Electrolux — Interim / Quarterly Report 2009

Apr 22, 2009

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

Interim report January - March 2009

Stockholm, April 22, 2009

Highlights of the first quarter of 2009

• • Net sales amounted to SEK 25,818m (24,193) and income for the period to SEK -346m (-106), or SEK -1.22 (-0.38) per share.
• • Net sales declined by 8.4%, in comparable currencies, due to continued sharp market downturn in Electrolux main markets.
• • Operating income amounted to SEK 38m, excluding items affecting comparability.
• • Restructuring charges totalling SEK 424m taken for reducing manufacturing capacity in Italy, Russia and China.
• • Changes in exchange rates had a negative impact of SEK 397m on operating income, primarily in Asia/Pacific, Latin America and Europe.
• • Continued strong cash flow gives Electrolux a solid financial position.
• • On-going cost-cutting measures starting to generate savings on a global basis.
• • Operating income in Europe adversely impacted by continued weak markets, while price increases and cost savings had a positive impact.
• • Operating income for appliances in North America in line with the previous year in comparable currencies.
• • Electrolux continues to take market shares in the market for appliances in North America.

			Change
SEKm	Q1 2009	Q1 2008	%
Net sales	25,818	24,193	6.7
Operating income	-386	-5	N/A
Margin, %	-1.5	0.0
Income after financial items	-493	-149	-230.9
Income for the period	-346	-106	-226.4
Earnings per share, SEK1)	-1.22	-0.38
Return on net assets, %	-7.3	-0.1
Excluding items affecting comparability
Items affecting comparability	-424	34
Operating income	38	-39	197.4
Margin, %	0.1	-0.2
Income after financial items	-69	-183	62.3
Income for the period	60	-140	142.9
Earnings per share, SEK1)	0.21	-0.50
Return on net assets, %	0.7	-0.7

1) Basic, based on an average of 283.6 (282.1) million shares for the first quarter, excluding shares held by Electrolux. 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.

Contents

Net sales and income	2
Market overview	3
Business areas	3
Cash flow	6
Financial position	6
Structural changes	7
Financial statement	10

Net sales and income

First quarter of 2009

Net sales for the Electrolux Group in the first quarter of 2009 amounted to SEK 25,818m (24,193). Sales were positively impacted by changes in exchange rates, while changes in volume/price/mix had a negative impact. Net sales decreased by 8.4% in comparable currencies.

Change in net sales

%	Q1 2009
Changes in Group structure	0.0
Changes in exchange rates	15.1
Changes in volume/price/mix	-8.4
Total	6.7

Operating income

Operating income for the first quarter of 2009 amounted to SEK -386m (-5) and income after financial items to SEK -493m (-149). Income for the period decreased to SEK -346m (-106), corresponding to SEK -1.22 (-0.38) in earnings per share.

Items affecting comparability

Operating income for the first quarter of 2009 includes items affecting comparability in the amount of SEK -424m (34) referring to restructuring provisions related to restructuring of appliances plants, see page 7 and page 10.

Excluding items affecting comparability, operating income amounted to SEK 38m (-39).

Non-recurring items

Operating income for the first quarter of 2009 was negatively impacted by the launch of Electrolux in North America in a net amount of approximately SEK -200m. Operating income for the first quarter of 2008 included non-recurring items in the net amount of SEK -550m, see table below.

Electrolux North American launch and nonrecurring items

SEKm, approximately	Q1 2009	Q1 2008
Net impact of the launch of Electrolux, appliances North America	-200	-120
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	-200	-550

Excluding items affecting comparability and the items described in the table above, operating income for the first quarter of 2009 amounted to SEK 238m (511).

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 -397m on operating income for the first quarter of 2009 compared to the same period previous year. Transaction effects net of hedging contracts amounted to SEK -388m and referred mainly to the strengthening of the US dollar and the euro against several other currencies. Translation of income statements in subsidiaries had a negative effect of SEK -9m.

The effect of changes in exchange rates on income after financial items amounted to SEK -405m.

Financial net

Net financial items for the first quarter of 2009 improved to SEK -107m, compared to SEK -144m for the corresponding period in the previous year. The improvement is mainly due to lower interest rates on borrowings.

Share of sales by business area, for the full year of 2008 Operating income and margin*

Market overview

Most of Electrolux main markets for appliances showed a decline in the first quarter of 2009. The North American market has declined for eleven consecutive quarters. In the first quarter, industry shipments in the US declined by 16%. The European market has been falling for five consecutive quarters, with Eastern Europe showing a continued dramatic downturn in the first quarter, declining by 31%. Demand in Western Europe declined by 9% and the total market in Europe by 15%. After a long period of strong growth, the Latin American market for appliances has declined for two consecutive quarters.

There are no indications of an immediate improvement in any of the Group's main markets, and therefore market demand for appliances around the world is expected to decline further in 2009.

Business areas

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

Consumer Durables, Europe

SEKm	Q1 2009	Q1 2008	Full year 2008
Net sales	10,175	10,525	44,342
Operating income	125	-192	-22
Operating margin, %	1.2	-1.8	0.0

Industry shipments of core appliances in Europe

Units, year-over-year, %	Q1 2009
Western Europe	-9%
Eastern Europe (excluding Turkey)	-31%
Total Europe	-15%

Core appliances

Industry shipments of appliances in Europe declined by 15% in the first quarter of 2009 in comparison with the same period last year. Deliveries in Western Europe declined by 9%. Demand continued to fall in a number of the Group's major markets, including Italy, Great Britain and the Nordic region. Demand in Germany continued to increase somewhat during the quarter. Deliveries of appliances in Eastern Europe showed a sharp reduction in the first quarter, declining by 31%. Weak market demand led to lower sales for the Group in comparison with the first quarter of 2008.

