Interim report july - september, 2004

INTERIM REPORT July - September, 2004 Stockholm, October 20, 2004 ·Net sales for the first nine months amounted to SEK 92,031m (95,762) and net income to SEK 2,420m (3,624), corresponding to SEK 8.05 (11.55) per share ·Continued strong cash flow in third quarter and for the period as a whole ·Operating income for the third quarter adversely affected by substantially higher materials prices ·Decline in income for Consumer Durables in Europe, due to higher brand spend and weaker demand in some Western European markets ·Higher income for both Consumer Outdoor Products and Professional Outdoor Products Third Third Nine Nine Amounts in SEKm, unless quarter quarter months months otherwise stated 2004 2003 Change 2004 2003 Change Net sales 29,588 30,387 -2.6% 92,031 95,762 -3.9% Operating income1) 1,092 1,320 -17.3% 3,577 5,527 -35.3% Operating income, excl. items affecting 1,698 5,238 -11.3% comparability 1,368 -19.4% 5,905 Margin, % 4.6 5.6 5.7 6.2 Income after financial 1,286 3,307 -39.0% items1) 944 -26.6% 5,418 Income after financial items, excl. items affecting 1,664 4,968 -14.3% comparability 1,220 -26.7% 5,796 Margin, % 4.1 5.5 5.4 6.1 Net income1) 677 767 -11.7% 2,420 3,624 -33.2% Net income, excl. items affecting comparability 860 1,145 -24.9% 3,501 4,002 -12.5% Net income per share, SEK1) 2.50 8.05 -30.3% 2) 2.35 -6.0% 11.55 Net income per share, excl. items affecting 3.70 11.65 -8.6% comparability, SEK2) 3.00 -18.9% 12.75 Value creation 442 649 -207 2,395 2,659 -264 Return on equity, %1) 12.9 17.4 Return on equity, excl. items affecting 18.6 comparability, % 19.2 1)Income for the third quarter of 2004 includes items affecting comparability in the amount of SEK -276m (-378) and for the first nine months SEK -1,661m (-378). 2)Based on an average of 291.3 (312.2) million shares after share redemption and buy-backs for the third quarter and 300.7 (314.1) million for the first nine months of the year. For more information Financial information from Electrolux is also available at www.electrolux.com/ir ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/10/20/20041020BIT00030/wkr0001.pdf The full report

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Electrolux shapes living for the better by reinventing taste, care and wellbeing experiences, making life more enjoyable and sustainable for millions of people. As a leading global appliance company, we place the consumer at the heart of everything we do. Through our brands, including Electrolux, AEG, Anova, Frigidaire, Westinghouse and Zanussi, we sell more than 60 million household and professional products in more than 150 markets every year. For more information go to www.electroluxgroup.com.

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