabilities	11,287	10,616	10,049
Short-term borrowings	2,359	6,213	5,701
Derivatives	307	277	280
Other provisions	1,651	1,166	1,303
Total current liabilities	34,103	35,255	34,148
Total equity and liabilities	70,291	64,516	66,089
Contingent liabilities	1,189	1,084	1,016

Consolidated cash flow statement

SEKm	Q3 2008	Q3 2007	Nine months 2008	Nine months 2007	Full year 2007
Operations
Operating income	1,286	1,152	1,535	2,799	4,475
Depreciation and amortization	750	623	2,134	2,007	2,738
Capital gain/loss included in operating income	0	0	-167	0	-190
Restructuring provisions	-302	-69	405	-833	-701
Share-based compensation	-5	36	-41	71	72
Financial items paid	15	-14	-368	-212	-271
Taxes paid	-129	-142	-646	-540	-815
Cash flow from operations, excluding change in operating assets and liabilities	1,615	1,586	2,852	3,292	5,308
Change in operating assets and liabilities
Change in inventories	-66	209	-1,242	-1,582	-206
Change in trade receivables	-619	-583	-416	120	993
Change in other current assets	156	238	-205	179	40
Change in accounts payable	-550	-481	948	-405	-885
Change in other operating liabilities and provisions	221	692	792	797	-94
Cash flow from change in operating assets and liabilities	-858	75	-123	-891	-152
Cash flow from operations	757	1,661	2,729	2,401	5,156
Investments
Capital expenditure in property, plant and equipment	-851	-815	-2,127	-2,535	-3,430
Capitalization of product development	-116	-134	-391	-362	-520
Other	-199	-8	17	-77	71
Cash flow from investments	-1,166	-957	-2,501	-2,974	-3,879
Cash flow from operations and investments	-409	704	228	-573	1,277
Financing
Change in short-term investments	-312	304	-252	1,301	1,463
Change in short-term borrowings	-76	-762	-847	1,275	670
New long-term borrowings	183	0	4,357	2,000	3,257
Amortization of long-term borrowings	-6	0	-2,838	0	0
Dividend	0	0	-1,204	-1,126	-1,126
Redemption of shares	0	0	0	-5,582	-5,582
Sale of shares	0	4	17	122	127
Cash flow from financing	-211	-454	-767	-2,010	-1,191
Total cash flow	-620	250	-539	-2,583	86
Cash and cash equivalents at beginning of period	5,558	2,720	5,546	5,475	5,475
Exchange-rate differences	-1	-65	-70	13	-15
Cash and cash equivalents at end of period	4,937	2,905	4,937	2,905	5,546
Change in net borrowings
Total cash flow, excluding change in loans
and short-term investments	-409	708	-959	-7,159	-5,304
Net borrowings at beginning of period	-5,217	-7,755	-4,703	304	304
Exchange-rate differences referring to net borrowings	-88	527	-52	335	297
Net borrowings at end of period	-5,714	-6,520	-5,714	-6,520	-4,703

Change in total equity

SEKm	Nine months 2008	Nine months 2007	Full year 2007
Opening balance	16,040	13,194	13,194
Available for sale instruments	-392	8	248
Change in revaluation and hedge reserve	53	5	72
Translation differences	689	286	528
Income for the period recognized directly in equity	350	299	848
Income for the period	840	1,799	2,925
Total recognized income and expenses for the period	1,190	2,098	3,773
Share-based payment	-41	71	72
Repurchase and sale of shares	17	122	127
Dividend	-1,204	-1,126	-1,126
Total transactions with equity holders	-1,228	-933	-927
Closing balance	16,002	14,359	16,040

Working capital and net assets

SEKm	Sept. 30, 2008	% of annualized net sales	Sept. 30, 2007	% of annualized net sales	Dec. 31, 2007	% of annualized net sales
Inventories	14,057	13.0	13,648	13.1	12,398	11.1
Trade receivables	21,631	19.9	20,856	20.0	20,379	18.3
Accounts payable	-16,422	-15.1	-14,977	-14.4	-14,788	-13.3
Provisions	-11,909		-11,171		-11,382
Prepaid and accrued income and expenses	-7,644		-7,076		-6,445
Taxes and other assets and liabilities	-2,068		-2,393		-2,291
Working capital	-2,355	-2.2	-1,113	-1.1	-2,129	-1.9
Property, plant and equipment	16,008		14,988		15,205
Goodwill	2,033		2,032		2,024
Other non-current assets	4,404		3,803		4,437
Deferred tax assets and liabilities	1,626		1,169		1,206
Net assets	21,716	20.0	20,879	20.0	20,743	18.6
Average net assets	20,274	20.0	20,589	20.0	20,644	19.8
Average net assets, excluding items affecting comparability	21,338	21.0	23,233	22.6	23,196	22.2