Operating income for the first quarter of 2008 was adversely affected by non-recurring costs in the net amount of approximately SEK -350m (see page 2). Operating income for the first quarter of 2009 was in line with the first quarter of 2008, exclusive of these non-recurring costs. Lower volumes and reduced utilization of capacity at the Group's plants had a negative effect on income. Higher average sales prices, cost-reductions in production and administration, and the effects of previously authorized personnel cutbacks had a positivie impact on operating income.

Floor-care products

Demand for vacuum cleaners in Europe continued to decline in the first quarter of 2009 in comparison with the same period in 2008. Group sales decreased as a result of lower sales volumes.

Operating income and margin declined as a result of lower volumes, higher costs for USD-priced outsourced products, and a less favorable product mix. In addition, operating income for the first quarter was adversely affected by the costs of guarantees for a number of battery-driven vacuum cleaners which had to be recalled.

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

Consumer Durables, North America

SEKm	Q1 2009	Q1 2008	Full year 2008
Net sales	9,144	7,275	32,801
Operating income	-177	-154	222
Operating margin, %	-1.9	-2.1	0.7

Industry shipments of core appliances in the US

Units, year-over-year, %	Q1 2009
Core appliances	-16%
Major appliances	-15%

Major appliances

Industry shipments of core appliances in the US declined by 16% in the first quarter of 2009 in comparison with the corresponding period last year. These shipments have declined for eleven consecutive quarters.

Group sales of appliances in North America in comparable currencies were lower in the first quarter as a result of continued low sales volumes and the on-going shift in demand to products with lower prices. The decline in sales was offset to some extent by price increases in 2008. Sales in SEK was positively impacted by translation from USD.

Operating income for the first quarter of 2009 was in line with the same period previous year. Implemented price increases and cost reductions offset lower volumes, investments in the Electrolux brand and higher costs for purchase of steel.

The new Electrolux-branded products continued to contribute to an improvement in the product mix. The net effect of the launch of Electrolux on operating income for the first quarter amounted to approximately SEK -200m. The market share of the Electrolux brand in the premium segment is estimated at approximately 5%.

Floor-care products

Market demand for vacuum cleaners in North America continued to show a decline in the first quarter of 2009. Sales and income for the Group's vacuum-cleaner operation in North America decreased as a result of lower sales volumes, which were offset to some extent by an improved product mix and higher sales prices.

Consumer Durables, North America Industry shipments of core appliances in the US* 400 300 200 100 0 100 –200 SEKm % 2008 2009 Q1 Q2 Q3 Q4 EBIT EBIT margin 8 6 4 2 0 –2 –4 Q1 5 0 –5 –10 –15 –20 –25 % 2008 2009 Q1 Q2 Q3 Q4 Q1 * Units, year-over-year, %.

Consumer Durables, Latin America

SEKm	Q1 2009	Q1 2008	Full year 2008
Net sales	2,625	2,404	10,970
Operating income	50	156	715
Operating margin, %	1.9	6.5	6.5

It is estimated that industry shipments of appliances in Brazil and other major Latin American markets declined during the last quarter of 2008 and the first quarter of 2009 following a long period of growth.

Electrolux sales volumes in Latin America in the first quarter were in line with the same period last year. Sales increased on the basis of a better customer mix. The Group gained additional market shares particularly in Brazil and Venezuela.

Operating income for the first quarter was lower, mainly as a result of negative exchange-rate effects. USD-priced purchases of products from China and raw materials adversely affected operating income. The decline in operating income was partly offset by price increases.

Consumer Durables, Asia/Pacific and Rest of world

SEKm	Q1 2009	Q1 2008	Full year 2008
Net sales	2,145	2,228	9,196
Operating income	60	105	369
Operating margin, %	2.8	4.7	4.0

Australia and New Zealand

In Australia, market demand for appliances showed a slight decrease. Group sales in comparable currencies rose as a result of higher sales volumes and price increases. Electrolux continued to gain market share. Operating income and margin improved somewhat in comparable currencies on the basis of implemented cost reductions and price increases, despite negative currency effects of purchases of USD-priced products.

Southeast Asia and China

Overall market growth in Southeast Asia is estimated to have slowed down somewhat in the first quarter of 2009 in comparison with the same period last year. The Group's sales volumes were lower, but sales rose somewhat as a result of price increases and a favorable product mix. Operating income declined slightly.

Market statistics for shipments of appliances in China show a sharp reduction of approximately 25% in the first quarter of 2009 in comparison with the same period in 2008. Operating income for the operations in China was negatively impacted by costs related to exiting from the low-price refrigerator segments.

Professional Products

SEKm	Q1 2009	Q1 2008	Full year 2008
Net sales	1,727	1,753	7,427
Operating income	105	183	774
Operating margin, %	6.1	10.4	10.4

Market demand for food-service equipment is estimated to have declined in the first quarter of 2009 in comparison with the same period last year. While fewer new projects were started, demand for replacement products declined simultaneously as many customers are postponing purchases of new equipment. In the first quarter Group sales of food-service equipment declined significantly in comparable currencies as a result of lower sales volumes. Operating income decreased due to lower capacity utilization at production facilities. Personnel cutbacks in administration had a favorable effect on income.

Demand in the market for laundry equipment is estimated to have declined in the first quarter of 2009 in comparison with the same period in 2008. Group sales decreased as a result of lower volumes, but market shares were maintained. Operating income declined as a result of lower capacity utilization in production facilities, partly offset by cost savings.

Cash flow

Cash flow from operations and investments amounted to SEK -65m (-489) in the first quarter. Cash flow is normally seasonally low in the first quarter.

