STOCKHOLM, Sweden, July 17, 2003 (PRIMEZONE) -- HALF-YEARLY REPORT 2003
-- Higher income for Consumer Durables in Europe, in a difficult
environment
-- Continued good sales growth and higher income in USD for Consumer
Durables, North America
-- Negative currency effect of SEK 600m on operating income
-- Agreement signed for divestment of compressor operation
This report has not been audited.
Electrolux has applied in this report the accounting principles disclosed in Note 1 of the Annual Report for 2002.
Telephone conference and presentation:
A telephone conference will be held at 15.00 CET on July 17, 2003. The conference will be chaired by Hans Straberg, President and CEO of Electrolux. A slide presentation of the Group's Half-yearly 2003 results is available on the Electrolux website: www.electrolux.com/webcast1.
For more information:
Financial information from Electrolux is also available at www.electrolux.com/ir.
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The full report is available for download:
http://www.waymaker.net/bitonline/2003/07/17/20030717BIT00030/wkr0001.doc
http://www.waymaker.net/bitonline/2003/07/17/20030717BIT00030/wkr0002.pdf