Key ratios

	Q3 2008	Q3 2007	Nine months 2008	Nine months 2007	Full year 2007
Net sales, SEKm	26,349	26,374	76,129	77,089	104,732
Operating income, SEKm	1,286	1,152	1,535	2,799	4,475
Margin, %	4.9	4.4	2.0	3.6	4.3
EBITDA, SEKm	2,036	1,775	3,669	4,806	7,213
Earnings per share, SEK ¹)	2.99	2.71	2.97	6.41	10.41
Return on net assets, %	-	-	10.1	18.1	21.7
Return on equity, %	-	-	7.4	17.1	20.3
Equity per share, SEK	-	-	56.43	50.99	56.95
Cash flow from operations, SEKm	757	1,661	2,729	2,401	5,156
Capital expenditure, SEKm	-851	-815	-2,127	-2,535	-3,430
Net borrowings, SEKm	-	-	5,714	6,520	4,703
Net debt/equity ratio	-	-	0.36	0.45	0.29
Equity/assets ratio,%	-	-	25.0	23.7	26.9
Average number of employees	56,174	57,278	55,963	56,779	56,898
Excluding items affecting comparability
Operating income, SEKm	1,178	1,152	1,932	2,830	4,837
Margin, %	4.5	4.4	2.5	3.7	4.6
EBITDA, SEKm	1,928	1,775	4,066	4,837	7,575
Earnings per share, SEK ¹ )	2.90	2.71	4.14	6.52	11.66
Return on net assets, %	-	-	12.1	16.2	20.9
Return on equity, %	-	-	10.4	17.4	22.7
Value creation, SEKm	532	443	12	739	2,053

1) Basic, based on average number of shares after buy-backs, see page 15.

For definitions, see page 18.

Net sales by business area

SEKm	Q3 2008	Q3 2007	Nine months 2008	Nine months 2007	Full year 2007
Consumer Durables, Europe	11,345	11,624	32,370	32,674	45,472
Consumer Durables, North America	8,384	8,589	23,873	26,254	33,728
Consumer Durables, Latin America	2,713	2,107	7,665	6,251	9,243
Consumer Durables, Asia/Pacific and Rest of world	2,190	2,332	6,787	6,722	9,167
Professional Products	1,709	1,717	5,406	5,172	7,102
Other	8	5	28	16	20
Total	26,349	26,374	76,129	77,089	104,732

Operating income by business area

SEKm	Q3 2008	Q3 2007	Nine months 2008	Nine months 2007	Full year 2007
Consumer Durables, Europe	514	514	616	1,283	2,067
Margin, %	4.5	4.4	1.9	3.9	4.5
Consumer Durables, North America	306	385	265	1,065	1,711
Margin, %	3.6	4.5	1.1	4.1	5.1
Consumer Durables, Latin America	182	111	471	296	514
Margin, %	6.7	5.3	6.1	4.7	5.6
Consumer Durables, Asia/Pacific and Rest of world	101	97	353	146	330
Margin, %	4.6	4.2	5.2	2.2	3.6
Professional Products	185	126	593	369	584
Margin, %	10.8	7.3	11.0	7.1	8.2
Total business areas	1,288	1,233	2,298	3,159	5,206
Margin, %	4.9	4.7	3.0	4.1	5.0
Common Group costs, etc.	-110	-81	-366	-329	-369
Items affecting comparability	108	0	-397	-31	-362
Operating income	1,286	1,152	1,535	2,799	4,475