Cash flow in the first quarter of 2009 reflects the weak market as well as adjustment of production and inventories. As in the fourth quarter of 2008, production continued to be adjusted in response to lower demand and temporary production shutdowns were implemented.

Cash flow from operations was negatively impacted in the amount of approximately SEK 280m referring to payments related to ongoing restructuring programs and cost-cutting.

Changes in trade receivables referred mainly to seasonally lower sales volumes in the first quarter. Changes in inventories and accounts payable were traceable to inventory reductions and lower production levels that reflected lower demand in most of the Group's markets.

Capital expenditure in the first quarter was lower in comparable currencies than in the same period in the previous year and referred mainly to investments in plants for new products and to reinvestments.

Cash flow from investments in the first quarter of 2008 was affected by a divestment of a real estate in the amount of approximately SEK 130m.

Cash flow

SEKm	Q1 2009	Q1 2008	Full year 2008
Cash flow from operations, exclu ding change in operating assets and liabilities	330	140	3,446
Change in operating assets and liabilities	309	-179	1,503
Investments	-704	-450	-3,755
Cash flow from operations
and investments	-65	-489	1,194
Dividend	0	0	-1,204
Sale of shares	0	3	17
Total cash flow, excluding change in loans and short
term investments	-65	-486	7

Financial position

Total equity as of March 31, 2009, amounted to SEK 16,265m (14,826), which corresponds to SEK 57.36 (52.32) per share.

Net borrowings

SEKm	March 31, 2009	March 31, 2008	Dec. 31, 2008
Borrowings	15,173	10,473	13,946
Liquid funds	10,246	5,281	9,390
Net borrowings	4,927	5,192	4,556
Net debt/equity ratio	0.30	0.35	0.28
Equity	16,265	14,826	16,385
Equity per share, SEK	57.36	52.32	57.78
Return on equity, %	-8.5	-2.7	2.4
Return on equity, excluding items
affecting comparability, %	1.5	-3.6	4.2
Equity/assets ratio, %	25.4	25.7	25.6

Net borrowings

Net borrowings amounted to SEK 4,927m (5,192). The net debt/ equity ratio was 0.30 (0.35). The equity/assets ratio was 25.4% (25.7).

During the first quarter of 2009, SEK 1,628m of new long-term borrowings were raised. Long-term borrowings as of March 31, 2009, excluding long-term borrowings with maturities within 12 months, amounted to SEK 11,089m with average maturities of 4.5 years, compared to SEK 9,963m and 4.7 years by the end of 2008.

During 2009 and 2010, long-term borrowings in the amount of approximately SEK 1,500m will mature. Liquid funds as of March 31, 2009, excluding a committed unused revolving credit facility of EUR 500m, amounted to SEK 10,246m.

Net assets and working capital

Average net assets for the period amounted to SEK 21,067m (20,381). Net assets as of March 31, 2009, amounted to SEK 21,192m (20,018).

Adjusted for items affecting comparability, i.e., restructuring provisions, average net assets amounted to SEK 21,902m (21,875), corresponding to 21.2% (22.6) of net sales.

Working capital as of March 31, 2009, decreased and amounted to SEK -5,142m (-1,651), corresponding to -5.0% (-1.8) of annualized net sales.

The return on net assets was -7.3% (-0.1), and 0.7% (-0.7), excluding items affecting comparability.

Cash flow from operations and investments

Cash flow and change in net borrowings

Launch of premium products in North America

In April 2008, Electrolux was introduced as a major appliance brand in North America. The new products have received good market acceptance, and the Group has gained market share in the premium segment. This market share is estimated at approximately 5%.

In 2009, Electrolux is utilizing the weak market situation by taking an even greater market share, but not by using price to compete. Investments in marketing for the whole of 2009 will continue. The launch had a negative impact on operating income in the net amount of approximately SEK 200m in the first quarter of 2009.

Structural changes

Higher efficiency at the plant in Porcia, Italy

Electrolux will re-engineer production at the washing machine plant in Porcia, Italy, in order to increase efficiency and productivity. This involves a cost of SEK 132m, which was taken as a charge against operating income in the first quarter of 2009, within items affecting comparability.

The plant in St. Petersburg, Russia, will be closed

Electrolux will close the plant in St. Petersburg, Russia, in 2010. Production comprises washing machines mainly for the Russian market, with approximately 250 employees.

The closure is scheduled for completion in the second quarter of 2010. The shutdown involves a total cost of approximately SEK 105m, which was taken as a charge against operating income in the first quarter of 2009, within items affecting comparability.

Changsha plant in China has been closed

As previously announced, Electrolux discontinued production at the Changsha plant in China in the first quarter of 2009. The closure of the factory involved a total cost of approximately SEK 187m, which was taken as a charge against operating income in the first quarter of 2009, within items affecting comparability. The cost of the closure was higher than originally anticipated. About 700 employees were affected by the closure. Distribution of appliances is now concentrated to gain a strong position in the premium segment.

St. Petersburg Russia Washing machines (Q2 2010)

Other items

Changes in Group Management

Dr Detlef Münchow, Executive Vice President of AB Electrolux and sector head of Professional Products, will be leaving the Group at the end of September 2009. Search for new head of Professional Products has commenced.

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 March 31, 2009, the Group had a total of 2,790 (2,130) cases pending, representing approximately 3,320 (approximately 2,740) plaintiffs. During the first quarter of 2009, 230 new cases with approximately 230 plaintiffs were filed and 79 pending cases with approximately 130 plaintiffs were resolved. Approximately 220 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.

Annual General Meeting 2009

Dividend

The AGM 2009 decided in accordance with the Board of Directors' proposal that no dividend will be paid for 2008, as a result of the low income for the period, continuing weak market conditions and the on-going cost-reduction programs that will affect cash flow in 2009. A zero dividend is in line with existing policy, with reference to the low income for the period.

