Highlights of the third quarter of 2012. Net sales amounted to SEK 27,171m (25,650) and income for the period was SEK 985m (825), or SEK 3.43 (2.90) per share. Net sales improved by 5.9%, of which 4.6% was organic growth, 5.1% acquisitions and –3.8% changes in exchange rates.
1. Q3 Results,
October 22, 2012
Keith McLoughlin, President and CEO
Tomas Eliasson, CFO
Peter Nyquist, SVP IR
2. Q3 Highlights
EBIT (SEKm) Margin (%)
1 800
5.4
6 • Strong organic growth by 4.6%
1 600
5 – Strong volume growth in Latin
1 400 4.3 America
1 200 4 – Volume and price increases in US
1 000
3 • EBIT increased to SEK 1,461m
800
– 5 of 6 business areas at or above
600 2 our EBIT-margin target
400
1 – Improved mix/price in the US
200
– Positive price, mix and volume in
0 0 Latin America
2011 2012
(SEKm) Q3 2012 Q3 2011
– Negative country mix and lower
prices in Europe
Sales 27,171 25,650
EBIT* 1,461 1,098 • Activities initiated to improve cost
Margin* 5.4 4.3 position in Europe
* Excluding items affecting comparability. Non-recurring items are included
in all figures.
2
3. Bridge of the quarterly sales
and EBIT
Net Organic Acquisitions/
SEKm Q3 2011 Currency Q3 2012
Development Divestments
Net sales 25,650 1,180 -967 1,308 27,171
Net sales % 4.6 -3,8 5.1 5.9
EBIT 1,098 373 -80 70 1,461
EBIT % 4.3 32.0 8.3 5.3 5.4
Dilution/
1.2 -0.1 0.0
Accretion %
3
4. EBIT-margin bridge Q3 year-over-
year
EBIT% Q3 2011 4.3
Price/Mix 1.2
Volume 0.2
Raw materials -0.2
Net: Investments, inflation, efficiencies 0.0
Net organic development 1.2
Currency -0.1
Acquisitions 0.0
EBIT% Q3 2012 5.4
4
15. 4th quarter y-o-y
In accordance with forward-looking statements in the CEO
letter, press release and previous official statements
Q4 Comments
Slightly Growth in emerging markets and North
Market volumes
Positive America. Europe continues to be weak.
Price/Mix Positive Positive price in NA and LA
Steel: Positive
Raw-material costs Flat
Plastics: Slightly negative
Intensive launch period in 2012
R&D and marketing Higher
Increased marketing spend in North America.
Uncertain Egyptian market, compensated by
Acquired units SEK 100m
a strong CTI performance
Incl. global operations, overhead
Cost savings ~SEK 250m
reduction and improved manufacturing
Transportation and
Higher Cost increases for sourced products
sourced products
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17. Factors affecting forward-
looking statements
Factors affecting forward-looking statements
This presentation 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.
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