Change in net sales by business area

Year-over-year, %	Q3 2008	Q3 2008 in comparable currencies	Nine months 2008	Nine months 2008 in comparable currencies
Consumer Durables, Europe	-2.4	-3.6	-0.9	-2.4
Consumer Durables, North America	-2.4	4.6	-9.1	-1.0
Consumer Durables, Latin America	28.8	26.7	22.6	18.6
Consumer Durables, Asia/Pacific and Rest of world	-6.1	-3.7	1.0	3.1
Professional Products	-0.5	-0.5	4.5	4.2
Total change	-0.1	1.6	-1.2	0.8

Change in operating income by business area

Year-over-year, %	Q3 2008	Q3 2008 in comparable currencies	Nine months 2008	Nine months 2008 in comparable currencies
Consumer Durables, Europe	0.0	-1.9	-52.0	-52.9
Consumer Durables, North America	-20.5	-13.6	-75.1	-73.1
Consumer Durables, Latin America	64.0	61.1	59.1	57.0
Consumer Durables, Asia/Pacific and Rest of world	4.1	7.4	141.8	140.1
Professional Products	46.8	44.5	60.7	56.9
Total change, excluding items affecting comparability	2.3	3.9	-31.7	-30.9

Exchange rates

SEK	Sept. 30, 2008	Sept. 30, 2007	Dec. 31, 2007
AUD, average	5.65	5.63	5.65
AUD, end of period	5.51	5.72	5.64
CAD, average	6.16	6.23	6.30
CAD, end of period	6.51	6.50	6.57
EUR, average	9.45	9.22	9.25
EUR, end of period	9.78	9.21	9.45
GBP, average	12.13	13.61	13.48
GBP, end of period	12.30	13.18	12.86
USD, average	6.22	6.85	6.74
USD, end of period	6.81	6.49	6.43

Net sales and income per quarter

SEKm		Q1	Q2	Q3	Q4	Full year
Net sales	2008	24,193	25,587	26,349
	2007	24,930	25,785	26,374	27,643	104,732
Operating income	2008	-5	254	1,286
	Margin, %	0.0	1.0	4.9
	2008 ¹)	-39	793	1,178
	Margin, %	-0.2	3.1	4.5
	2007	757	890	1,152	1,676	4,475
	Margin, %	3.0	3.5	4.4	6.1	4.3
	2007 ¹)	757	921	1,152	2,007	4,837
	Margin, %	3.0	3.6	4.4	7.3	4.6
Income after financial items	2008	-149	140	1,192
	Margin, %	-0.6	0.5	4.5
	2008 ¹)	-183	679	1,084
	Margin, %	-0.8	2.7	4.1
	2007	670	752	1,037	1,576	4,035
	Margin, %	2.7	2.9	3.9	5.7	3.9
	2007 ¹)	670	783	1,037	1,907	4,397
	Margin, %	2.7	3.0	3.9	6.9	4.2
Income for the period	2008	-106	99	847
	2007	492	545	762	1,126	2,925
Earnings per share, SEK ²)	2008	-0.38	0.36	2.99
	2008 ¹)	-0.50	1.74	2.90
	2007	1.76	1.94	2.71	4.00	10.41
	2007 ¹)	1.76	2.05	2.71	5.14	11.66
Value creation, continuing operations	2008	-695	175	532
	2007	86	210	443	1,314	2,053

1) Excluding items affecting comparability.

2) Basic, based on average number of shares after buy-backs.

Number of shares, basic

Number of shares after buy-backs, million	2008	283.4	283.6	283.6
	2007	281.4	281.5	281.6	281.6	281.6
Average number of shares after buy-backs, million	2008	282.1	283.5	283.6
	2007	279.7	281.5	280.9	281.6	281.0
Items affecting comparability
Restructuring provisions, write-downs and capital	2008	34	-539	108		-397
loss on divestment, SEKm	2007	-	-31	-	-331	-362

Net sales by business area per quarter

SEKm		Q1	Q2	Q3	Q4	Full year
Consumer Durables, Europe	2008	10,525	10,500	11,345
	2007	10,554	10,496	11,624	12,798	45,472
Consumer Durables, North America	2008	7,275	8,214	8,384
	2007	8,622	9,043	8,589	7,474	33,728
Consumer Durables, Latin America	2008	2,404	2,548	2,713
	2007	1,983	2,161	2,107	2,992	9,243
Consumer Durables, Asia/Pacific and Rest of world	2008	2,228	2,369	2,190
	2007	2,076	2,314	2,332	2,445	9,167
Professional Products	2008	1,753	1,944	1,709
	2007	1,688	1,767	1,717	1,930	7,102