Re-election of Board members

The AGM 2009 adopted the proposal of the Nomination Committee for Board members and Chairman of the Board.

Marcus Wallenberg, Peggy Bruzelius, Torben Ballegaard Sørensen, Hasse Johansson, John S. Lupo, Barbara Milian Thoralfsson, Johan Molin, Hans Stråberg and Caroline Sundewall were re-elected to the Board. Marcus Wallenberg was appointed Chairman of the Board of Directors.

Relocation of production, items affecting comparability, restructuring measures 2007–2010

Plant closures and cutbacks			Closed	Re-engineering			Effected
Torsvik	Sweden	Compact appliances	(Q1 2007)	Porcia	Italy	Washing machines	(Q4 2010)
Nuremberg	Germany	Dishwashers, washing machines and dryers	(Q1 2007)
Adelaide	Australia	Dishwashers	(Q2 2007)
Fredericia	Denmark	Cookers	(Q4 2007)	Electrolux initiated a restructuring program in 2004 to make the Group's production competitive in the long term. When it is fully implemented in 2010, more than half of production of appliances will be located in low-cost
Adelaide	Australia	Washing machines	(Q1 2008)
Spennymoor	UK	Cookers	(Q4 2008)			countries and savings will amount to approximately SEK 3 billion annually.
Changsha	China	Refrigerators	(Q1 2009)			Restructuring provisions and write-downs are reported as items affecting comparability within operating income. For information on provisions in the
Authorized closures			Estimated closure			first quarter of 2009, see table on page 10.
Scandicci	Italy	Refrigerators	(Q3 2009)

At the statutory Board meeting following the AGM, Peggy Bruzelius was re-elected Deputy Chairman of the Board. For information on Board members, please visit www.electrolux.com.

Repurchase and transfer of own shares

For several years, Electrolux has on the basis of authorizations by the AGM acquired and transferred own shares. The purpose of the share-repurchase programs has been 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 sharerelated incentive programs.

In accordance with the proposal by the Board of Directors, the AGM decided to authorize the Board to transfer own shares on the account of company acquisitions during the period up until the AGM in 2010. The Board of Directors did not request any mandate from the AGM to repurchase additional shares in the company.

The AGM also authorized transfers of up to 3,000,000 repurchased B-shares to cover costs that may arise as a result of the previous employee stock-option programs for 2002-2003 and the Electrolux Performance Share Program 2007.

As of March 31, 2009, Electrolux held 25,338,804 B-shares, corresponding to 8.2% of the total number of outstanding shares, see table on page 11.

Risks and uncertainty factors

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 operative units within the Group, and financial risks by the Group's treasury department.

Risks and uncertainty factors

Electrolux operates in competitive markets, most of which are relatively mature. Demand for appliances varies with general business conditions, and price competition is strong in a number of product categories. Electrolux ability to increase profitability and shareholder value is largely dependent on its success in developing innovative products and maintaining cost-efficient production. Major factors for maintaining and increasing competitiveness include managing fluctuations in prices for raw materials and components as well as implementing restructuring. In addition to these operative risks, the Group is exposed to risks related to financial operations, e.g., interest risks, financing risks, currency risks and credit risks. The Group's development is strongly affected by external factors, of which the most important in terms of managing risks currently include:

Variations in demand

Demand for appliances is affected by the general business cycle. A deterioration in these conditions may lead to lower sales volumes as well as a shift of demand to low-price products, which generally have lower margins. Utilization of production capacity may also decline in the short term. The global economic trend is an uncertainty factor in terms of the development of earnings in 2009.

Price competition

A number of the markets in which Electrolux operates features strong price competition. The Group's strategy is based on innovative products and brand-building, and is aimed among other things at minimizing and offsetting price competition for its products. A continued downturn in market conditions involves a risk of increasing price competition.

Changes in prices for raw materials and components

The raw materials to which the Group is mainly exposed comprise steel, plastics, copper and aluminum. Bilateral agreements are used to manage price risks. To some extent, raw materials are purchased at spot prices. There is considerable uncertainty regarding trends for the prices of raw materials.

Access to financing

In 2008, the Group improved its loan-maturity profile and thus substantially reduced dependence on short-term borrowings. Electrolux has an unused revolving credit facility for long- or shortterm back-up.

Risks, risk management and risk exposure are described in more detail in the Annual report 2008, www.electrolux.com/annualreport2008.

Sensitivity analysis year-end 2008 Raw materials exposure 2008

Risk	Change		Pre-tax earnings impact, SEKm
Raw materials
Steel	10%	+/–	1,000
Plastics	10%	+/–	500
Currencies¹)
and interest rates
AUD/SEK	–10%	–	253
GBP/SEK	–10%	–	238
HUF/SEK	–10%	+	206
USD/SEK	–10%	+	458
EUR/SEK	–10%	+	684
Interest rate	1 percentage point	+/–	70

Carbon steel, 39% Stainless steel, 9% Copper and aluminum, 12% Plastics, 22% Other, 18%

In 2008, Electrolux purchased raw materials for approximately SEK 23 billion. Purchases of steel accounted for the largest cost.

1) Include translation and transaction effects.

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 quarter of 2009 amounted to SEK 1,234m (1,377) of which SEK 586m (698) referred to sales to Group companies and SEK 648m (679) to external customers. Income after financial items was SEK 213m (-242), including dividends from subsidiaries in the amount of SEK 0m (1). Income for the period amounted to SEK 224m (-225).

Capital expenditure in tangible and intangible assets was SEK 74m (55). Liquid funds at the end of the period amounted to SEK 4,340m (1,652) as against SEK 4,045m at the start of the year.

Undistributed earnings in the Parent Company at the end of the period amounted to SEK 9,137m, as against SEK 9,110m at the start of the year.

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

Stockholm, April 22, 2009

Hans Stråberg President and CEO

New accounting standards

IAS 1 Presentation of Financial Statements (Revised)

The Group has implemented the revised IAS 1, which is effective as of January 1, 2009. As a consequence, the Group's consolidated income statement includes items of other comprehensive income. These items were previously reported within consolidated equity. Consequently, the consolidated equity statement is reported excluding these items. The change does not imply any new information or changes in key ratios.

IFRS 8 Operating Segments

This new standard replaces IAS 14, Segment Reporting, and prescribes the measurement and presentation of segments. Electrolux will report the same segments as previously. The impact of the new standard will be disclosed according to the standard, e.g., sales per country in the Annual Report.

The standard is effective for annual periods beginning on/or after January 1, 2009. The Group has applied the additional disclosure requirements in IAS 34, Interim Financial Reporting, in accordance with the new standard. As a consequence, assets and liabilities per segment are presented in the interim reports as from the first quarter of 2009.

Press releases 2009

February 4	Consolidated results 2008 and CEO Hans Stråberg's comments
February 23	Nomination Committee proposes re-election
	of Board members
March 30	Dr. Detlef Münchow to leave Electrolux
March 31	Electrolux to close factory in St. Petersburg, Russia
March 31	Electrolux Annual General Meeting 2009: Excerpts from
	the speech by President and CEO Hans Stråberg
April 22	Interim report January-March and CEO
	Hans Stråberg's comments

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 2008 and the description on new accoutning standards above.

This report has not been audited.

9

Consolidated income statement

SEKm	Q1 2009	Q1 2008	Full year 2008
Net sales	25,818	24,193	104,792
Cost of goods sold	-21,441	-20,335	-86,795
Gross operating income	4,377	3,858	17,997
Selling expenses	-2,996	-2,840	-11,788
Administrative expenses	-1,346	-1,226	-4,839
Other operating income/expenses	3	169	173
Items affecting comparability	-424	34	-355
Operating income	-386	-5	1,188
Margin, %	-1.5	0.0	1.1
Financial items, net	-107	-144	-535
Income after financial items	-493	-149	653
Margin, %	-1.9	-0.6	0.6
Taxes	147	43	-287
Income for the period	-346	-106	366
Available for sale instruments1)	-16	-324	-403
Cash flow hedges2)	-220	-47	21
Exchange differences on translation of foreign operations3)	462	-741	1,589
Income tax relating to components of other comprehensive
income	-	-	-
Other comprehensive income, net of tax4)	226	-1,112	1,207
Total comprehensive income for the period	-120	-1,218	1,573
Income for the period attributable to:
Equity holders of the Parent Company	-346	-106	366
Non-controlling interests in income for the period	-	-	-
Total comprehensive income for the period attributable to:
Equity holders of the Parent Company	-120	-1,218	1,573
Non-controlling interest in income for the period	-	-	-
Earnings per share, SEK	-1.22	-0.38	1.29
Diluted, SEK	-1.22	-0.38	1.29
Number of shares after buybacks, million	283.6	283.4	283.6
Average number of shares after buybacks, million	283.6	282.1	283.1
Diluted, million	283.6	282.3	283.2

1) Available for sale instruments refer to the fair-value changes in Electrolux share holdings in Videcon Industries Ltd., India. The share holdings are classified as available for sale in accordance with IFRS.

2) Cash-flow hedges refer to changes in valuation of currency contracts used for hedging future foreign currency transactions. When the actual transaction occurs, the result is reported within operating income.

3) Exchange differences on translation of foreign operations refer to changes in exchange rates when net investments in foreign subsidiaries are translated to SEK. The amount is reported net of hedging contracts.

4) These items were previously reported within the financial statement; Changes in consolidated equity.

Items affecting comparability

			Full year
SEKm	Q1 2009	Q1 2008	2008
Restructuring provisions and write-downs
Appliances plant in Changsha, China	-187	-	-
Appliances plant in Porcia, Italy	-132	-	-
Appliances plant in St. Petersburg, Russia	-105	-	-
Appliances plant in Scandicci and Susegana, Italy	0	-	-487
Reversal of unused restructuring provisions	0	34	132
Total	-424	34	-355

Consolidated balance sheet

SEKm	March 31, 2009	March 31, 2008	Dec. 31, 2008
Assets
Property, plant and equipment	16,757	14,546	17,035
Goodwill	2,206	1,945	2,095
Other intangible assets	2,903	2,162	2,823
Investments in associates	20	30	27
Deferred tax assets	3,483	1,983	3,180
Financial assets	264	332	280
Other non-current assets	1,549	1,561	1,472
Total non-current assets	27,182	22,559	26,912
Inventories	12,957	12,603	12,680
Trade receivables	20,534	19,210	20,734
Tax assets	525	577	511
Derivatives	1,072	416	1,425
Other current assets	3,355	3,004	3,460
Short-term investments	1,056	38	296
Cash and cash equivalents	7,714	4,501	7,305
Total current assets	47,213	40,349	46,411
Total assets	74,395	62,908	73,323
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	2,278	-275	2,052
Retained earnings	9,537	10,650	9,883
	16,265	14,825	16,385
Minority interests	0	1	0
Total equity	16,265	14,826	16,385
Long-term borrowings	11,089	5,410	9,963
Deferred tax liabilities	848	890	840
Provisions for post-employment benefits	6,930	5,956	6,864
Other provisions	4,363	3,749	4,175
Total non-current liabilities	23,230	16,005	21,842
Accounts payable	15,377	14,440	15,681
Tax liabilities	2,148	1,804	2,329
Short-term liabilities	10,900	9,296	10,644
Short-term borrowings	3,098	4,670	3,168
Derivatives	795	278	784
Other provisions	2,582	1,589	2,490
Total current liabilities	34,900	32,077	35,096
Total equity and liabilities	74,395	62,908	73,323
Contingent liabilities	1,573	814	1,293