Operating income by business area per quarter

SEKm		Q1	Q2	Q3	Q4	Full year
Consumer Durables, Europe	2008	-192	294	514
	Marginal, %	-1.8	2.8	4.5
	2007	470	299	514	784	2,067
	Marginal, %	4.5	2.8	4.4	6.1	4.5
Consumer Durables, North America	2008	-154	113	306
	Marginal, %	-2.1	1.4	3.6
	2007	258	422	385	646	1,711
	Marginal, %	3.0	4.7	4.5	8.6	5.1
Consumer Durables, Latin America	2008	156	133	182
	Marginal, %	6.5	5.2	6.7
	2007	82	103	111	218	514
	Marginal, %	4.1	4.8	5.3	7.3	5.6
Consumer Durables, Asia/Pacific and Rest of world	2008	105	147	101
	Marginal, %	4.7	6.2	4.6
	2007	2	47	97	184	330
	Marginal, %	0.1	2.0	4.2	7.5	3.6
Professional Products	2008	183	225	185
	Marginal, %	10.4	11.6	10.8
	2007	103	140	126	215	584
	Marginal, %	6.1	7.9	7.3	11.1	8.2
Common Group costs, etc.	2008	-137	-119	-110
	2007	-158	-90	-81	-40	-369
Items affecting comparability	2008	34	-539	108
	2007	-	-31	-	-331	-362

Parent Company, income statement

SEKm	Q3 2008	Q3 2007	Nine months 2008	Nine months 2007	Full year 2007
Net sales	1,370	1,499	4,099	4,331	6,092
Cost of goods sold	-1,166	-1,267	-3,701	-3,755	-5,207
Gross operating income	204	232	398	576	885
Selling expenses	-192	-156	-515	-476	-608
Administrative expenses	-94	-114	-339	-371	-441
Other operating income	27	3	97	22	57
Other operating expenses	0	-3	-9	-5	-519
Operating income	-55	-38	-368	-254	-626
Financial income	544	1,071	1,697	2,190	3,201
Financial expenses	-453	-259	-938	-696	-939
Financial items, net	91	812	759	1,494	2,262
Income after financial items	36	774	391	1,240	1,636
Appropriations	3	2	10	12	18
Income before taxes	39	776	401	1,252	1,654
Taxes	14	10	41	23	28
Income for the period	53	786	442	1,275	1,682

Parent Company, balance sheet

SEKm	Sept. 30, 2008	Sept. 30, 2007	Dec. 31, 2007
Assets
Non-current assets	26,401	26,251	26,025
Current assets	16,865	15,248	15,945
Total assets	43,266	41,499	41,970
Equity and liabilities
Restricted equity	4,562	4,562	4,562
Non-restricted equity	8,941	9,175	9,846
Total equity	13,503	13,737	14,408
Untaxed reserves	713	729	724
Provisions	560	537	521
Non-current liabilities	8,382	3,577	4,807
Current liabilities	20,108	22,919	21,510
Total equity and liabilities	43,266	41,499	41,970
Pledged assets	24	5	8
Contingent liabilities	1,579	1,338	1,365

Five-year review

				Including Husqvarna
	2007	2006	2005	2005	2004 ¹ )	2003 2)
Net sales, SEKm	104,732	103,848	100,701	129,469	120,651	124,077
Operating income, SEKm	4,475	4,033	1,044	3,942	4,807	7,175
Margin, %	4.3	3.9	1.0	3.0	4.0	5.8
Margin, excluding items affecting comparability, %	4.6	4.4	4.0	5.4	5.6	6.2
Income after financial items, SEKm	4,035	3,825	494	3,215	4,452	7,006
Margin, %	3.9	3.7	0.5	2.5	3.7	5.6
Margin, excluding items affecting comparability, %	4.2	4.2	3.4	4.8	5.3	6.0
Income for the period, SEKm	2,925	2,648	-142	1,763	3,259	4,778
Earnings per share, SEK	10.41	9.17	-0.49	6.05	10.92	15.25
Average number of shares after buy-backs, million Dividend, SEK	281.0 4.25	288.8 4.00	291.4 7.50	291.4 7.50	298.3 7.00	313.3 6.50
Value creation, SEKm	2,053	2,202	1,305	2,913	3,054	3,449
Return on equity, %	20.3	18.7	-	7.0	13.1	17.3
Return on net assets, %	21.7	23.2	5.4	13.0	17.5	23.9
Net debt/equity ratio	0.29	-0.02	-	0.11	0.05	0.00
Capital expenditure, SEKm	3,430	3,152	3,654	4,765	4,515	3,463
Average number of employees	56,898	55,471	57,842	69,523	72,382	77,140