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, 2009	9,502,275	299,418,033	25,338,804	283,581,504
Shares sold to senior managers under the stock option programs	-	-	-	-
First quarter	-	-	-	-
Shares alloted to senior managers under the Performance Share Program	-	-	-	-
Number of shares as of March 31, 2009	9,502,275	299,418,033	25,338,804	283,581,504
As % of total number of shares			8.2%

Consolidated cash flow statement

SEKm	Q1 2009	Q1 2008	Full year 2008
Operations
Operating income	-386	-5	1,188
Depreciation and amortization	871	689	3,010
Capital gain/loss included in operating income	0	-167	-198
Restructuring provisions	143	241	1,134
Share-based compensation	0	1	-41
Financial items paid	-42	-311	-729
Taxes paid	-256	-308	-918
Cash flow from operations, excluding change in operating assets and liabilities	330	140	3,446
Change in operating assets and liabilities
Change in inventories	14	-697	923
Change in trade receivables	570	782	1,869
Change in other current assets	182	-96	-178
Change in accounts payable	-414	101	-686
Change in other operating liabilities and provisions	-43	-269	-425
Cash flow from change in operating assets
and liabilities	309	-179	1,503
Cash flow from operations	639	-39	4,949
Investments
Divestment of operations	0	0	-34
Capital expenditure in property, plant and equipment	-514	-497	-3,158
Capitalization of product development	-148	-146	-544
Other	-42	193	-19
Cash flow from investments	-704	-450	-3,755
Cash flow from operations and investments	-65	-489	1,194
Financing
Change in short-term investments	-760	123	-128
Change in short-term borrowings	0	1,278	-681
New long-term borrowings	1,628	1,023	5,289
Amortization of long-term borrowings	-512	-2,832	-2,923
Dividend	0	0	-1,204
Sale of shares	0	3	17
Cash flow from financing	356	-405	370
Total cash flow	291	-894	1,564
Cash and cash equivalents at beginning of period	7,305	5,546	5,546
Exchange-rate differences	118	-151	195
Cash and cash equivalents at end of period	7,714	4,501	7,305
Change in net borrowings
Total cash flow, excluding change in loans
and short-term investments	-65	-486	7
Net borrowings at beginning of period	-4,556	-4,703	-4,703
Exchange-rate differences referring to net borrowings	-306	-3	140
Net borrowings at end of period	-4,927	-5,192	-4,556

Change in consolidated equity

SEKm	March 31, 2009	March 31, 2008	Dec.31, 2008
Opening balance	16,385	16,040	16,040
Total comprehensive income for the period	-120	-1,218	1,573
Share-based payment	0	1	-41
Sale of shares	0	3	17
Dividend	0	0	-1,204
Total transactions with equity holders	0	4	-1,228
Closing balance	16,265	14,826	16,385

Working capital and net assets

SEKm	March 31, 2009	% of annualized net sales	March 31, 2008	% of annualized net sales	Dec. 31, 2008	% of annualized net sales
Inventories	12,957	12.6	12,603	13.4	12,680	11.0
Trade receivables	20,534	19.9	19,210	20.4	20,734	17.9
Accounts payable	-15,377	-14.9	-14,440	-15.3	-15,681	-13.6
Provisions	-13,875		-11,294		-13,529
Prepaid and accrued income and expenses	-7,312		-6,046		-7,263
Taxes and other assets and liabilities	-2,069		-1,684		-2,072
Working capital	-5,142	-5.0	-1,651	-1.8	-5,131	-4.4
Property, plant and equipment	16,757		14,546		17,035
Goodwill	2,206		1,945		2,095
Other non-current assets	4,736		4,085	4,602
Deferred tax assets and liabilities	2,635		1,093 2,340
Net assets	21,192	20.6	20,018	21.3	20,941	18.1
Average net assets	21,067	20.4	20,381	21.1	20,538	19.6
Average net assets, excluding items affecting comparability	21,902	21.2	21,875	22.6	21,529	20.5

Key ratios

	Q1 2009	Q1 2008	Full year 2008
Net sales, SEKm	25,818	24,193	104,792
Operating income, SEKm	-386	-5	1,188
Margin, %	-1.5	0.0	1.1
EBITDA, SEKm	485	684	4,198
Earnings per share, SEK ¹)	-1.22	-0.38	1.29
Return on net assets, %	-7.3	-0.1	5.8
Return on equity, %	-8.5	-2.7	2.4
Equity per share, SEK	57.36	52.32	57.78
Cash flow from operations, SEKm	639	-39	4,949
Capital expenditure, SEKm	-514	-497	-3,158
Net borrowings, SEKm	4,927	5,192	4,556
Net debt/equity ratio	0.30	0.35	0.28
Equity/assets ratio, %	25.4	25.7	25.6
Average number of employees	53,639	55,753	55,177
Excluding items affecting comparability
Operating income, SEKm	38	-39	1,543
Margin, %	0.1	-0.2	1.5
EBITDA, SEKm	909	650	4,553
Earnings per share, SEK ¹ )	0.21	-0.50	2.32
Return on net assets, %	0.7	-0.7	7.2
Return on equity, %	1.5	-3.6	4.2
Value creation, SEKm	-619	-695	-1040

1) Basic, based on average number of shares excluding shares owned by Electrolux, see page 15.

For definitions, see page 18.

Net sales by business area

SEKm	Q1 2009	Q1 2008	Full year 2008
Consumer Durables, Europe	10,175	10,525	44,342
Consumer Durables, North America	9,144	7,275	32,801
Consumer Durables, Latin America	2,625	2,404	10,970
Consumer Durables, Asia/Pacific and Rest of world	2,145	2,228	9,196
Professional Products	1,727	1,753	7,427
Other	2	8	56
Total	25,818	24,193	104,792

Operating income by business area

SEKm	Q1 2009	Q1 2008	Full year 2008
Consumer Durables, Europe	125	-192	-22
Margin, %	1.2	-1.8	0.0
Consumer Durables, North America	-177	-154	222
Margin, %	-1.9	-2.1	0.7
Consumer Durables, Latin America	50	156	715
Margin, %	1.9	6.5	6.5
Consumer Durables, Asia/Pacific and Rest of world	60	105	369
Margin, %	2.8	4.7	4.0
Professional Products	105	183	774
Margin, %	6.1	10.4	10.4
Total business areas	163	98	2,058
Margin, %	0.6	0.4	2.0
Common Group costs, etc.	-125	-137	-515
Items affecting comparability	-424	34	-355
Operating income	-386	-5	1,188

Change in net sales by business area

Year-over-year, %	Q1 2009	Q1 2009 in comparable currencies
Consumer Durables, Europe	-3.3	-13.5
Consumer Durables, North America	25.7	-3.1
Consumer Durables, Latin America	9.2	4.2
Consumer Durables, Asia/Pacific and Rest of world	-3.7	-12.1
Professional Products	-1.5	-14.0
Total change	6.7	-8.4

Change in operating income by business area

Year-over-year, %	Q1 2009	Q1 2009 in comparable currencies
Consumer Durables, Europe	165.1	178.6
Consumer Durables, North America	-14.9	12.8
Consumer Durables, Latin America	-67.9	-69.9
Consumer Durables, Asia/Pacific and Rest of world	-42.9	-34.8
Professional Products	-42.6	-49.3
Total change, excluding items affecting comparability	197.4	179.2

Exchange rates

SEK	March 31, 2009	March 31, 2008	Dec. 31, 2008
AUD, average	5.53	5.63	5,56
AUD, end of period	5.70	5.42	5,34
CAD, average	6.68	6.27	6,21
CAD, end of period	6.59	5.82	6,26
EUR, average	10.99	9.42	9.67
EUR, end of period	10.98	9.39	10.93
GBP, average	11.89	12.39	12.11
GBP, end of period	11.80	11.81	11.19
USD, average	8.30	6.22	6.59
USD, end of period	8.26	5.94	7.70

Net sales and income per quarter

SEKm		Q1	Q2	Q3	Q4	Full year
Net sales	2009	25,818				25,818
	2008	24,193	25,587	26,349	28,663	104,792
Operating income	2009	-386				-386
	Margin, %	-1.5				-1.5
	2009 ¹)	38				38
	Margin, %	0.1				0.1
	2008	-5	254	1,286	-347	1,188
	Margin, %	0.0	1.0	4.9	-1.2	1.1
	2008 ¹)	-39	793	1,178	-389	1,543
	Margin, %	-0.2	3.1	4.5	-1.4	1.5
Income after financial items	2009	-493				-493
	Margin, %	-1.9				-1.9
	2009 ¹)	-69				-69
	Margin, %	-0.3				-0.3
	2008	-149	140	1,192	-530	653
	Margin, %	-0.6	0.5	4.5	-1.8	0.6
	2008 ¹)	-183	679	1,084	-572	1,008
	Margin, %	-0.8	2.7	4.1	-2.0	1.0
Income for the period	2009	-346				-346
	2008	-106	99	847	-474	366
Earnings per share, SEK ²)	2009	-1.22				-1.22
	2009 ¹)	0.21				0.21
	2008	-0.38	0.36	2.99	-1.68	1.29
	2008 ¹)	-0.50	1.74	2.90	-1.82	2.32
Value creation	2009	-619				-619
	2008	-695	175	532	-1,052	-1,040

1) Excluding items affecting comparability.

2) Basic, based on average number of shares excluding shares owned by Electrolux.

Number of shares, basic

Number of shares after buy-backs, million	2009	283.6
	2008	283.4	283.6	283.6	283.6	283.6
Average number of shares after buy-backs, million	2009	283.6
	2008	282.1	283.5	283.6	283.6	283.1
Items affecting comparability
Restructuring provisions, write-downs and capital	2009	-424				-424
loss on divestment, SEKm	2008	34	-539	108	42	-355

Net sales by business area per quarter

SEKm		Q1	Q2	Q3	Q4	Full year
Consumer Durables, Europe	2009	10,175				10,175
	2008	10,525	10,500	11,345	11,972	44,342
Consumer Durables, North America	2009	9,144				9,144
	2008	7,275	8,214	8,384	8,928	32,801
Consumer Durables, Latin America	2009	2,625				2,625
	2008	2,404	2,548	2,713	3,305	10,970
Consumer Durables, Asia/Pacific and Rest of world	2009	2,145				2,145
	2008	2,228	2,369	2,190	2,409	9,196
Professional Products	2009	1,727				1,727
	2008	1,753	1,944	1,709	2,021	7,427

Operating income by business area per quarter

SEKm		Q1	Q2	Q3	Q4	Full year
Consumer Durables, Europe	2009	125				125
	Marginal, %	1.2				1.2
	2008	-192	294	514	-638	-22
	Marginal, %	-1.8	2.8	4.5	-5.3	0.0
Consumer Durables, North America	2009	-177				-177
	Marginal, %	-1.9				-1.9
	2008	-154	113	306	-43	222
	Marginal, %	-2.1	1.4	3.6	-0.5	0.7
Consumer Durables, Latin America	2009	50				50
	Marginal, %	1.9				1.9
	2008	156	133	182	244	715
	Marginal, %	6.5	5.2	6.7	7.4	6.5
Consumer Durables, Asia/Pacific and Rest of world	2009	60				60
	Marginal, %	2.8				2.8
	2008	105	147	101	16	369
	Marginal, %	4.7	6.2	4.6	0.7	4.0
Professional Products	2009	105				105
	Marginal, %	6.1				6.1
	2008	183	225	185	181	774
	Marginal, %	10.4	11.6	10.8	9.0	10.4
Common Group costs, etc.	2009	-125				-125
	2008	-137	-119	-110	-149	-515
Items affecting comparability	2009	-424				-424
	2008	34	-539	108	42	-355