1) Restated to comply with IFRS, except for IAS 39. If IAS 39 had been applied in 2004, the volatility in income, net borrowings and equity would most probably have been higher.

2) Comparative figures for 2003 have not been restated to comply with IFRS. A restatement of 2003 would follow the same pattern as the restatement of 2004, i.e., the effects on income and equity would be limited.

Definitions

Capital indicators

Annualized sales

In computation of key ratios where capital is related to net sales, the latter are annualized and converted at year-end-exchange rates and adjusted for acquired and divested operations.

Net assets

Total assets exclusive of liquid funds and interest-bearing financial receivables less operating liabilities, non-interest-bearing provisions and deferred tax liabilities.

Working capital

Current assets exclusive of liquid funds and interest-bearing financial receivables less operating liabilities and non-interest-bearing provisions.

Net borrowings Total borrowings less liquid funds.

Net debt/equity ratio Net borrowings in relation to equity.

Equity/assets ratio Equity as a percentage of total assets less liquid funds.

Other key ratios

Earnings per share Income for the period divided by the average number of shares after buy-backs.

Operating margin

Operating income expressed as a percentage of net sales.

EBITDA

Operating income before depreciation and amortization.

Value creation

Operating income excluding items affecting comparability less the weighted average cost of capital (WACC) on average net assets excluding items affecting comparability: [(Net sales – operating costs = operating income) – (WACC x average net assets)]. The WACC rate before tax for 2008 and 2007 is calculated at 12% compared to 11% for 2006, 12% for 2005 and 2004 and 13% for 2003.

Return on equity

Income for the period expressed as a percentage of average equity.

Return on net assets

Operating income expressed as a percentage of average net assets.

President and CEO Hans Stråberg's comments on the third quarter results 2008

Today's press release is available on the Electrolux website www.electrolux.com/ir

Telephone conference

A telephone conference will be held at 15.00-16.00 CET on October 27, 2008. The conference will be chaired by Hans Stråberg, President and CEO of Electrolux. Mr. Stråberg will be accompanied by Peter Nyquist, Head of Investor Relations and Financial Information. A slide presentation for the third quarter of 2008 will be available on the Electrolux website www.electrolux.com/ir

Details for participation by telephone: Participants in Sweden should call +46 (0)8 505 598 53 Participants in UK/Europe should call +44 (0)20 3043 2436 Participants in US should call +1 866 458 4087

You can also listen to the presentation at http://www.electrolux.com/webcast1

For further information

Peter Nyquist, Head of Investor Relations and Financial Information: +46 (0)8 738 60 03. Financial information from Electrolux is also available at www.electrolux.com/ir

Factors affecting forward-looking statements

This report contains "forward-looking" statements within the meaning of the US Private Securities Litigation Reform Act of 1995. Such statements include, among others, the financial goals and targets of Electrolux for future periods and future business and financial plans. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially due to a variety of factors. These factors include, but may not be limited to the following; consumer demand and market conditions in the geographical areas and industries in which Electrolux operates, effects of currency fluctuations, competitive pressures to reduce prices, significant loss of business from major retailers, the success in developing new products and marketing initiatives, developments in product liability litigation, progress in achieving operational and capital efficiency goals, the success in identifying growth opportunities and acquisition candidates and the integration of these opportunities with existing businesses, progress in achieving structural and supply-chain reorganization goals.

Calendar 2009

Financial reports 2009

Consolidated results 2008 February 4 Interim report January–March April 22 Interim report January–June July 16 Interim report January–September October 26

Annual General Meeting 2009

The Annual General Meeting of AB Electrolux will be held at 5 pm on Tuesday, March 31, 2009, at the Berwald Hall, Dag Hammarskjölds väg 3, Stockholm, Sweden.

Electrolux discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.00 CET on October 27, 2008.