Net assets by business area

		Assets		Equity and liabilities			Net assets
SEKm	March 31, 2009	March 31, 2008	Dec. 31, 2008	March 31, 2009	March 31, 2009	Dec. 31, 2008	March 31, 2009	March 31, 2008	Dec. 31, 2008
Consumer Durables, Europe	32,814	33,029	28,345	25,219	23,818	21,104	7,595	9,211	7,241
Consumer Durables, North America	13,332	9,943	15,422	4,832	2,818	7,089	8,500	7,125	8,333
Consumer Durables, Latin America	5,296	3,854	6,536	1,901	1,257	2,971	3,395	2,597	3,565
Consumer Durables, Asia/Pacific and Rest of world	4,000	3,412	4,885	1,724	1,210	2,169	2,276	2,202	2,716
Professional Products	3,172	3,207	3,720	1,838	1,942	2,393	1,334	1,265	1,327
Other1)	5,756	4,097	4,937	6,674	5,850	6,595	-918	-1,753	-1,658
Items affecting comparability	-221	85	87	769	714	670	-990	-629	-583
Total operating assets and liabilities	64,149	57,627	63,932	42,957	37,609	42,991	21,192	20,018	20,941
Liquid funds	10,246	5,281	9,391	—	—	—	—	—	—
Interest-bearing receivables	—	—	—	—	—	—	—	—	—
Interest-bearing liabilities	—	—	—	15,173	10,473	13,947	—	—	—
Equity	—	—	—	16,265	14,826	16,385	—	—	—
Total	74,395	62,908	73,323	74,395	62,908	73,323	—	—	—

1) Includes common Group services.

Parent Company, income statement

SEKm	Q1 2009	Q1 2008	Full year 2008
Net sales	1,234	1,377	5,808
Cost of goods sold	-1,066	-1,259	-5,046
Gross operating income	168	118	762
Selling expenses	-168	-151	-761
Administrative expenses	-103	-188	-312
Other operating income	3	50	33
Other operating expenses	-1	-3	-328
Operating income	-101	-174	-606
Financial income	311	252	2,643
Financial expenses	3	-320	-1,462
Financial items, net	314	-68	1,181
Income after financial items	213	-242	575
Appropriations	7	4	20
Income before taxes	220	-238	595
Taxes	4	13	38
Income for the period	224	-225	633

Parent Company, balance sheet

SEKm	March 31, 2009	March 31, 2008	Dec. 31, 2008
Assets
Non-current assets	26,671	25,490	26,493
Current assets	21,494	14,005	20,348
Total assets	48,165	39,495	46,841
Equity and liabilities
Restricted equity	4,562	4,562	4,562
Non-restricted equity	9,317	9,341	9,110
Total equity	13,879	13,903	13,672
Untaxed reserves	697	721	704
Provisions	622	527	618
Non-current liabilities	10,313	4,956	9,244
Current liabilities	22,654	19,388	22,603
Total equity and liabilities	48,165	39,495	46,841
Pledged assets	6	13	36
Contingent liabilities	1,837	1,318	1,720

Five-year review

					Including Husqvarna
	2008	2007	2006	2005	2005	2004 ¹ )
Net sales, SEKm	104,792	104,732	103,848	100,701	129,469	120,651
Operating income, SEKm	1,188	4,475	4,033	1,044	3,942	4,807
Margin, %	1.1	4.3	3.9	1.0	3.0	4.0
Margin, excluding items affecting comparability, %	1.5	4.6	4.4	4.0	5.4	5.6
Income after financial items, SEKm	653	4,035	3,825	494	3,215	4,452
Margin, %	0.6	3.9	3.7	0.5	2.5	3.7
Margin, excluding items affecting comparability, %	1.0	4.2	4.2	3.4	4.8	5.3
Income for the period, SEKm	366	2,925	2,648	-142	1,763	3,259
Earnings per share, SEK	1.29	10.41	9.17	-0.49	6.05	10.92
Average number of shares after buy-backs, million	283.1	281.0	288.8	291.4	291.4	298.3
Dividend, SEK	0	4.25	4.00	7.50	7.50	7.00
Value creation, SEKm	-1,040	2,053	2,202	1,305	2,913	3,054
Return on equity, %	2.4	20.3	18.7	-	7.0	13.1
Return on net assets, %	5.8	21.7	23.2	5.4	13.0	17.5
Net debt/equity ratio	0.28	0.29	-0.02	-	0.11	0.05
Capital expenditure, SEKm	3,158	3,430	3,152	3,654	4,765	4,515
Average number of employees	55,177	56,898	55,471	57,842	69,523	72,382

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.

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 2009, 2008 and 2007 is calculated at 12% compared to 11% for 2006, 12% for 2005 and 2004.

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 first quarter results 2009

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 April 22, 2009. The conference will be chaired by Hans Stråberg, President and CEO of Electrolux. Mr. Stråberg will be accompanied by Jonas Samuelson, CFO, and Peter Nyquist, Head of Investor Relations and Financial Information. A slide presentation for the first quarter of 2009 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

Interim report January–June July 16 Interim report January–September October 26

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 April 22, 2009.